PSCCU

What PSCCU does

PSCCU (Puget Sound Cooperative Credit Union) is a Washington-chartered, NCUA-federally-insured member-owned credit union founded in 1934 as Puget Sound Power & Light Employees Credit Union and now operating as a community-chartered cooperative serving residents of Washington and Oregon. It runs a direct-to-consumer retail banking franchise with digital-first account opening and loan applications (olb.psccu.org, iOS/Android mobile app, Zelle, Bill Pay, CardValet, mobile deposit, SMS banking) and a physical distribution network of four branches in Bellevue (HQ), Renton, Vashon Island, and Eastsound on Orcas Island (the latter opened June 2025 after the August 2025 closure of Tacoma). Through the CO-OP Shared Branching network, members access 5,000+ shared branches and 30,000+ surcharge-free ATMs nationwide, giving the institution a national deposit-and-transaction footprint far beyond its owned branch count.

The product book spans savings, checking (GreenRewards Checking earning up to 4.07% APY on first $500 with environmental donations, Better-than-Basic Checking, business checking), certificates and IRAs, Visa credit and debit cards, mortgages (via Evergreen Home Loans partnership), home equity loans/lines, auto and recreational-vehicle loans, unsecured personal loans, and the differentiating Energy-Smart Loan program — green financing for solar, heat pumps, HVAC, windows, battery storage, and GreenUp loans for EVs and bicycles, distributed via partnerships with Avista, Energy Trust of Oregon, Washington State Department of Commerce, Snohomish County, Repower, and Sustainable Connections. PSCCU also monetizes ancillary services through TruStage (insurance) and Trust & Will (estate planning) partnerships, plus Love My Credit Union Rewards discounts (TurboTax, H&R Block).

Revenue mechanics are those of a classic cooperative spread business: net interest margin between deposit costs and loan yields (auto, mortgage, home equity, unsecured, and Energy-Smart green loans), supplemented by transaction and service fees (overdraft transfer $5, NSF $25, stop payment $20, wire $35, cashier's check $3), interchange from Visa debit/credit, and an increasing share of partnership/Affinity revenue from insurance and estate-planning channels. Membership economics are anchored by a $5 initial deposit, Wave Club cross-sell incentives, and a member-elected volunteer board. Quantified impact for 2024 includes $22.3M invested into the regional green economy, 800+ solar loans originated, and 1,576 households served — signals that the green-loan book is the primary growth engine within an otherwise traditional small-institution balance sheet.

Name

PSCCU

Legal name

Puget Sound Cooperative Credit Union

Website

https://psccu.org

Company type

Private

Founded year

1934

Operating status

Operating

Headcount range

1–10 employees

Short description

PSCCU is a Washington-chartered, NCUA-insured community credit union founded in 1934, serving 17,000+ members across Washington and Oregon through four branches and a digital-first platform. It offers deposit, lending, and a differentiating Energy-Smart green-loan franchise.

Ownership category

akta.pro rank

Product category

Credit Union Banking Services

NAICS

Credit Unions (52213), Credit Unions (522130)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

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

Keywords

• Retail banking services
• Credit union lending
• Community banking
• Energy efficient loans
• Green financing

Headquarters

HQ city

Bellevue

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain, Others

Revenue model

1. Interest Income from Loans: PSCCU generates primary revenue from interest charged on loan products including auto loans, mortgages, home equity loans, personal loans, credit cards, and specialized Energy-Smart/Solar loans. Interest rates vary by product type and creditworthiness.
2. Fee Income: Various account and transaction fees including overdraft fees ($5 transfer, $25 per item), NSF returned item fees ($25), stop payment fees ($20), wire transfer fees ($35 domestic, higher international), and other service charges.
3. Deposit Account Services: Members maintain savings accounts, checking accounts, IRAs, and certificates. PSCCU uses these deposits to fund loans to other members, generating interest margin as the primary cooperative business model.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

PSCCU (Puget Sound Cooperative Credit Union) is a member-owned financial cooperative providing retail banking services to Washington and Oregon residents. Its core offerings include deposit accounts (savings, checking, certificates, IRAs), consumer lending products (auto, home equity, mortgage, personal, Visa credit cards), and a distinctive portfolio of Energy-Smart Loans for solar panels, heat pumps, HVAC, and energy-efficiency upgrades. The credit union differentiates as 'Washington's Green Credit Union' through environmentally-focused products like GreenRewards Checking and GreenUp Loans for electric/hybrid vehicles, supported by a four-branch physical presence, a mobile and online banking platform, and access to the nationwide CO-OP Shared Branching network.

Product overview

PSCCU operates as a full-service credit union offering a comprehensive suite of financial products and digital banking services. The core product portfolio includes savings and checking accounts (GreenRewards Checking earning up to 4.07% APY, Better-than-Basic Checking), certificate accounts with Wave Club benefits, Visa credit and debit cards, and diverse lending products (auto loans, home equity loans, mortgages, Energy-Smart Loans for solar/energy efficiency, GreenUp Loans for eco-friendly vehicles, and personal loans). The digital banking platform encompasses Online Banking, Mobile Banking app, Bill Pay, eStatements, and CO-OP Shared Branching network access. Additional services include financial calculators, TruStage insurance products, Trust & Will estate planning, and TurboTax/H&R Block tax preparation discounts through Love My Credit Union Rewards. PSCCU differentiates through its socially-responsible and environmentally-focused mission, positioning as 'Washington's Green Credit Union' with programs supporting renewable energy and sustainability.

Differentiator

Problem solved

Functional benefit

Brands

• GreenRewards Checking: Socially-responsible checking account that earns up to 4.07% APY on first $500 and donates to environmental non-profits. Features debit card rewards and requires monthly activity for maximum returns.
• Energy-Smart Loans
• GreenUp Loans
• Wave Club
• Better-than-Basic Checking

Products and services

• Energy-Smart Loans Specialized loan program for energy efficiency and renewable energy projects including solar panels, heat pumps, air conditioners, windows, hot water tanks, generators, and battery storage. Available in Washington State and Oregon through partnerships with Avista, Energy Trust of Oregon, Washington State Department of Commerce, Snohomish County, Repower, and Sustainable Connections.
• GreenRewards Checking Socially-responsible checking account earning up to 4.07% APY on first $500 (then 0.15% APY above $500), with debit card rewards (1 point per $2 spent) and donations to The Mountains to Sound Greenway Trust. Requires monthly activity (12 debit transactions, eStatements, online/mobile banking, $1,000+ direct deposit) to earn maximum rate.
• Better-than-Basic Checking Free checking account with no minimum balance requirement, up to 0.10% APY earnings, FREE Visa Debit Card, Bill Pay, Online/Mobile Banking, eStatements, and optional overdraft protection. Available for personal and business accounts.
• Business Checking Business checking account available for sole proprietorships, LLCs, PLLCs, associations, and clubs with free debit card, mobile banking, Bill Pay, and no minimum balance requirement.
• Savings Accounts Regular savings accounts with $5 minimum deposit for membership, Holiday Club accounts, IRAs, and certificates with competitive APY rates available to members.
• Wave Club Certificates Membership program for members with primary checking and active Visa credit card, offering increased certificate rates (6-Month at 3.75% APY, 12-Month at 4.00% APY) and a 0.25% reduction in loan rates.
• Visa Platinum Credit Cards Visa Platinum credit cards with rates as low as 9.75% APR, accessible through Online Banking with payment functionality, alerts, and balance transfers. Variable rate based on creditworthiness.
• Auto Loans Vehicle loans for new electric vehicles as low as 4.74% APR, plus loans for boats, RVs, and motorcycles. GreenUp loans also available for electric, plug-in hybrid, and hybrid vehicles.
• GreenUp Loans Loans for bicycles and equipment, and auto loans for electric, plug-in hybrid, and hybrid vehicles supporting environmentally friendly transportation.
• Home Equity Loans & Lines of Credit Fixed-rate home equity loans up to $250,000 with no closing costs or application fees, with special 10-year term at 5.50% APR available to qualified borrowers.
• Mortgage Loans First mortgage loans offered through partnership with Evergreen Home Loans, with a dedicated Mortgage Loan Specialist supporting members through the home buying process.
• Personal & Signature Loans Unsecured personal loans for various needs including debt consolidation, home improvements, and unexpected expenses.
• Online Banking 24/7 access to all checking, savings, and loan accounts with transaction history, balance checking, bill pay, and ability to download history to financial software. Includes single sign-on to credit card management.
• Mobile Banking Mobile app for iPhone and Android with balance checking, customized alerts, transaction history, text banking, fund transfers, loan payments, check deposits via Remote Deposit Capture, and debit card management.
• Bill Pay Free online bill payment service with Rush Payments for same-day electronic payments, scheduled electronic payments, and recurring payment functionality for members.
• TruStage Insurance Insurance products including $1,000 free AD&D coverage for members aged 18+, plus auto, home/property, and life insurance with member discounts through the TruStage partnership.
• Trust & Will Estate Planning Online estate planning service with 20% member discount on Will and Trust-based estate plans, including attorney-drafted, state-specific documents provided by Trust & Will.

Quantifiable outcome

• 1,576 member households reduced climate impact with Energy-Smart Loans in 2024
• +4 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature4 records

Partnerships

15 partnerships are on record, tiered core and minor.

• CO-OP Shared BranchingcoreTechnology or IntegrationCO-OP Network partnership provides PSCCU members access to over 5,000 shared branch locations and 30,000+ surcharge-free ATMs nationwide. This allows members to conduct most banking transactions at any participating credit union, significantly extending PSCCU's physical footprint beyond its four branches.
• TruStagecoreGTM or Marketing PartnerTruStage provides insurance products including $1,000 in FREE AD&D insurance for members aged 18+, auto insurance, home insurance, and life insurance. PSCCU members receive exclusive pricing and access to TruStage insurance offerings through the partnership.
• Trust & WillcoreGTM or Marketing PartnerPartnership provides members with 20-30% discounts on online estate planning services including Will-Based and Trust-Based estate plans. Trust & Will has helped over half a million families with online estate planning. PSCCU promotes these services through newsletters and webinars.
• Love My Credit UnionminorGTM or Marketing PartnerLove My Credit Union Rewards program provides PSCCU members exclusive savings on Sprint cell phone service, TurboTax tax software, and TruStage insurance products.
• AvistacoreStrategic or Co-development PartnerAvista partnership provides low-cost financing via on-bill repayment for energy efficiency improvements. Available throughout Avista's Washington State service territory. Residential customers can borrow up to $30,000, small businesses up to $75,000.
• NW Energy CoalitioncoreStrategic or Co-development PartnerOregon residents can become PSCCU members through NW Energy Coalition membership. The coalition's members gain access to PSCCU's Energy-Smart Loan programs. One-time $40 membership fee required for NWEC.
• Energy Trust of OregoncoreStrategic or Co-development PartnerPartnership with Energy Trust of Oregon provides low-cost financing through Savings Within Reach and Oregon On-Bill Repayment Programs for energy efficiency projects. Includes on-bill repayment options through Avista.
• Washington State Department of CommercecoreStrategic or Co-development PartnerClean Energy Fund partnership provides low-cost financing statewide to Washington homeowners for energy efficiency improvements. Loans up to $85,000 available through the Energy-Smart program.
• Snohomish CountyminorStrategic or Co-development PartnerSpecial Energy-Smart Loan program for Snohomish County homeowners. Loans up to $50,000 for energy efficiency projects. Contractors can participate through program standards set by Snohomish County.
• RepowerminorStrategic or Co-development PartnerSpecial Energy-Smart Loan program for Repower program participants in Kitsap County. Loans up to $50,000 for energy efficiency improvements. Supported by U.S. Department of Energy Award No. DE-EE0004447.
• Sustainable ConnectionsminorStrategic or Co-development PartnerCommunity Energy Challenge program serving homeowners in Whatcom, Skagit, San Juan, and Island Counties. Provides custom recommendations, expert guidance, financial incentives, and loans up to $85,000.
• Intuit TurboTaxminorGTM or Marketing PartnerTurboTax partnership provides PSCCU members with 20% discounts on online federal tax preparation products. Includes access to free webinars and tax calculator tools.
• H&R Block / Block AdvisorsminorGTM or Marketing PartnerPartnership with H&R Block provides PSCCU members with $25 discount on Block Advisors DIY online product and $50 off when using Block Advisors tax professional services. Available through Love My Credit Union Rewards.
• The Mountains to Sound Greenway TrustminorGTM or Marketing PartnerEnvironmental non-profit recipient of GreenRewards Checking donations. The organization leads conservation efforts from Seattle across the Cascade Mountains to Central Washington. Maximum donation of $2,000 per year.
• Orcas Island Chamber of CommerceminorGTM or Marketing PartnerPSCCU is a proud sponsor of the Orcas Island Chamber of Commerce, supporting the local community where PSCCU's newest branch opened in Eastsound.

Scale indicators7 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• BECU: Boeing Employees Credit Union is Washington's largest credit union with over 1 million members, headquartered in the Seattle metro. It is a direct competitor to PSCCU in Washington State, offering similar deposit and lending products at much greater scale, including its own community and green banking initiatives.

Direct peers

• Numerica Credit Union: Numerica Credit Union is a Pacific Northwest community credit union operating branches in Washington and Idaho. It offers comparable deposit, lending, and digital banking products to PSCCU, serving similar community-based membership with a focus on local relationship banking.
• Sound Credit Union: Sound Credit Union is a Washington-based community credit union serving the Puget Sound region with branches across Western Washington. It competes directly with PSCCU for members in the same geographic footprint, offering similar checking, savings, lending, and mortgage products.
• Advantis Credit Union: Advantis Credit Union is a Portland, Oregon-based community credit union serving the Pacific Northwest. It offers comparable deposit, mortgage, and personal lending products to PSCCU, with a similar cooperative ownership structure and community-focused positioning.
• Gesa Credit Union: Gesa Credit Union is a Washington State community credit union serving the Tri-Cities and broader Pacific Northwest region. It provides similar deposit, lending, and digital banking products as PSCCU, with comparable community-focused positioning and member-owned cooperative structure.
• WSECU: Washington State Employees Credit Union is a Washington-based community-charter credit union serving state employees and broader community members. It directly competes with PSCCU for Washington residents, offering checking, savings, lending, and digital banking with significantly larger scale and broader branch coverage.
• Kitsap Credit Union: Kitsap Credit Union is a Washington State community credit union serving the Kitsap Peninsula, with overlapping territory near PSCCU's Vashon Island and expanding Orcas Island branches. It offers similar community banking, lending, and green financing products to environmentally-conscious Pacific Northwest consumers.
• Seattle Credit Union: Seattle Credit Union is a Washington State community credit union serving Seattle and surrounding areas. It directly competes with PSCCU in the greater Puget Sound region, offering similar community-focused deposit, lending, and digital banking services to environmentally-conscious consumers.

Regional players

• OnPoint Community Credit Union: OnPoint Community Credit Union is Oregon's largest credit union, headquartered in Portland. It serves similar community-based members in the Pacific Northwest with comparable deposit and lending products, and is a key competitor for Oregon residents PSCCU reaches through its NW Energy Coalition partnership.
• Unitus Community Credit Union: Unitus Community Credit Union is an Oregon and Washington community credit union serving Portland metro and southwest Washington. It competes for similar community-oriented members in the Pacific Northwest with comparable deposit, lending, and digital banking offerings.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/PSCCU4you
• Facebookfacebook.com/PSCCU4you
• Instagraminstagram.com/psccu4you

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 PSCCU