What Strait View Credit Union does

Strait View Credit Union (SVCU) is a member-owned not-for-profit financial cooperative headquartered at 220 South Lincoln St., Port Angeles, Washington, serving over 8,000 members in Greater Clallam County and surrounding Washington State counties since 1939. Membership eligibility extends to residents and employees of Clallam, Jefferson, Grays Harbor, Pacific, Mason, Lewis, Thurston, and Wahkiakum counties. The credit union distributes its products through a single physical branch in Port Angeles combined with a digital banking platform spanning web (Virtual Branch) and iOS/Android mobile apps. Effective June 1, 2026, Strait View became a division of Great NorthWest Federal Credit Union following a member-approved merger, with all loan applications migrating to Great NorthWest FCU's processing platform.

The product portfolio spans core deposit products (Basic and 55+ Checking, Basic Savings, Open End Savings, Share Certificates, IRAs), consumer lending (Auto Loans at 5.69%–17.99% APR, Mortgage Loans, RV/Boat Loans, Special Purpose Loans, Classic Visa Credit Cards at 12%–13% APR), and ancillary services (Visa Debit Cards with CardValet controls, ID Theft Recovery Services with up to $25,000 expense reimbursement insurance, credit monitoring, Bill Pay, e-Statements, and a suite of Financial Calculators). The technology stack is commodity and partner-dependent: Visa card processing, Co-Op Network ATM access, CardValet mobile card management, and a LoansPQ-powered loan application platform. No proprietary AI/ML capabilities, data assets, or differentiated technology architecture are disclosed.

Strait View operates under the credit union cooperative model, generating revenue primarily through net interest margin on consumer loans and the spread between deposit interest paid and loan interest earned, supplemented by modest fee income — Basic Checking carries a $3/month service fee plus $3/month security fee; Visa credit cards carry a $10 annual fee. The institution is federally insured by the NCUA up to $250,000 per depositor and returns surplus to members via competitive rates rather than shareholders. Customer acquisition is community-led (local presence, community sponsorships, referrals) combined with digital channels (website, mobile app, online account opening) — a model now materially expanded through the Great NorthWest FCU merger.

Name

Strait View Credit Union

Legal name

Strait View Credit Union

Website

https://svcu.com

Company type

Private

Founded year

1939

Operating status

Operating

Headcount range

11–50 employees

Short description

Strait View Credit Union is a member-owned not-for-profit credit union serving 8,000+ members in Washington's Olympic Peninsula since 1939. It provides deposits, consumer loans, and identity protection through a Port Angeles branch and digital banking, and became a division of Great NorthWest Federal Credit Union in June 2026.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (522130)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

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

akta.pro secondary industry

Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)

Keywords

• Consumer banking services
• Personal lending products
• Savings deposit accounts
• Mortgage loan products
• Credit union membership

Headquarters

HQ city

Port Angeles

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income on Loans: As a not-for-profit credit union, primary revenue is generated from interest charged on loans including auto loans, mortgages, RV/boat loans, personal loans, and credit cards. Interest rates range from approximately 5.69% APR for auto loans to 17.99% APR for personal loans, with competitive rates designed to benefit members over shareholders.
2. Membership Fees and Account Fees: Fee-based revenue from checking account maintenance fees (Basic Checking charges $3/month service fee plus $3/month security fee), credit card annual fees ($10/year), and various transaction fees. Not-for-profit structure means fees are kept minimal to serve members.
3. Deposit Services: Savings accounts, certificates of deposit, and IRA accounts that generate revenue through the spread between interest paid to depositors and interest earned on loans. APY rates offered include 0.05% for regular savings, up to 3.56% for 1-year CDs.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Strait View Credit Union is a member-owned not-for-profit financial cooperative headquartered in Port Angeles, Washington, providing retail banking products and services to over 8,000 members in Greater Clallam County. Core offerings include checking and savings accounts, certificates of deposit, IRAs, Visa debit and credit cards, and consumer loans for autos, mortgages, RVs/boats, and personal needs. The credit union also provides digital banking channels (mobile app, online banking, bill pay, e-statements) and value-added services such as identity theft recovery and surcharge-free ATM access through the Co-Op Network.

Product overview

Strait View Credit Union is a member-owned not-for-profit financial cooperative headquartered in Port Angeles, Washington, serving over 8,000 members in Greater Clallam County since 1939. The product portfolio centers on a full-service banking platform — SVCU Digital Banking — which encompasses online banking (Virtual Branch), a mobile banking app, and bill pay services. Core banking products include Basic Checking, 55+ Checking, Basic Savings, Open End Savings, Share Certificates, and Individual Retirement Accounts (IRAs). Lending products include Auto Loans, Mortgage Loans, RV & Boat Loans, Special Purpose Loans, and Visa Credit and Debit Cards. The portfolio extends into value-added services including ID Theft Recovery Services, Identity Theft Expense Reimbursement Insurance (up to $25,000), Credit Monitoring Entitlement, CardValet card controls, Financial Calculators, Fraud Prevention Resources, Foreclosure Prevention Assistance, and an Account Switch Kit. All products are NCUA-insured and designed for Washington State residents, with a local community focus. Effective June 1, 2026, the credit union became 'A Division of Great NorthWest Federal Credit Union,' with loan applications migrating to Great NorthWest FCU's platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Basic Checking Standard checking account for members offering free online banking, bill pay, e-statements, unlimited check writing, a free Visa debit card, access to 30,000+ surcharge-free ATMs, and included identity theft remediation services.
• 55+ Checking Checking account designed for members aged 55 or older who use direct deposit, with no minimum balance requirement, free online banking, free check orders, and a $3.00 monthly security fee.
• Basic Savings Standard share savings account that pays dividends and allows members to open special-purpose sub-accounts for goals such as holidays and vacations.
• Open End Savings High-yield savings account with a $2,500 minimum balance requirement and up to three deposits or withdrawals per month of $250 or more, earning the highest available return.
• Share Certificates Certificate of deposit products with terms ranging from 6 months to 3 years, minimum deposits of $500-$1,000 depending on term, and competitive APY rates (e.g., 3.50%-3.56% APY for 1-year).
• Individual Retirement Accounts (IRA) Retirement savings accounts available in Regular, Roth, or Educational IRA options with a low $5 minimum opening deposit and conversion options to Share Certificates; insured up to $250,000 by NCUA.
• Visa Debit Card Free Visa debit card accepted worldwide with access to 30,000+ surcharge-free ATMs, no annual fee, and CardValet integration for spending controls and card management.
• Visa Credit Card Visa credit card offering low rates (12.00%-13.00% APR), free balance transfers, flexible terms, and the Strait Rewards points program for earning and redeeming points on purchases; $10 annual fee.
• Auto Loans Flexible financing for new or used vehicles including no application fees, 100% financing options, and loan terms up to 96 months; rates starting at 4.75% APR for new autos and 5.00% APR for used. Effective June 2026, applications are processed through Great NorthWest FCU.
• Mortgage Loans Home financing products including purchase mortgages and refinancing options with personalized local service, various loan programs, and streamlined approval; contact mortgage loan originators at (360) 452-3883.
• RV & Boat Loans Local financing for RVs, boats, travel trailers, mini motor homes, and campers with no application fees, 100% asset financing, and loan terms up to 180 months; rates 7.29%-18.00% APR.
• Special Purpose Loans Personal loans for special projects or purchases such as vacations and home improvements, offering flexible financing and payment options; rates up to 17.99% APR.
• Mobile Banking App Mobile banking application for iOS and Android providing instant balance preview, fingerprint/Touch ID login, fund transfers, mobile check deposit, bill payment, and debit card on/off controls.
• Online Banking (Virtual Branch) Web-based digital banking platform providing 24/7 access to account balances, transactions, check images, bill payment, fund transfers between accounts, expense tracking with pie chart visualization, and account history export.
• Bill Pay (IPAY) Online bill payment service enabling members to pay virtually anyone including businesses and individuals, set up recurring payments, receive eBills, and send money to friends and family via email or phone number.
• E-Statements Paperless monthly account statement delivery offering fast, secure, and free access to statements including check images with environmental benefits from reduced paper usage.

Quantifiable outcome

• Over 8,000 members served in Clallam County
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

Feature3 records

Partnerships

Six partnerships are on record, tiered core and supporting.

• Great NorthWest Federal Credit UnioncoreStrategic or Co-development Partner · 27 May 2026Merger partner. Strait View Credit Union officially became 'A Division of Great NorthWest Federal Credit Union' effective June 1, 2026. The merger was approved by members on May 27th. All loan applications are now processed through Great NorthWest FCU. The combined entity brings communities together while maintaining Strait View's local presence and service.
• Co-Op NetworkcoreTechnology or IntegrationProvides access to 30,000+ surcharge-free ATMs nationwide for Strait View Credit Union members. Enables convenient cash access throughout the US beyond Strait View's single physical branch location.
• Lyndon Southern Insurance CompanysupportingOthersProvides identity theft expense reimbursement insurance for Strait View checking account members. Coverage up to $25,000 for identity theft recovery expenses including legal fees, lost wages, and miscellaneous costs. Part of the Fortegra family of companies.
• NXG Strategies, LLCsupportingOthersService provider for identity theft detection and recovery services offered to Strait View members. Provides professional management of identity fraud detection, investigation, and remediation services.
• SOURCE INTERNATIONAL, INC.supportingOthersAdministrator for identity theft claims. Processes claims and provides member support for identity theft expense reimbursement. Contact: 888-663-1536, mail at ID THEFT, 712B North Pine Avenue, Green Cove Springs, FL 32043, or email [email protected].
• VisacoreTechnology or IntegrationProvides Visa credit card and debit card processing infrastructure for Strait View Credit Union products. Enables worldwide purchasing power for members on Classic Visa credit cards and Visa debit cards.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• iQ Credit Union: Washington state-based credit union serving southwest Washington with a similar community banking model and full product suite including personal and vehicle lending, savings, certificates, and checking—directly comparable in member-owned structure and product scope to Strait View.
• WECU: Whatcom Educational Credit Union is a Pacific Northwest credit union serving Whatcom County with comparable deposit, lending, digital banking, and member-owned cooperative products to Strait View—both institutions operate a similar small-scale community credit union model.
• Seattle Credit Union: Washington state credit union serving Seattle and surrounding Puget Sound with comparable member-owned banking services including checking, savings, mortgages, auto loans, and personal lending—direct overlap with Strait View's product suite and cooperative structure.
• Kitsap Credit Union: Pacific Northwest credit union serving Kitsap County with similar community banking model and product categories to Strait View, including checking, savings, auto loans, mortgages, RV/boat financing, and Visa credit cards for Washington State residents.
• Great NorthWest Federal Credit Union: Recent merger partner and now parent of Strait View Credit Union effective June 1, 2026. Great NorthWest is a larger Pacific Northwest federal credit union providing the same community-focused deposit, lending, and digital banking products that Strait View offers, with expanded geographic reach across Washington State.

Broad incumbents

• BECU: One of the largest credit unions in Washington State with multi-billion in assets, serving members statewide with comparable core banking categories (checking, savings, mortgage, auto, Visa cards) to Strait View, though at far greater scale, geographic breadth, and product depth.
• OnPoint Credit Union: Large Pacific Northwest credit union serving Oregon and Washington with a comparable community banking model and full product suite (mobile banking, consumer lending, mortgages, credit cards), though at significantly greater scale and broader geographic reach than Strait View.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/134663589917962
• LinkedInlinkedin.com/company/strait-view-credit-union

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Strait View Credit Union