Sep, 30, 2025 — SEATTLE METROPOLITAN CREDIT UNION is a federally insured state chartered credit union headquartered in SEATTLE, WA with 9 branch locations and about $1.09 billion in total assets. Opened 93 years ago in 1933, SEATTLE METROPOLITAN CREDIT UNION has about 50,628 members and employs 180 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SEATTLE METROPOLITAN CREDIT UNION |
|---|---|
| Address: (Main Office) | 1910 1st Ave S SEATTLE, WA 98134-1406 |
| Phone: | (206) 398-5500 |
| Fax: | (206) 398-5516 |
| Website: | https://www.seattlecu.com |
| Branches: | 9 branch locations |
| Members: | 50,628 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68315 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1933 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,091,936,752 |
| CEO/Manager: | Richard Romero |
| Chairperson: | Robin Harmon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 81,717,373 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 736,597 |
| Real Estate Loans | 604,354,295 |
| Unsecured Loans | 100,417,936 |
| Other Loans | 211,828,119 |
| TOTAL LOANS | 916,600,349 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,125,402 |
| Land And Building | 0 |
| Other Fixed Assets | 4,859,423 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 7,619,378 |
| All Other Assets | 946,933 |
| TOTAL ASSETS | 1,091,936,752 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 492 |
| Notes & Interest Payable | 75,000,000 |
| Accounts Payable & Other Liabilities | 10,183,375 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 46,094,000 |
| Share Drafts | 242,484,085 |
| Regular shares | 223,477,113 |
| All Other Shares & Deposits | 413,758,015 |
| TOTAL SHARES & DEPOSITS | 879,719,213 |
| TOTAL LIABILITIES | 1,010,997,080 |
| Regular Reserve | 0 |
| Other Reserves | -1,096,944 |
| Undivided Earnings | 82,036,616 |
| TOTAL EQUITY | 80,939,672 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,091,936,752 |
| INCOME & EXPENSE | |
| Loan Income | 41,882,607 |
| Investment Income | 3,459,456 |
| Other Income | 3,122,627 |
| Total Employee Compensation & Benefits | 17,847,508 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 14,434,920 |
| Non-operating Income & (Expense) | 63,884 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,661,502 |
| Cost of Funds | 11,981,479 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,903,588 |
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