Washington

REGULATING AGENCY: Washington Department of Financial Institutions; Division of Credit Unions

Washington Capitol Building

ACCREDITED: 1999

LEAGUE: GoWest Credit Union Association

PRIVATE SHARE INSURANCE: No


2022 STATS 
  • Largest SCU: BOEING EMPLOYEES CU $29.5B in assets
  • Largest FCU: FIBRE FCU $1.7B in assets
Second Quarter 2022 SCUs FCUs Total CUs % of SCUs/Total
Total Credit Unions 50 29 79 63%
Credit Union Members 4.2M 287,020 4.5M 94%
Credit Union Assets $79.2B $4.9B  $84.1B 94%

FUN FACT

Washington is home to four of the five longest floating bridges in the world; and Puget Sound’s many islands are served by the largest ferry fleet in the United States.


RECENT NEWS
Merger That Crossed State Lines is Now Complete

Courtesy of CUToday.info

Horizon

August 2, 2022 — Horizon Credit Union in Washington said its merger with Great Falls, Mont.-based Embark CU is now finished. Embark CU’s members gave the combination their OK in May.

For Horizon CU, its FOM now expands into north central Montana.

According to Horizon, Deb Evans, the president and CEO of Embark CU, will “lead the local market in the new organization” and will sit on the Embark Advisory Board.

“Joining forces gives our members and employees expanded products and services that will enhance their banking experience,” said Evans, who has been with the credit union since 1995.  “Years ago, our board of directors chose ‘Embark’ to signal our members’ financial journey and merging with Horizon continues that journey. Together we are not just bigger, but better and stronger. Our combined presence and involvement in the Great Falls and the surrounding area will benefit not only our members but the communities themselves.”

‘Strengthening Communities’

Added Jeff Adams, president/CEO of Horizon CU, “Each of our credit unions care about strengthening the communities we serve and providing quality service to our members. I look forward to seeing what our organizations are able to accomplish together.”

Horizon CU reported it first entered the Montana market via a merger with the former Montana First Credit Union in 2012, and in the decade that has followed it has continue to grow and is now the third-largest CU in the Big Sky state.

The merged CU has $1.8 billion in assets, 31 branches, more than 400 employees and more than 113,000 members.


STORY ARCHIVE

Click here to take a look at the stories that have been collected over the years in Washington.

What’s new in your state?
Click here to submit your state-chartered credit union news stories to NASCUS today!