Seattle Credit Union Explained

Seattle Credit Union
Type:Credit union
Industry:Financial services
Area Served:Seattle, Washington
Products:Savings
checking; consumer loans; mortgages; credit cards; C&I loan; investments; online banking
Assets:$833,839,034[1]
Members:46,733 members[2]
Foundation:1933
Location:Seattle, Washington, United States
Locations:9
Homepage:seattlecu.com

Seattle Credit Union is a United States credit union headquartered in Seattle, Washington, chartered and regulated under the authority of the National Credit Union Administration (NCUA).

History

Seattle Metropolitan Credit Union (DBA Seattle Credit Union) was founded by Seattle municipal employees in 1933 under the name City Credit Union, before taking its current name in 1997.[3] In 2003 the credit union merged with the Teamsters' Credit Union, acquiring $11 million in assets, 3,100 new members, and a single branch location on Seattle's Denny Way.[4] Another merger took place in 2007, with Credit Union Northwest.[5] In 2015, the credit union merged with Northwest Baptist Federal Credit Union.[6]

As of 2015, the chief executive officer of Seattle Credit Union is Richard Romero.[7] In 2016 the company began offering loans for people to submit and maintain their citizenship applications.[8] In 2017 the company dropped the “Metropolitan” from its official name, becoming Seattle Credit Union. At the same time, the company changed its logo and renovated some branches.[9] That year they were also designated a Juntos Avanzamos institution.[10]

Locations

Seattle Credit Union's headquarters is located on 1st Avenue South in Seattle. In addition to its administrative headquarters, Seattle Credit Union operates eight branches in Beacon Hill, Burien, Downtown Seattle, Lynnwood, Northgate, Southcenter, and Tacoma.[11]

Products & Services

Seattle Credit Union is a lender for commercial, residential, and personal loans and mortgages, and is a credit card provider, and issues checking and savings accounts.

Notes and References

  1. Web site: Credit Union Data And Trends. credituniondirectory.net.
  2. Web site: Credit Union Details. mapping.ncua.gov.
  3. News: Richard Romero chosen as Seattle Metropolitan Credit Union CEO. 6 January 2014. Seattle Business Journal. 31 January 2012.
  4. News: Seattle Metropolitan Credit Union acquires Teamsters' Credit Union. 6 January 2014. Puget Sound Business Journal. 3 September 2003.
  5. News: Seattle Metropolitan CU and CU Northwest to Merge in June. 6 January 2015. Credit Union Times. 25 April 2007.
  6. Web site: $3 Million Northwest Baptist FCU Merges Into Seattle Metro . Michael Bartlett . October 5, 2015 . Credit Union Journal.
  7. Web site: CREDIT UNION INFORMATION. ncua.gov. National Credit Union Administration. March 2017.
  8. Web site: Seattle, credit union launch loan program to help immigrants gain U.S. citizenship. 10 August 2016.
  9. Web site: Seattle Credit Union drops Metropolitan from name. Credit Union Journal.
  10. Web site: Seattle Metro Earns Juntos Avanzamos Designation . CU Today. CUToday.
  11. Web site: Seattle Metropolitan Credit Union Locations of 9 Branch Offices. www.creditunionsonline.com.