Washington State Employees Credit Union Olympia, Washington
Washington State Employees Credit Union is a state-chartered credit union headquartered in Olympia, WA, established in 1957 (NCUA charter 60042), and it is regulated and insured by the NCUA. At Q2 2026 it reported 323,382 members and total assets of $5.09B (down 0.6% from Q2 2025), the 4th largest of 73 credit unions headquartered in Washington. Its net worth ratio was 9.89% at Q2 2026, in the well capitalized band.
Also written as Washington State Employees CU · Trade names filed with the NCUA: WSECU, Wsecu Insurance Services, Wsecu Investment Management and One Washington Financial LLC
BankRegReports is independent of Washington State Employees Credit Union and never asks for online banking logins or passwords.
Data as of · sourced from NCUA 5300 call reports. How we update
- Charter
- State-chartered credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 60042
- Headquarters
- Olympia, WA
- Established
- 1957
- Total assets, Q2 2026
- $5.09B
- Assets vs Q2 2025
- -0.6%
- Members, Q2 2026
- 323,382
- Net worth ratio, Q2 2026
- 9.89%
- Latest call report
- Q2 2026, NCUA 5300 · Washington State Employees Credit Union call report
- Asset rank in state
- 4th of 73 in Washington
- Routing number
- 325181028
- Branches
- 25
It has 3,086 more members than on June 30, 2025 (+1.0%). Its net worth ratio was up 0.36 percentage points from 9.53% on June 30, 2025. 1- to 4-family residential and other consumer real estate loans are its largest loan category, $1.65B of $3.92B in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 0.80% is above the 0.68% median of the 454 credit unions with $1B to $10B in assets for Q2 2026. Its 9.89% net worth ratio is below that band's 10.89% median.
Credit unions merged into Washington State Employees Credit Union
State Highway Credit Union (2023) · Cwu Federal Credit Union (2014)
Frequently asked about Washington State Employees Credit Union
How big is Washington State Employees Credit Union?
At Q2 2026 it reported total assets of $5.09B and 323,382 members.
Where is Washington State Employees Credit Union headquartered?
It is headquartered in Olympia, WA, United States.
When was Washington State Employees Credit Union founded?
It was established in 1957, per NCUA records.
Is Washington State Employees Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 60042): member shares are insured by the National Credit Union Share Insurance Fund, run by the NCUA, up to $250,000 per member, per insured credit union, for each account ownership category, the same limit the FDIC applies to bank deposits.
Who regulates Washington State Employees Credit Union?
It is a state-chartered credit union, supervised by its state credit union regulator and by the NCUA, which insures its shares.
Is Washington State Employees Credit Union well capitalized?
Its net worth ratio was 9.89% at Q2 2026, in the well capitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is Washington State Employees Credit Union's delinquency ratio?
Its delinquency ratio was 0.80% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is Washington State Employees Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 86.18% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- Olympia, WA 98501
- Charter Type
- State-chartered credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1957
- NCUA Charter #
- 60042
- RSSD ID
- 608198
- Members
- 323,382
- Potential members
- 8,001,020
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 454 credit unions with $1B to $10B in assets, as of Q2 2026. It is in the top quartile on 2 of 7 ranked measures and in the bottom quartile on 1.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 9.81% to 12.63% | 9.89% | 10.89% | 27th below |
| Return on assets Middle half of peers: 0.59% to 1.25% | 0.54% | 0.89% | 22nd bottom |
| Return on equity Middle half of peers: 5.37% to 10.92% | 5.43% | 8.07% | 26th below |
| Net interest margin Middle half of peers: 3.05% to 3.80% | 4.22% | 3.45% | over 90th top |
| Efficiency ratio Middle half of peers: 63.16% to 77.23% | 72.33% | 70.59% | 43rd below |
| Cost of funds Middle half of peers: 1.37% to 1.99% | 1.08% | 1.68% | over 90th top |
| Delinquency ratio Middle half of peers: 0.45% to 1.05% | 0.80% | 0.68% | 42nd below |
| Yield on assets Middle half of peers: 4.70% to 5.46% | 5.30% | 5.12% | 63rd position only |
| Loan-to-share ratio Middle half of peers: 78.23% to 95.19% | 86.18% | 88.03% | 45th position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$5.09B total assets against $5.12B; $4.54B total shares and deposits against $4.43B; $3.92B total loans against $4.06B.
$503.3M net worth against $488.3M.
9.89% net worth ratio against 9.53%.
86.18% loan-to-share ratio against 91.66%.
0.80% delinquency ratio against 0.52%.
0.54% return on assets against 0.66%; 5.43% return on equity against 6.94%.
4.22% net interest margin against 4.01%.
323,382 members against 320,296.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 9.89% | 0.54% | 0.80% | 86.18% |
| March 31, 2026 | 9.71% | -0.04% | 0.69% | 86.05% |
| December 31, 2025 | 9.77% | 0.27% | 0.72% | 88.84% |
| September 30, 2025 | 9.75% | 0.64% | 0.58% | 90.80% |
| June 30, 2025 | 9.53% | 0.66% | 0.52% | 91.66% |
| March 31, 2025 | 9.22% | 0.22% | 0.39% | 91.65% |
Scroll sideways to see every column.
How we read these figures
Glossary: net worth ratio, delinquency, ROA, loan-to-share. The net worth category is ours, from NCUA's 7% well and 6% adequately capitalized cutoffs. It is not NCUA's determination, which can differ. ROA, ROE and margin annualize the quarter; NCUA's Financial Performance Report annualizes the year to date (YTD). Peer rank interpolates size-band percentiles. Methodology.