Sep, 30, 2025 — SALAL CREDIT UNION is a federally insured state chartered credit union headquartered in SEATTLE, WA with 4 branch locations and about $1.15 billion in total assets. Opened 78 years ago in 1948, SALAL CREDIT UNION has about 61,552 members and employs 228 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SALAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9706 4th Ave NE Ste 400 SEATTLE, WA 98115-2199 |
| Phone: | (206) 298-9394 |
| Fax: | (206) 299-6000 |
| Website: | https://www.salalcu.org |
| Branches: | 4 branch locations |
| Members: | 61,552 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66349 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,146,941,024 |
| CEO/Manager: | Russell E Rosendal |
| Chairperson: | Brian Luong |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 37,183,380 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 538,244,836 |
| Unsecured Loans | 50,546,548 |
| Other Loans | 339,694,333 |
| TOTAL LOANS | 928,485,717 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,127,397 |
| Land And Building | 21,995,152 |
| Other Fixed Assets | 2,907,859 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 7,261,021 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,146,941,024 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,832 |
| Notes & Interest Payable | 504,420 |
| Accounts Payable & Other Liabilities | 30,260,461 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 433,452,850 |
| Regular shares | 101,022,527 |
| All Other Shares & Deposits | 486,047,519 |
| TOTAL SHARES & DEPOSITS | 1,020,522,896 |
| TOTAL LIABILITIES | 1,051,290,609 |
| Regular Reserve | 0 |
| Other Reserves | -6,952,077 |
| Undivided Earnings | 102,602,492 |
| TOTAL EQUITY | 95,650,415 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,146,941,024 |
| INCOME & EXPENSE | |
| Loan Income | 40,081,428 |
| Investment Income | 4,292,471 |
| Other Income | 8,317,239 |
| Total Employee Compensation & Benefits | 23,277,912 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 16,544,145 |
| Non-operating Income & (Expense) | -5,533 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,029,880 |
| Cost of Funds | 14,432,712 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 623,674 |
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