One Washington Financial
One Washington Financial is the holding company for WSECU, a Washington State credit union, and invests in credit-union-focused fintechs and CUSOs delivering AI-powered balance sheet analytics, earned wage access, and small-business tools to credit unions nationwide.
- Company typePrivate
- Founded2015
- HeadquartersOlympia, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What One Washington Financial does
One Washington Financial (OWF) is the holding company for Washington State Employees Credit Union (WSECU), a federally chartered credit union headquartered in Olympia, Washington. WSECU operates a full-service retail banking platform — including checking, savings, credit cards, mortgages, auto loans, business banking, and insurance — distributed through 25 owned branches in Washington State plus access to over 5,000 shared branches and 30,000+ ATMs nationwide via the CO-OP network. WSECU has been named Forbes Best-In-State Credit Union for five consecutive years and serves individual and small-business members as its primary customer base.
Beyond traditional credit union operations, OWF functions as a Credit Union Service Organization (CUSO) formation and investment vehicle. OWF leads the formation of CUSOs to deliver technology and services — notably AI-powered balance sheet analytics through Delfi Labs, early-stage fintech acceleration through Papilio Collective, and small-business, earned-wage-access, and debt-recovery capabilities through investments in Goodbuy, Reset, and Remynt respectively. Its business model combines equity ownership and board representation in portfolio fintechs with capital deployment and consulting services provided alongside partner credit unions.
OWF generates revenue through equity returns on CUSO and fintech investments, fees from CUSO formation and management activities, and a share of the financial-services economics flowing through WSECU's consumer banking franchise. The company's primary customer segments are credit unions nationwide (as a B2B CUSO investor and partner) and individual and small-business members in Washington State (as retail banking customers). GTM is predominantly partnership-driven, relying on co-investment with peer credit unions and embedded distribution through WSECU's branch, shared-branch, and digital channels.
One Washington Financial firmographics
Firmographics- Name
- One Washington Financial
- Legal name
- Washington State Employees Credit Union
- Website
- https://onewashingtonfinancial.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- One Washington Financial is the holding company for WSECU, a Washington State credit union, and invests in credit-union-focused fintechs and CUSOs delivering AI-powered balance sheet analytics, earned wage access, and small-business tools to credit unions nationwide.
- Ownership category
- akta.pro rank
One Washington Financial industry classification
Industry- Product category
- Credit Union Services
- NAICS
- Credit Unions (522130)
- SIC
- Savings Institution, Federally Chartered (6035)
- akta.pro primary industry
- Public Sector & Municipal Credit Unions (FSABAEAK)
- akta.pro secondary industries
- Employer/Occupational Credit Unions (FSABAEAB), Regulatory Reporting & Compliance Operations (Ops support for reporting, audits, exams) (FSABALAM)
Keywords
Where One Washington Financial is headquartered
LocationHeadquarters
- HQ city
- Olympia
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
One Washington Financial business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- CUSO Investment Returns: One Washington Financial invests in fintech companies and CUSOs as a holding company, generating returns through equity stakes and board representation in portfolio companies.
- Credit Union Financial Services: As the holding company of Washington State Employees Credit Union (WSECU), OWF facilitates financial services including loans, deposits, credit cards, and insurance to members.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels3 records
One Washington Financial product offering
Product offeringCore offering
One Washington Financial is the holding company of Washington State Employees Credit Union (WSECU) and operates as a Credit Union Service Organization (CUSO), investing in and partnering with fintech companies that serve the credit union ecosystem. Through WSECU, it delivers consumer and business banking products including checking, savings, loans, credit cards, and insurance to members in Washington State, while leading CUSO initiatives that bring AI-powered balance sheet analytics to smaller credit unions nationwide.
Product overview
One Washington Financial (OWF) is a holding company subsidiary of Washington State Employees Credit Union (WSECU). It does not appear to offer a standalone product portfolio; rather, its primary activities involve strategic investments in fintech companies and credit union ecosystem partnerships. The core financial products and services referenced are offered through WSECU itself, which operates as a full-service credit union providing consumer banking, lending, and financial services to members in Washington State.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Checking
- Personal Savings & Money Market
- Credit Cards
- Mortgage Loans
- Personal Loans & Lines of Credit
- Auto & Vehicle Loans
- Business Banking
- Insurance Products
- Investment & Retirement Planning
- CUSO Formation & Investment Services
Quantifiable outcome
- Cardholders generate 27% increase in deposits, 36% higher checking balances, and 20% more interchange revenue for their credit union
Companies that use One Washington Financial
Customer profileSegments1 record
Ideal customer profiles2 records
One Washington Financial technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
One Washington Financial partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship and core.
- Delfi Labs Inc.flagshipOWF leads a new CUSO with Delfi Labs Inc. to deliver AI-powered balance sheet analytics and asset-liability management solutions to credit unions nationwide. Maps Credit Union joined as an early investor and adopter. The CUSO aims to give smaller institutions access to tools typically available to larger banks.
- Papilio CollectivecorePartnership to strengthen collaboration between credit unions and fintechs by providing early-stage fractional services alongside funding. Papilio Collective contributes AI-powered data science and human insight capabilities, while OWF provides consulting expertise in finance, product, marketing, pricing, and member experience.
Scale indicators3 records
Recent moves5 records
Expansion highlights4 records
One Washington Financial competitors and assessment
Company assessmentDirect peers
- CO-OP Financial Services (Co-op Solutions): One of the largest credit union service organizations (CUSOs) in the U.S., providing payments, shared branching, and technology services to thousands of credit unions. Directly comparable to OWF as a CUSO operator serving the credit union ecosystem.
- Velera (formerly PSCU): CUSO providing credit and debit processing, fraud, and digital services exclusively to credit unions. Comparable to OWF as a credit-union-owned CUSO delivering core fintech capabilities.
- Curql (formerly CULS): A CUSO fund backed by credit unions to invest in fintech startups. Directly comparable to OWF's fintech investment and CUSO-formation strategy.
- Maps Credit Union: Oregon-based credit union that co-invested with OWF in the Delfi Labs CUSO and is an early adopter. Comparable as a peer credit union also operating CUSO and fintech investment activities.
- Boeing Employees Credit Union (BECU): Large Washington State-based occupational credit union serving Boeing employees and the broader community. Comparable as a peer credit union of similar scale in the same regional market.
- First Tech Federal Credit Union: Large occupational credit union serving technology employees, with national reach and digital-first operations. Comparable as a peer credit union with similar occupational/employer-based membership model.
Broad incumbents
- TruStage: CUNA Mutual-affiliated CUSO offering insurance, investment, and lending solutions to credit unions and their members. Comparable as a broad CUSO serving the credit union ecosystem.
- Jack Henry & Associates: Major core banking and digital technology provider serving credit unions and community banks. Comparable to OWF's technology enablement role for smaller credit unions, but at a much larger scale.
- Fiserv: Global financial technology provider offering core banking, payments, and digital services to credit unions and banks. Comparable as an incumbent competitor providing technology that OWF's CUSO offerings may replace or augment.
Others
- Filene Research Institute: Independent credit union research and incubator organization supporting innovation in the credit union movement. Comparable as an ecosystem enabler relevant to OWF's CUSO and fintech innovation strategy.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
One Washington Financial social profiles
Digital presenceOne Washington Financial financial estimates
Financial estimateRevenue estimate
Valuation estimate
One Washington Financial leadership team
Management profileNumber of profiles
Profiles1 record
One Washington Financial subsidiaries and ownership
Company hierarchySubsidiaries1 record
One Washington Financial funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
One Washington Financial M&A and investment
M&A and investmentM&A
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about One Washington Financial
What does One Washington Financial do?
One Washington Financial is the holding company of Washington State Employees Credit Union (WSECU) and operates as a Credit Union Service Organization (CUSO), investing in and partnering with fintech companies that serve the credit union ecosystem. Through WSECU, it delivers consumer and business banking products including checking, savings, loans, credit cards, and insurance to members in Washington State, while leading CUSO initiatives that bring AI-powered balance sheet analytics to smaller credit unions nationwide.
Is One Washington Financial a public or private company?
One Washington Financial is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was One Washington Financial founded?
One Washington Financial was founded in 2015. It employs 11 to 50 people.
Where is One Washington Financial based?
One Washington Financial is headquartered in Olympia, United States, in the North America region.
How does One Washington Financial make money?
Two revenue lines are on record. CUSO Investment Returns are the primary driver. The others are credit Union Financial Services.
Who are One Washington Financial's main competitors?
Direct peers on record are CO-OP Financial Services (Co-op Solutions), Velera (formerly PSCU), Curql (formerly CULS), Maps Credit Union, Boeing Employees Credit Union (BECU) and First Tech Federal Credit Union. Broad incumbents are TruStage, Jack Henry & Associates and Fiserv. Filene Research Institute is listed as an others.
Does One Washington Financial have an API?
No public API is recorded for One Washington Financial.
What industry is One Washington Financial in?
One Washington Financial's product category is Credit Union Services. Its primary akta.pro industry code is FSABAEAK, Public Sector & Municipal Credit Unions, with a secondary code of FSABAEAB, Employer/Occupational Credit Unions. Its NAICS code is 522130 and its SIC code is 6035.