Sep, 30, 2025 — VERITY CREDIT UNION is a federally insured state chartered credit union headquartered in SEATTLE, WA with 6 branch locations and about $774.66 million in total assets. Opened 93 years ago in 1933, VERITY CREDIT UNION has about 35,326 members and employs 135 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VERITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 11027 Meridian Ave N SEATTLE, WA 98133 |
| Phone: | (206) 440-9000 |
| Fax: | (206) 361-5300 |
| Website: | https://www.veritycu.com |
| Branches: | 6 branch locations |
| Members: | 35,326 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68517 |
|---|---|
| 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: | $774,657,998 |
| CEO/Manager: | Tonita Webb |
| Chairperson: | Will Collins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 107,580,821 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 331,273,831 |
| Unsecured Loans | 36,421,064 |
| Other Loans | 217,790,175 |
| TOTAL LOANS | 585,485,070 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,970,193 |
| Land And Building | 4,379,960 |
| Other Fixed Assets | 2,954,469 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,946,010 |
| All Other Assets | 156,033 |
| TOTAL ASSETS | 774,657,998 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 317,615 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 26,343,793 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 221,036,449 |
| Regular shares | 159,827,171 |
| All Other Shares & Deposits | 296,811,518 |
| TOTAL SHARES & DEPOSITS | 677,675,139 |
| TOTAL LIABILITIES | 704,336,547 |
| Regular Reserve | 0 |
| Other Reserves | 3,028,613 |
| Undivided Earnings | 67,292,838 |
| TOTAL EQUITY | 70,321,451 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 774,657,998 |
| INCOME & EXPENSE | |
| Loan Income | 23,756,254 |
| Investment Income | 3,954,225 |
| Other Income | 1,207,001 |
| Total Employee Compensation & Benefits | 11,744,755 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 12,029,733 |
| Non-operating Income & (Expense) | 459,321 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,235,354 |
| Cost of Funds | 6,289,500 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,400,216 |
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