Sep, 30, 2025 — WASHINGTON STATE EMPLOYEES CREDIT UNION (WSECU) is a federally insured state chartered credit union headquartered in OLYMPIA, WA with 26 branch locations and about $5.09 billion in total assets. Opened 69 years ago in 1957, WASHINGTON STATE EMPLOYEES CREDIT UNION (WSECU) has about 319,868 members and employs 831 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WASHINGTON STATE EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 330 UNION AVE SE OLYMPIA, WA 98501 |
| Phone: | (800) 562-0999 |
| Fax: | |
| Website: | https://www.wsecu.org |
| Branches: | 26 branch locations |
| Members: | 319,868 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60042 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $5,088,250,231 |
| CEO/Manager: | Gary Swindler |
| Chairperson: | Marcus J Glasper |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 88,587,986 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 512,056 |
| Real Estate Loans | 2,323,970,074 |
| Unsecured Loans | 471,548,037 |
| Other Loans | 1,244,775,611 |
| TOTAL LOANS | 4,040,338,722 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,397,912 |
| Land And Building | 80,914,279 |
| Other Fixed Assets | 17,975,962 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 38,784,550 |
| All Other Assets | 1,751,487 |
| TOTAL ASSETS | 5,088,250,231 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 110,000,000 |
| Accounts Payable & Other Liabilities | 93,491,518 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 969,678,638 |
| Regular shares | 1,303,572,924 |
| All Other Shares & Deposits | 2,176,630,592 |
| TOTAL SHARES & DEPOSITS | 4,449,882,153 |
| TOTAL LIABILITIES | 4,653,373,671 |
| Regular Reserve | 0 |
| Other Reserves | -54,572,360 |
| Undivided Earnings | 489,448,920 |
| TOTAL EQUITY | 434,876,560 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,088,250,231 |
| INCOME & EXPENSE | |
| Loan Income | 187,210,012 |
| Investment Income | 20,647,521 |
| Other Income | 20,486,914 |
| Total Employee Compensation & Benefits | 81,317,861 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 61,598,606 |
| Non-operating Income & (Expense) | -29,103 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 36,567,565 |
| Cost of Funds | 53,856,901 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 19,516,874 |
| ↑ Back to Top | |