Charter 60042 · Olympia, WA
Washington State Employees Credit Union
Washington State Employees Credit Union is a state-chartered credit union in Olympia, Washington, with $5.09 billion in assets and 323,382 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 9.89%, well above the 7% that NCUA's rules treat as well capitalized.
Also does business as One Washington Financial LLC, WSECU, WSECU INSURANCE SERVICES, WSECU INVESTMENT MANAGEMENT.
- Total assets
- $5.09 billion
- -0.6% in a year
- Members
- 323,382
- +1.0% in a year
- Net worth ratio
- 9.89%
- Peer median 10.79%
- Loans 60+ days late
- 0.80%
- Peer median 0.67%
- Loans outstanding
- $3.92 billion
- -3.5% in a year
- Shares and deposits
- $4.54 billion
- +2.6% in a year
- Branches
- 28
- 828 employees
- Opened
- 1957
- Washington charter
How Washington State Employees Credit Union compares
NCUA groups credit unions by size; Washington State Employees Credit Union is in the group with $500 million and up (759 credit unions). Its net worth ratio of 9.89% is lower than that group's median of 10.79%, and its share of loans 60 or more days past due, 0.80%, is higher than the group median of 0.67%. Loans fell 3.5% over the year to Q2 2026, against a group median of 5.3% growth.
By assets it ranks 4 of 73 credit unions headquartered in Washington. See all Washington credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $5.09 billion | 323,382 | $3.92 billion | 9.89% | 0.80% |
| Q1 2026 | $5.11 billion | 319,691 | $3.94 billion | 9.71% | 0.69% |
| Q4 2025 | $5.09 billion | 317,039 | $4.00 billion | 9.77% | 0.72% |
| Q3 2025 | $5.09 billion | 319,868 | $4.04 billion | 9.75% | 0.58% |
| Q2 2025 | $5.12 billion | 320,296 | $4.06 billion | 9.53% | 0.52% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 8.0 million potential members. It holds NCUA's low-income designation, which lets it accept non-member deposits and raise secondary capital.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 25 sites for Washington State Employees Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- CHEHALIS
1725 Nw Louisiana Ave, Chehalis, WA 98532 - EVERETT
404 128Th St Sw, Everett, WA 98204 - LACEY CREDIT UNION CENTER
4540 6Th Ave Se, Lacey, WA 98503 - LAKEWOOD
9540 Bridgeport Way Sw, Lakewood, WA 98499 - MEDICAL LAKE
205 E Highway 902 Ste 205, Medical Lake, WA 99022 - OLYMPIA MARTIN WAY
4245 Martin Way E, Olympia, WA 98516 - OLYMPIA WESTSIDE
2006 Harrison Ave Nw, Olympia, WA 98502 - PULLMAN CUB
1500 Ne Terrell Mall, Pullman, WA 99164 - PULLMAN BISHOP
405 Se Bishop Blvd, Pullman, WA 99163 - SEATTLE UNIVERSITY
1121 Ne 45Th St, Seattle, WA 98105 - SPOKANE
2523 W Northwest Blvd, Spokane, WA 99205 - SPOKANE VALLEY
5211 E Sprague Ave, Spokane Valley, WA 99212 - TUMWATER TROSPER
575 Trosper Rd Sw Ste 104, Tumwater, WA 98512 - TUMWATER TOWN CENTER
100 71St Ave Sw, Tumwater, WA 98501 - YAKIMA
1400 Lakeside Ct Ste 101, Yakima, WA 98902 - OLYMPIA - MAIN OFFICE/HQ2 (main office)
330 Union Ave Se, Olympia, WA 98501 - SEATTLE FAIRVIEW
1500 Fairview Ave E Ste 100, Seattle, WA 98102 - PUYALLUP SOUTH HILL
17526 Meridian E Ste C106, Puyallup, WA 98375 - FEDERAL WAY DASH POINT
34024 Hoyt Rd Sw Ste H, Federal Way, WA 98023 - BELLEVUE
155 108Th Ave Ne Ste 100, Bellevue, WA 98004 - SPOKANE DIVISION
6301 N Division St, Spokane, WA 99208 - TACOMA JAMES
6909 S 19Th St Ste 23-A, Tacoma, WA 98466 - STATE HIGHWAY - UNION GAP
2632 Rudkin Rd, Union Gap, WA 98903 - ELLENSBURG
100 N Main St, Ellensburg, WA 98926 - HAWKS PRAIRIE
2390 Marvin Rd Ne, Lacey, WA 98516
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology