Washington
BENEFITS OF THE WASHINGTON STATE CHARTER (View/download PDF)
REGULATING AGENCY: Washington Department of Financial Institutions; Division of Credit Unions
- Charles Clark, Agency Director
- Amy Hunter, Director of Credit Unions
- Website: dfi.wa.gov/credit-unions
ACCREDITED: 1999
LEAGUE: GoWest Credit Union Association
- Troy Stang, President/CEO
- Website: gowestassociation.org
PRIVATE SHARE INSURANCE: No
2023 STATS
- Largest SCU: BOEING EMPLOYEES CU $29.87B in assets
- Largest FCU: FIBRE FCU $1.63B in assets
Fourth Quarter 2023 | SCUs | FCUs | Total CUs | % of SCUs/Total |
---|---|---|---|---|
Total Credit Unions | 48 | 28 | 76 | 63.16% |
Credit Union Members | 4.51M | 0.29M | 4.8M | 93.95% |
Credit Union Assets | $84.52B | $4.78B | $89.3B | 94.64% |
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
Global Federal Credit Union Buying $1.5 Billion-Asset Washington Bank
In a deal that, if completed, would represent the largest bank to be bought by a credit union, Global Federal Credit Union has agreed to acquire the $1.5 billion asset First Financial Northwest Bank. The $11.8 billion-asset Global, which was formerly known as Alaska USA Federal Credit Union, said it will pay $231.2 million in cash for the Renton, Washington-based bank.
STORY ARCHIVE
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