Seattle Credit Union

What Seattle Credit Union does

Seattle Credit Union is a member-owned, not-for-profit financial cooperative founded in 1933 and headquartered in Seattle, Washington. The institution serves Washingtonians across consumer and business segments via a Washington-state branch network, a Fiserv-powered mobile app and online banking portal, and an ATM network via the CO-OP Shared partnership. It operates under NCUA charter with NMLS #464295 and holds three notable federal designations: CDFI certification, NCUA Low-Income Credit Union status, and the Juntos Avanzamos accreditation for serving the Hispanic community (one of only 134 credit unions nationwide with the latter). The institution sells standard retail banking products including checking, savings, CDs, credit cards, vehicle loans, mortgages, home equity loans/HELOCs, personal loans, plus differentiated niche offerings such as Lightning Loans (sub-minute origination), Citizenship Loans, Restart Checking, ITIN-based Path to Ownership mortgages, and interest-free auto loans.

Revenue is generated primarily through net interest income on loans (mortgages, auto, personal, home equity, commercial, and construction) supplemented by transaction fees on overdraft, ATM, and wire transfer services. In 2024 the credit union originated $79M in small business loans, $48M in CDFI development loans, $48M in auto loans, and $22M in first-time homebuyer mortgages, while distributing $12M in member dividends — double the prior year's payout. Distribution spans physical branches, mobile app, online platform, contact center, and bilingual (English/Spanish) community channels, with marketing concentrated on financial education, community events (200 in 2025), and 70+ community partnerships. Strategic partnerships include BALANCE and GreenPath for financial counseling, Amazon for affordable housing senior lending, and C&A Development for the Pointe at Thomas Apartments project. The 2025-launched SeattleCU Foundation operates as an affiliated 501(c)(3) for micro-grants and mission-aligned community investment.

Name

Seattle Credit Union

Legal name

Seattle Credit Union

Website

https://seattlecu.com

Company type

Private

Founded year

1933

Operating status

Operating

Headcount range

101–250 employees

Short description

Seattle Credit Union is a member-owned, not-for-profit financial cooperative founded in 1933 that serves Washington State consumers and businesses through branches, a Fiserv-powered mobile and online platform, and CDFI-certified community lending including ITIN mortgages and affordable housing finance.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Credit Unions (522130), Credit Card Issuing (522210), Commercial Banking (52211)

SIC

Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industries

Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF), Co-Branded Credit Cards (FSAKABAB)

Keywords

• Consumer banking services
• Community credit union
• Mortgage lending
• Small business lending
• Community development finance

Headquarters

HQ city

Seattle

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income: Credit union generates revenue primarily through interest earned on loans including mortgages, auto loans, personal loans, home equity loans, and commercial loans.
2. Fee-based Income: Various account and service fees including overdraft fees, ATM fees, wire transfer fees, and other banking service charges.
3. Construction and Commercial Lending: Provides construction capital and commercial loans to development projects and local businesses.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Seattle Credit Union is a not-for-profit, member-owned financial cooperative providing consumer and business banking products including checking and savings accounts, certificates of deposit, credit cards, vehicle loans, home loans, personal loans, and commercial lending. It serves Washington State residents through physical branches, online banking, and a Fiserv-powered mobile app, with a focus on financial inclusion, ITIN-based mortgages for non-citizens, bilingual services, and community development lending as a CDFI-certified institution.

Product overview

Seattle Credit Union operates as a not-for-profit, full-service financial institution offering a comprehensive suite of banking products organized into three main segments: consumer banking (checking, savings, certificates, credit cards, and loans including personal, vehicle, home, home equity, Lightning Loans, and Citizenship Loans), business banking (checking, savings, certificates, small business loans, and commercial loans), and digital banking services (online banking, mobile banking app powered by Fiserv, and Credit Sense credit monitoring). The institution differentiates through member-focused products like the Feel Good Checking (which gives back to the community), ITIN-based mortgages for non-citizens, interest-free auto loans for members with religious objections to interest, and community partnerships providing financial counseling through BALANCE and GreenPath. The product architecture is a unified credit union platform with modular add-on services rather than a multi-product platform structure.

Differentiator

Problem solved

Functional benefit

Brands

• Seattle Credit Union App: Mobile banking application powered by Fiserv for managing credit and debit cards, viewing transactions, making transfers, and depositing checks.

Products and services

• Seattle Credit Union Mobile App
• Online Banking
• Checking Accounts
• Savings Accounts
• Certificates of Deposit
• Credit Cards
• Vehicle Loans
• Home Loans
• Personal Loans
• Line of Credit
• Lightning Loans
• Citizenship Loans
• Business Checking Accounts
• Business Savings Accounts
• Business Certificates
• Small Business Loans
• Commercial Loans
• Youth Banking
• Insurance
• Home Equity Loans and HELOCs

Quantifiable outcome

• $79 million in small business loans in 2024
• +7 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Four partnerships are on record, tiered major and core.

• C&A DevelopmentmajorStrategic or Co-development Partner · 15 June 2026Real estate development firm partnering with Amazon and Seattle Credit Union on The Pointe at Thomas Apartments project providing 67 affordable homes for households earning 40%-80% of Area Median Income.
• BALANCEcoreStrategic or Co-development PartnerPartnership with BALANCE for free, confidential financial counseling. BALANCE provides expert advice on credit issues, money management, debt management, housing and foreclosure prevention. Available to members at no cost.
• GreenPath Financial WellnesscoreStrategic or Co-development PartnerPartnership with GreenPath Financial Wellness for financial counseling, personalized guidance, and educational resources. Many services are free; GreenPath also offers specialized programs that may include a fee. GreenPath advisors are NFCC and HUD-certified.
• SeattleCU FoundationcoreStrategic or Co-development PartnerIndependent 501(c)(3) foundation backed by Seattle Credit Union and the community. Supports underserved households, small businesses, immigrants, and marginalized communities. Awarded first round of micro-grants in October 2025 with 20 micro-grants distributed to mission-aligned initiatives.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• BECU: Washington State-based member-owned credit union serving consumers and small businesses with a full suite of deposit and lending products. BECU is the largest credit union in Washington and the most direct community-credit-union peer, sharing the same not-for-profit, member-aligned model.
• Sound Credit Union: Washington State community credit union offering consumer and business banking, mortgages, and digital channels. Similar asset size and Pacific Northwest footprint make it one of the closest direct comparables for Seattle Credit Union.
• Self-Help Federal Credit Union: CDFI-certified community development credit union with deep expertise in serving underserved, immigrant, and minority communities. Comparable mission orientation, CDFI designation, and impact-lending focus (including ITIN-style programs).
• Verity Credit Union: Seattle-based community credit union with strong values-based and community-impact orientation, similar in size and philosophy to Seattle Credit Union. Highly comparable on mission, ESG framing, and local-market focus.
• Global Credit Union: Pacific Northwest community credit union serving members across multiple states with consumer and business banking products. Comparable community-CU structure and regional Pacific Northwest footprint.
• OnPoint Community Credit Union: Oregon-based community credit union serving the Pacific Northwest with consumer, mortgage, and business banking. Comparable full-service community-CU model with similar member-impact positioning.
• Washington State Employees Credit Union (WSECU): Statewide Washington credit union serving consumers and public-sector employees with deposit, lending, and digital banking products. Comparable member-owned model and geographic concentration in Washington State.
• Alaska USA Federal Credit Union: Pacific Northwest / Alaska-region community credit union offering consumer and business banking, mortgages, and member services. Comparable not-for-profit, community-focused model with a comparable geographic concentration.
• Kitsap Credit Union: Washington State-based community credit union with a comparable not-for-profit, member-owned model and similar size and product set. Direct peer in the same geography serving similar consumer and small-business segments.

Broad incumbents

• First Tech Federal Credit Union: Large national credit union with deep digital-banking capabilities and consumer/business lending products. Comparable member-owned model but with significantly greater scale, geographic reach, and technology investment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/seattlecu
• YouTubeyoutube.com/seattlecreditunion
• Facebookfacebook.com/SeattleCreditUnion
• LinkedInlinkedin.com/company/seattle-credit-union
• Instagraminstagram.com/seattlecreditunion

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Seattle Credit Union