Washington State Employees Credit Union (NCUA charter #60042) is based in Olympia, Washington. Its Q2 2026 call report shows $5.1B in total assets and $4.5B in member shares and deposits and 24 offices.
Based on its Q2 2026 filing, Washington State Employees Credit Union scores 59/100, which we describe as moderate. That is higher than only 22% of 454 credit unions with $1 billion – $10 billion. Among 73 credit unions headquartered in Washington, it ranks 58th. Its strongest component is problem-loan coverage (87/100; 6.7%), and its lowest is earnings (30/100; 0.25%).
TellerScore · Q2 2026
Scorecard
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 fell 2 points (61 → 59), mostly because the loan quality component weakened by 10 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 56 |
| Q3 2024 | 57 |
| Q4 2024 | 56 |
| Q1 2025 | 60 |
| Q2 2025 | 61 |
| Q3 2025 | 62 |
| Q4 2025 | 60 |
| Q1 2026 | 57 |
| Q2 2026 | 59 |
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| Quarter | Net worth ratio |
|---|---|
| Q2 2024 | 9.06% |
| Q3 2024 | 9.18% |
| Q4 2024 | 9.23% |
| Q1 2025 | 9.22% |
| Q2 2025 | 9.53% |
| Q3 2025 | 9.75% |
| Q4 2025 | 9.77% |
| Q1 2026 | 9.71% |
| Q2 2026 | 9.89% |
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| Quarter | Delinquent loans (60+ days) |
|---|---|
| Q2 2024 | 0.54% |
| Q3 2024 | 0.58% |
| Q4 2024 | 0.63% |
| Q1 2025 | 0.39% |
| Q2 2025 | 0.52% |
| Q3 2025 | 0.58% |
| Q4 2025 | 0.72% |
| Q1 2026 | 0.69% |
| Q2 2026 | 0.80% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.10% |
| Q3 2024 | 0.19% |
| Q4 2024 | 0.09% |
| Q1 2025 | 0.22% |
| Q2 2025 | 0.45% |
| Q3 2025 | 0.51% |
| Q4 2025 | 0.45% |
| Q1 2026 | -0.04% |
| Q2 2026 | 0.25% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 59 | $5.1B | 9.89% | 0.80% | 0.25% | 86.2% |
| Q1 2026 | 57 | $5.1B | 9.71% | 0.69% | -0.04% | 86.1% |
| Q4 2025 | 60 | $5.1B | 9.77% | 0.72% | 0.45% | 88.8% |
| Q3 2025 | 62 | $5.1B | 9.75% | 0.58% | 0.51% | 90.8% |
| Q2 2025 | 61 | $5.1B | 9.53% | 0.52% | 0.45% | 91.7% |
| Q1 2025 | 60 | $5.2B | 9.22% | 0.39% | 0.22% | 91.7% |
| Q4 2024 | 56 | $5.2B | 9.23% | 0.63% | 0.09% | 95.3% |
| Q3 2024 | 57 | $5.3B | 9.18% | 0.58% | 0.19% | 97.5% |
| Q2 2024 | 56 | $5.3B | 9.06% | 0.54% | 0.10% | 98.7% |
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).
Similar-size credit unions in Washington
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Numerica Credit UnionCredit union Spokane Valley, WA | 74 out of 100, Strong | $4.3B | 12.0% | 0.35% | vs |
| Peak Credit UnionCredit union Olympia, WA | 58 out of 100, Moderate | $4.2B | 11.3% | 1.22% | vs |
| Spokane Teachers Credit UnionCredit union Liberty Lake, WA | 57 out of 100, Moderate | $6.4B | 10.4% | 1.39% | vs |
| Sound Credit UnionCredit union Tacoma, WA | 63 out of 100, Moderate | $3.4B | 11.0% | 1.18% | vs |
| Whatcom Educational Credit UnionCredit union Bellingham, WA | 65 out of 100, Moderate | $3.4B | 11.2% | 0.69% | vs |
| Gesa Credit UnionCredit union Richland, WA | 59 out of 100, Moderate | $6.8B | 9.3% | 0.84% | vs |
Deposit insurance
Is my money safe at Washington State Employees Credit Union?
Yes. Washington State Employees Credit Union is a federally insured credit union (NCUA charter #60042). 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 13.8% of shares and deposits ($627.9M) 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 9.89%, above the 7% level regulators use as the "well capitalized" benchmark for this measure.
24 locations
Branches
Washington State Employees Credit Union lists 24 offices in 17 cities. Most locations:
- Olympia, WA (3)
- Lacey, WA (2)
- Pullman, WA (2)
- Seattle, WA (2)
- Spokane, WA (2)
- Tumwater, WA (2)
- Chehalis, WA (1)
- Ellensburg, WA (1)
- Everett, WA (1)
- Federal Way, WA (1)
- Lakewood, WA (1)
- Medical Lake, WA (1)
HMDA 2025
Mortgage lending
In 2025, Washington State Employees Credit Union reported 4,276 home-loan applications under HMDA (LEI 5493000FWM3I2HHQY149): 2,130 originated ($395,550,000 total), 1,840 denied, and 287 withdrawn or closed by the applicant. Its denial rate on decided applications was 46.1%, 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
- Washington State Employees Credit Union
- Type
- Federally insured state-chartered credit union
- NCUA charter #
- 60042
- RSSD ID
- 608198
- Primary regulator
- State + NCUA
- Established
- 1957
- Headquarters
- Po Box Wsecu, Olympia, WA 98507
- Employees
- 828
Quick answers
Washington State Employees Credit Union: common questions
Is Washington State Employees Credit Union NCUA insured?
Yes. Washington State Employees Credit Union is a federally insured credit union (NCUA charter #60042). 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 Washington State Employees Credit Union's TellerScore?
59 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 Washington State Employees Credit Union have?
24 offices as of the latest NCUA data.
Nearby
Highest-scoring banks and credit unions with branches near Olympia
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Wcla Credit UnionCredit union Olympia, WA | 86 out of 100, Very strong | $141.9M | 17.5% | 0.29% | vs |
| Armed Forces Bank, National AssociationBank Fort Leavenworth, KS | 83 out of 100, Strong | $1.4B | 13.9% | 1.21% | vs |
| Our Community Credit UnionCredit union Shelton, WA | 82 out of 100, Strong | $638.3M | 12.7% | 0.48% | vs |
| Sound Banking CompanyBank Lakewood, WA | 82 out of 100, Strong | $45.2M | 12.1% | 0.00% | vs |
| Qualstar Credit UnionCredit union Bothell, WA | 80 out of 100, Strong | $939.3M | 16.0% | 1.41% | vs |
| Timberland BankBank Hoquiam, WA | 78 out of 100, Strong | $2.1B | 12.9% | 0.56% | vs |