TellerScore

Salal Credit Union is a federally insured state-chartered credit union headquartered in Seattle, Washington, in business for about 78 years. At the end of Q2 2026 it reported $1.2B in total assets and $1.0B in member shares and deposits, with 5 offices.

Based on its Q2 2026 filing, Salal Credit Union scores 57/100, which we describe as moderate. That is higher than only 17% of 454 credit unions with $1 billion – $10 billion. Among 73 credit unions headquartered in Washington, it ranks 64th. Its strongest component is problem-loan coverage (89/100; 5.3%), and its lowest is earnings (42/100; 0.56%).

TellerScore · Q2 2026

Scorecard

Capital cushion42/100
Net worth ratio: 9.19%
Loan quality80/100
Loans 60+ days delinquent ÷ total loans: 0.60%
Earnings42/100
Return on assets (annualized): 0.56%
Funding & liquidity48/100
Loans ÷ shares: 93.8% · 31.8% uninsured
Problem-loan coverage89/100
Delinquent loans + foreclosed assets ÷ (net worth + loan-loss reserves): 5.33%

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 5 points (52 → 57), mostly because the earnings component improved by 20 points.

TellerScore
515457Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202455
Q3 202456
Q4 202456
Q1 202553
Q2 202552
Q3 202553
Q4 202551
Q1 202655
Q2 202657
Net worth ratio
7.00%8.09%9.19%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNet worth ratio
Q2 20248.70%
Q3 20248.81%
Q4 20248.66%
Q1 20258.65%
Q2 20258.80%
Q3 20258.95%
Q4 20258.96%
Q1 20269.02%
Q2 20269.19%
Delinquent loans (60+ days)
0.31%0.57%0.83%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterDelinquent loans (60+ days)
Q2 20240.31%
Q3 20240.32%
Q4 20240.37%
Q1 20250.42%
Q2 20250.66%
Q3 20250.57%
Q4 20250.83%
Q1 20260.69%
Q2 20260.60%
Return on assets
-0.07%0.24%0.56%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.05%
Q3 20240.09%
Q4 20240.13%
Q1 2025-0.07%
Q2 20250.04%
Q3 20250.07%
Q4 20250.20%
Q1 20260.40%
Q2 20260.56%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202657$1.2B9.19%0.60%0.56%93.8%
Q1 202655$1.2B9.02%0.69%0.40%92.6%
Q4 202551$1.2B8.96%0.83%0.20%94.5%
Q3 202553$1.1B8.95%0.57%0.07%91.0%
Q2 202552$1.2B8.80%0.66%0.04%89.1%
Q1 202553$1.2B8.65%0.42%-0.07%87.6%
Q4 202456$1.2B8.66%0.37%0.13%89.3%
Q3 202456$1.1B8.81%0.32%0.09%92.2%
Q2 202455$1.2B8.70%0.31%0.05%92.0%

454 peers · $1 billion – $10 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 ratio9.19%
14th
Problem loans0.60%
60th
Net charge-offs0.75%
27th
Return on assets0.56%
26th
Loans to deposits93.8%
31st
Uninsured deposits31.8%
0th
Loan-loss reserves0.00%
50th
Texas ratio5.3%
43rd

Similar-size credit unions in Washington

InstitutionScoreAssetsCapitalProblem loansCompare
Seattle Metropolitan Credit UnionCredit union Seattle, WA60 out of 100, Moderate$1.2B11.5%0.63%vs
Red Canoe Credit UnionCredit union Longview, WA72 out of 100, Strong$1.2B12.3%0.60%vs
Fibre Federal Credit UnionCredit union Longview, WA75 out of 100, Strong$1.8B13.7%0.96%vs
Horizon Credit UnionCredit union Spokane Valley, WA75 out of 100, Strong$2.0B13.1%0.27%vs
Iq Credit UnionCredit union Vancouver, WA70 out of 100, Strong$2.2B11.3%0.79%vs
Kitsap Credit UnionCredit union Bremerton, WA54 out of 100, Below average$2.5B8.3%0.79%vs

Deposit insurance

Is my money safe at Salal Credit Union?

Yes. Salal Credit Union is a federally insured credit union (NCUA charter #66349). 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 31.8% of shares and deposits ($323.5M) are above the $250,000 NCUA insurance limit, above the peer median of 9%. Insured balances are protected regardless of the score.

The net worth ratio is 9.19%, above the 7% level regulators use as the "well capitalized" benchmark for this measure.

Check how much of your own balance is covered

5 locations

Branches

Salal Credit Union lists 5 offices in 3 cities. Most locations:

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, Salal Credit Union reported 81 home-loan applications under HMDA (LEI 5493000BAKE4VAHVCU55): 40 originated ($21,340,000 total), 6 denied, and 30 withdrawn or closed by the applicant. Its denial rate on decided applications was 11.8%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Identity & history

Profile

Legal name
Salal Credit Union
Type
Federally insured state-chartered credit union
NCUA charter #
66349
RSSD ID
706290
Primary regulator
State + NCUA
Established
1948
Headquarters
9706 4th Ave NE Ste 400, Seattle, WA 98115
Employees
222

Quick answers

Salal Credit Union: common questions

Is Salal Credit Union NCUA insured?

Yes. Salal Credit Union is a federally insured credit union (NCUA charter #66349). 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 Salal Credit Union's TellerScore?

57 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 Salal Credit Union have?

5 offices as of the latest NCUA data.

Nearby

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