MT. Rainier

What MT. Rainier does

Mt. Rainier Credit Union is a non-profit, member-owned financial cooperative chartered in 1967 and headquartered at 303 West Meeker, Puyallup, Washington. Its field of membership is open to anyone who lives or works in Washington state, with membership established by opening a Share account with a $25 minimum deposit. The credit union operates a single physical branch (Monday-Friday 9am-5pm) and serves members through standard retail banking touchpoints with no publicly disclosed enterprise or institutional customer base.

The core product set spans deposit accounts (Share savings, Draft checking, Money Market, Holiday Club, and Share Certificates including a 24-month Bump Up option) and lending products (auto loans for new and used vehicles at 4.25%-17.99% APR, unsecured and signature loans, overdraft lines of credit, and a Platinum Visa credit card at 13.24%-17.99% APR). Mortgage and student loan products are offered through referral partnerships with Consolidated Community Credit Union and Sallie Mae, respectively. Auto loan acquisition is augmented by a Groovecar.com integration for inventory search and pre-approval.

Technology is built on a third-party online banking platform (realtimehomebanking.com) with iOS and Android mobile apps, plus MoneyPass ATM network access and Ez Card Info for card management. There is no proprietary technology stack or AI capability disclosed. Revenue is generated primarily through net interest income on the loan portfolio, supplemented by transaction fees (NSF, wire, dormant account, overdraft) and membership/deposit-related fees. The credit union is federally insured by the NCUA up to $250,000 and is governed by a member-elected Board of Directors.

Name

MT. Rainier

Legal name

Mt. Rainier Credit Union

Website

https://mtrainierfcu.com

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

11–50 employees

Short description

Mt. Rainier Credit Union is a member-owned, non-profit financial cooperative chartered in 1967 in Puyallup, Washington, serving Washington state residents and workers with deposit accounts, auto and unsecured loans, credit cards, and digital banking via a single branch and online/mobile channels.

Ownership category

akta.pro rank

Product category

Retail Banking / Credit Union Services

NAICS

Credit Unions (522130), Credit Unions (52213), Credit Card Issuing (522210)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

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

akta.pro secondary industry

Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Credit union services
• Share savings accounts
• Auto loans
• Share certificates
• Digital banking

Headquarters

HQ city

Puyallup

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, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income from Loans: Traditional credit union model generating revenue primarily through interest charged on loans including vehicles, mortgages, personal loans, and credit cards. Loan products include new/used vehicles, RVs, motorcycles, classic cars, share secured loans, and unsecured loans.
2. Deposit Account Fees: Various service fees including NSF charges, overdraft fees, wire transfer fees, dormant account fees, early account closure fees, and card replacement fees.
3. Membership Fees: $25 minimum opening deposit required to establish membership and maintain active account status.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Mt. Rainier Credit Union is a non-profit, member-owned financial cooperative that provides retail banking products to Washington state residents and workers. Its core offering includes deposit accounts (Share savings, Draft checking, Money Market, Share Certificates, Holiday Club), consumer loans (auto, credit cards, personal), and digital banking services (online banking, mobile apps, bill pay, e-statements). Membership is open to anyone who lives or works in Washington state with a $25 minimum opening deposit.

Product overview

Mt. Rainier Credit Union operates as a single, unified financial services institution offering a comprehensive portfolio of traditional banking products and digital banking services. The core product lineup centers on deposit accounts (Share Savings, Draft Checking, Money Market, Share Certificates, and Holiday Club accounts) supplemented by lending products (auto loans, credit cards, and partner-enabled student loans and mortgages). Digital banking capabilities including Online Banking, Mobile Banking (iOS/Android apps), Online Bill Pay, and E-Statements are provided as integrated features within the member banking experience. Additional services such as Gap Insurance and financial calculators round out the product ecosystem. All products are offered directly through the credit union's Washington State-chartered institution with physical branch access and digital self-service channels.

Differentiator

Problem solved

Functional benefit

Products and services

• Share (Savings) Account Primary savings account for all members with a $25 minimum opening deposit. Dividends are calculated on average daily balance and paid quarterly. Tiered dividend rates apply based on balance: 0.05% APY ($25-$5,000), 0.10% APY ($5,000-$25,000), 0.15% APY ($25,000+).
• Draft (Checking) Account Free personal checking account with no minimum balance required and no monthly fees, featuring overdraft protection linked to Share accounts.
• Money Market Account Savings account requiring $5,000 minimum balance to earn dividends. Rates: 0.35% APY for $5,000-$25,000, 0.50% APY for $25,001-$50,000, 0.65% APY for $50,001+. Limited to three withdrawals per month.
• Share Certificates Term deposit accounts available in 6-month (0.55% APY), 12-month (0.75% APY), and 24-month Bump Up (1.65% APY) terms. Six and 12 month certificates require $500 minimum; 24-month certificates require $2,500 minimum. Bump Up option allows a one-time rate increase during the term.
• Holiday Club Account Savings account for holiday expenses with dividends compounded and paid monthly; funds transferred in November each year.
• Auto Loans Vehicle financing for new (2023-2026) and used (2017-2022) automobiles with APR ranging from 4.25% to 17.99% depending on term and creditworthiness. Up to 125% LTV for new vehicles and 100% LTV for used vehicles, with a 150,000 mileage maximum.
• Platinum Visa Credit Card Credit card with APR ranging from 13.24% to 17.99%, available to credit union members.
• Visa Check Card Debit card enabling purchases and ATM withdrawals from Share or Draft accounts, accepted wherever STAR, PLUS, or VISA logos are displayed.
• Online Banking Free web-based banking platform allowing members to monitor accounts, transfer funds between credit union accounts or loans, make loan payments, and manage finances daily.
• Mobile Banking App Mobile application available on iOS and Android allowing members to access accounts on the go. Available via Apple App Store (id 1369298184) and Google Play (com.cssinc.mtrainierfcuhb).
• Online Bill Pay Free online bill payment service for members with checking accounts, enabling electronic bill payments without writing checks and with no monthly fees.
• E-Statements Electronic statement delivery offering enhanced security, faster delivery, and easy access through Home Banking with no additional passwords.
• Gap Insurance Guaranteed Asset Protection covering the difference between actual cash value and unpaid loan balance if a vehicle is totaled or stolen.
• Student Loans Education loans offered through partnership with Sallie Mae for undergraduate and graduate students with competitive interest rates, multiple repayment options, and no origination fees or prepayment penalties.
• Mortgage Services Mortgage lending offered through partnership with Consolidated Community Credit Union, providing home financing options to credit union members.
• Kids Kickoff Special Share certificate savings for members age 21 and under with $100 minimum and $1,000 maximum deposit, featuring a 6-month term at 0.20% APY.
• Unsecured Loans / Signature Loans / Line of Credit Unsecured personal loans, signature loans, and revolving lines of credit with APR ranging from 8.49% to 17.99%. Overdraft line of credit available with APR from 9.49% to 17.99%.
• Share Secured Loans Loans secured by the member's share account balance, with APR set at the current share dividend rate plus 2.00%.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Groovecar.comcoreChannel Partner/ Reseller/ DistributorAuto shopping partnership allowing members to search local vehicle inventory and get pre-approved for auto loans. Members access the platform through the credit union's website for a streamlined vehicle purchasing experience.
• Consolidated Community Credit UnioncoreChannel Partner/ Reseller/ DistributorMortgage partner providing home loan services. Members are redirected to Consolidated Community Credit Union's mortgage platform to apply for home loans.
• Sallie MaecoreChannel Partner/ Reseller/ DistributorStudent loan partnership offering educational loans for undergrad and grad students with competitive interest rates, multiple repayment options, and no origination fees or prepayment penalties.
• Insurance Companies (Joint Marketing Partners)minorGTM or Marketing PartnerJoint marketing partners as disclosed in the privacy policy. Formal agreements with nonaffiliated financial companies to market financial products or services to members.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sound Credit Union: Washington-state community-chartered credit union serving Puget Sound residents with comparable deposit and consumer lending products. Directly comparable in scale, geographic focus, and member-owned cooperative model.
• Kitsap Credit Union: Washington community credit union serving the Kitsap Peninsula and surrounding counties. Comparable community field-of-membership model, consumer deposit and lending focus, and similar small-to-mid scale.
• TwinStar Credit Union: Washington and Oregon community credit union with comparable consumer deposit, lending, and digital banking products. Overlapping field-of-membership and similar operating model make it a close peer.
• Peninsula Community Federal Credit Union: Small Washington-based community credit union offering consumer deposits, auto loans, and digital banking. Highly comparable scale, geography, and product set to Mt. Rainier.

Broad incumbents

• BECU: One of the largest credit unions in Washington state, with a wide geographic field of membership across the Pacific Northwest. Competes with Mt. Rainier for Washington consumers but at materially greater scale and product breadth.
• Gesa Credit Union: Large Washington state credit union serving multiple counties with full-service consumer and mortgage lending. Represents the larger incumbent tier that Mt. Rainier competes against for retail deposits and loans.
• WSECU: Washington State Employees Credit Union, a statewide community credit union with broad consumer and mortgage product offerings. Comparable cooperative model but materially larger asset base than Mt. Rainier.
• Spokane Teachers Credit Union (STCU): Eastern Washington community credit union that has expanded its field of membership statewide. Comparable product mix and cooperative structure with greater scale and branch network.

Regional players

• OnPoint Community Credit Union: Pacific Northwest community credit union headquartered in Portland, Oregon. Highly comparable cooperative model and consumer product set, though primarily serves Oregon rather than Washington.
• Advantis Credit Union: Oregon and Washington community credit union with comparable consumer lending and deposit products. Operates across similar Pacific Northwest geography with a community-based field-of-membership approach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Mt-Rainier-Federal-Credit-Union-834285653275119
• LinkedInlinkedin.com/company/mt.-rainier-federal-credit-union

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 MT. Rainier