Credit Union Safety Analysis
Is Washington State Employees Credit Union Safe? Olympia, Washington
Based on its Q2 2026 NCUA 5300 call report, Washington State Employees Credit Union has a net worth ratio of 9.89%, at the NCUA level for well capitalized, its 60-day delinquency ratio is 0.80%, and its shares are NCUA insured up to $250,000 per member.
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Short answer
On its Q2 2026 NCUA 5300 call report, Washington State Employees Credit Union's net worth ratio is 9.89%, above the 7% NCUA threshold for well capitalized.
- Net worth ratio (Q2 2026): 9.89%
- Delinquency ratio (60+ days) (Q2 2026): 0.80%
- Return on assets (Q2 2026): 0.54%
- Loan-to-share ratio (Q2 2026): 86.18%
Washington State Employees Credit Union (NCUA charter 60042, established 1957) reported $5.09B in assets and 323,382 members for Q2 2026 from Olympia, Washington. It ranks 4 of 73 credit unions in Washington by total assets. Total assets fell 0.6% from $5.12B on June 30, 2025. 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.
Data as of · sourced from NCUA 5300 call reports. How we update
Scorecard by dimension
Median of the 454 credit unions with $1B to $10B in assets: 10.89%; middle half of peers: 9.81% to 12.63%.
Earlier filings: 9.71% for Q1 2026; 9.53% for Q2 2025.
Median of the 454 credit unions with $1B to $10B in assets: 0.68%; middle half of peers: 0.45% to 1.05%.
Earlier filings: 0.69% for Q1 2026; 0.52% for Q2 2025.
Median of the 454 credit unions with $1B to $10B in assets: 0.89%; middle half of peers: 0.59% to 1.25%.
Earlier filings: -0.04% for Q1 2026; 0.66% for Q2 2025.
Median of the 454 credit unions with $1B to $10B in assets: 88.03%; middle half of peers: 78.23% to 95.19%.
Earlier filings: 86.05% for Q1 2026; 91.66% for Q2 2025.
Loans by type, Q2 2026
- 1- to 4-family residential and other consumer real estate loans: $1.65B
- Commercial loans: $691.9M
- Used vehicle loans: $528.1M
- Other secured non-real estate loans and lines of credit: $307.5M
- New vehicle loans: $289.1M
- Unsecured credit card loans: $264.4M
- Other unsecured loans and lines of credit: $186.0M
- Non-federally guaranteed student loans: $7K
Scored ratios by quarter
| Quarter | Total assets | Net worth ratio | Delinquency | ROA | Loan-to-share |
|---|---|---|---|---|---|
| June 30, 2026 | $5.09B | 9.89% | 0.80% | 0.54% | 86.18% |
| March 31, 2026 | $5.11B | 9.71% | 0.69% | -0.04% | 86.05% |
| December 31, 2025 | $5.09B | 9.77% | 0.72% | 0.27% | 88.84% |
| September 30, 2025 | $5.09B | 9.75% | 0.58% | 0.64% | 90.80% |
| June 30, 2025 | $5.12B | 9.53% | 0.52% | 0.66% | 91.66% |
| March 31, 2025 | $5.20B | 9.22% | 0.39% | 0.22% | 91.65% |
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How we score this
Net worth ratio: NCUA well capitalized at 7%, adequately at 6%. Our bands, pass to fail: delinquency 1% to 2%, ROA 0.5% to 0%, loan-to-share 85% to 100%. Not a credit rating. Methodology.
Washington State Employees Credit Union profile
Regulator records: NCUA credit union profile (charter 60042) · FFIEC NIC profile (RSSD 608198)
Frequently asked questions
Is Washington State Employees Credit Union well capitalized?
On its Q2 2026 NCUA 5300 call report, Washington State Employees Credit Union's net worth ratio is 9.89%, above the 7% NCUA threshold for well capitalized.
Is Washington State Employees Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. Washington State Employees Credit Union is a federally insured credit union (NCUA charter 60042): its share insurance fund, run by the NCUA, covers $250,000 per member per ownership category.
What are Washington State Employees Credit Union's key safety ratios?
For Q2 2026, Washington State Employees Credit Union reports net worth 9.89%, delinquency 0.80%, ROA 0.54%, loan-to-share 86.18%.
What happens to my money if Washington State Employees Credit Union fails?
For Q2 2026, Washington State Employees Credit Union held $4.54B in shares and deposits for 323,382 members. If it failed, the NCUA would pay its insured shares up to $250,000 per member.