One Washington Financial

Credit Union Servicesonewashingtonfinancial.com

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

Credit union services
Consumer banking
Mortgage lending
Fintech investment
Asset-liability management

Where One Washington Financial is headquartered

Location

Headquarters

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 offering

Core 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 profile

Segments1 record

Ideal customer profiles2 records

One Washington Financial technology and API

Technology

Technology 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 signal

Partnerships

Two partnerships are on record, tiered flagship and core.

Delfi Labs Inc.flagshipStrategic or Co-development Partner · 3 February 2026OWF 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 CollectivecoreStrategic or Co-development Partner · 8 January 2026Partnership 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 assessment

Direct 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 financial estimates

Financial estimate

Revenue estimate

Valuation estimate

One Washington Financial leadership team

Management profile

Number of profiles

Profiles1 record

One Washington Financial subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

One Washington Financial funding detail

Funding detail

Funding 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 investment

M&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?

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.