TellerScore

Headquartered in Bellevue, Washington, Puget Sound Cooperative is a federally insured state-chartered credit union with $273.8M in total assets and $240.9M in member shares and deposits as of Q2 2026. It operates 4 offices. Its charter dates back to 1936.

Based on its Q2 2026 filing, Puget Sound Cooperative scores 65/100, which we describe as moderate. That is higher than only 34% of 1,341 credit unions with $100 million – $1 billion. Among 73 credit unions headquartered in Washington, it ranks 48th. Its strongest component is problem-loan coverage (92/100; 3.8%), and its lowest is earnings (29/100; 0.23%).

TellerScore · Q2 2026

Scorecard

Capital cushion62/100
Net worth ratio: 11.23%
Loan quality81/100
Loans 60+ days delinquent ÷ total loans: 0.57%
Earnings29/100
Return on assets (annualized): 0.23%
Funding & liquidity76/100
Loans ÷ shares: 83.8% · 13.6% uninsured
Problem-loan coverage92/100
Delinquent loans + foreclosed assets ÷ (net worth + loan-loss reserves): 3.76%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score rose 7 points (58 → 65), mostly because the capital cushion component improved by 29 points.

TellerScore
556268Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202455
Q3 202456
Q4 202456
Q1 202557
Q2 202558
Q3 202558
Q4 202568
Q1 202664
Q2 202665
Net worth ratio
7.00%9.14%11.29%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNet worth ratio
Q2 20247.97%
Q3 20248.12%
Q4 20247.96%
Q1 20257.95%
Q2 20258.29%
Q3 20258.46%
Q4 202511.29%
Q1 202610.93%
Q2 202611.23%
Delinquent loans (60+ days)
0.23%0.42%0.61%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterDelinquent loans (60+ days)
Q2 20240.23%
Q3 20240.26%
Q4 20240.26%
Q1 20250.27%
Q2 20250.27%
Q3 20250.39%
Q4 20250.45%
Q1 20260.61%
Q2 20260.57%
Return on assets
0.18%0.35%0.52%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.18%
Q3 20240.26%
Q4 20240.27%
Q1 20250.27%
Q2 20250.35%
Q3 20250.41%
Q4 20250.52%
Q1 20260.25%
Q2 20260.23%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202665$273.8M11.23%0.57%0.23%83.8%
Q1 202664$280.0M10.93%0.61%0.25%85.2%
Q4 202568$269.5M11.29%0.45%0.52%93.2%
Q3 202558$257.5M8.46%0.39%0.41%98.7%
Q2 202558$258.5M8.29%0.27%0.35%98.8%
Q1 202557$266.4M7.95%0.27%0.27%96.8%
Q4 202456$263.6M7.96%0.26%0.27%99.9%
Q3 202456$255.7M8.12%0.26%0.26%104.7%
Q2 202455$257.4M7.97%0.23%0.18%105.0%

1,341 peers · $100 million – $1 billion

How it compares with peers

Percentile against credit unions of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio11.23%
47th
Problem loans0.57%
58th
Net charge-offs0.12%
82nd
Return on assets0.23%
12th
Loans to deposits83.8%
31st
Uninsured deposits13.6%
7th
Loan-loss reserves0.00%
50th
Texas ratio3.8%
53rd

Similar-size credit unions in Washington

InstitutionScoreAssetsCapitalProblem loansCompare
People'S Community Federal Credit UnionCredit union Vancouver, WA71 out of 100, Strong$269.1M15.5%2.32%vs
Peninsula Community Federal Credit UnionCredit union Shelton, WA68 out of 100, Moderate$304.2M11.7%1.06%vs
Northwest Plus Credit UnionCredit union Everett, WA77 out of 100, Strong$315.2M13.6%0.80%vs
Canopy Federal Credit UnionCredit union Spokane, WA51 out of 100, Below average$222.0M9.0%0.86%vs
Great Northwest Federal Credit UnionCredit union Aberdeen, WA86 out of 100, Very strong$374.8M17.1%0.75%vs
Industrial CU of Whatcom County Credit UnionCredit union Bellingham, WA75 out of 100, Strong$391.6M12.1%0.26%vs

Deposit insurance

Is my money safe at Puget Sound Cooperative?

Yes. Puget Sound Cooperative is a federally insured credit union (NCUA charter #68204). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.

An estimated 13.6% of shares and deposits ($32.8M) are above the $250,000 NCUA insurance limit, above the peer median of 6%. Insured balances are protected regardless of the score.

The net worth ratio is 11.23%, above the 7% level regulators use as the "well capitalized" benchmark for this measure.

Check how much of your own balance is covered

4 locations

Branches

Puget Sound Cooperative lists 4 offices in 4 cities. Most locations:

All branch addresses and map

Identity & history

Profile

Legal name
Puget Sound Cooperative
Type
Federally insured state-chartered credit union
NCUA charter #
68204
RSSD ID
190796
Primary regulator
State + NCUA
Established
1936
Headquarters
11201 SE 8th St, Suite 208, Bellevue, WA 98004
Employees
34

Quick answers

Puget Sound Cooperative: common questions

Is Puget Sound Cooperative NCUA insured?

Yes. Puget Sound Cooperative is a federally insured credit union (NCUA charter #68204). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.

What is Puget Sound Cooperative's TellerScore?

65 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

How many branches does Puget Sound Cooperative have?

4 offices as of the latest NCUA data.

Nearby

Highest-scoring banks and credit unions with branches near Bellevue

InstitutionScoreAssetsCapitalProblem loansCompare
Topeka Firemen'S Credit UnionCredit union Topeka, KS92 out of 100, Very strong$11.7M25.8%0.03%vs
Cascade Federal Credit UnionCredit union Kent, WA88 out of 100, Very strong$392.6M13.3%0.79%vs
American Continental BankBank City Of Industry, CA87 out of 100, Very strong$385.3M16.2%0.37%vs
GBC International BankBank Los Angeles, CA83 out of 100, Strong$658.5M15.9%0.26%vs
Our Community Credit UnionCredit union Shelton, WA82 out of 100, Strong$638.3M12.7%0.48%vs
Beal Bank USABank Las Vegas, NV80 out of 100, Strong$11.0B21.9%0.78%vs