BECU

For the metal alloy BeCu, see Beryllium copper.
BECU
Company typePrivate
IndustryFinancial services
Founded1935; 90 years ago (1935)
HeadquartersTukwila, Washington, U.S.
Key people
Beverly Anderson (CEO and president)
Debra Somberg (board chairperson)
ProductsSavings; checking; consumer loans; mortgages; credit cards; online banking
Number of employees
2,490 (2021)[1]
Websitebecu.org

BECU is an American credit union based in Tukwila, Washington, in the Seattle metropolitan area. It was named the Boeing Employees' Credit Union for much of its history and originally served employees of The Boeing Company. Membership was later expanded to all residents of Washington and some counties in Oregon and Idaho.[2] As of 2023, the credit union has 60 locations—primarily in the Puget Sound region of Western Washington—and 1.4 million members making it the largest credit union in Washington and fourth largest in the United States.[3][4][5]

The Fellowship Credit Union was established in 1935 by 18 Boeing employees. Originally, BECU was only open to past and present employees of the Boeing Company, its subsidiaries or affiliates, BECU itself, and the Museum of Flight. In 2002, membership was opened to those who live, work, or go to school in Washington state or certain Oregon or Idaho counties.[6] As of December 2021, BECU had over $30.2 billion in assets[7] and over 1.3 million members as of December 2021.[8] Beverly Anderson is the current President and CEO.[9]

On November 2, 2017, BECU changed its logo, replacing the 'cursive E' logo that had been used by the organization since the late 1980s, with a sans-serif logo.[10]

Locations

BECU has over 60 locations throughout the Puget Sound region, three locations in Spokane, and two branches in North Charleston, South Carolina.[11][12]

References

  1. ^ "2020 Annual Report Summary" (PDF). Becu.org. Retrieved June 10, 2021.
  2. ^ "BECU Membership Eligibility". BECU. Retrieved June 24, 2024.
  3. ^ "The top 50 U.S. Credit Unions". Credit Union Access. Archived from the original on July 8, 2011. Retrieved June 6, 2013.
  4. ^ "BECU Fast Facts". BECU. Archived from the original on May 22, 2014. Retrieved May 21, 2014.
  5. ^ Cockrell, Debbie (November 20, 2023). "New branches of regional credit union to open in Tacoma, Gig Harbor. Here are details". The News Tribune. Retrieved June 24, 2024.
  6. ^ Engleman, Eric (October 3, 2004). "State's largest credit union grows by distancing itself from Boeing name". Puget Sound Business Journal. Retrieved June 24, 2024.
  7. ^ "2021 Q4 Financial Summary". BECU. Retrieved March 20, 2022.
  8. ^ "2020 Annual Report Summary". BECU. Retrieved June 10, 2021.
  9. ^ "Executive Management Team". BECU. Retrieved May 21, 2014.
  10. ^ "Washington's BECU updates logo but sticks with its name". The Seattle Times. November 2, 2017. Retrieved January 4, 2019.
  11. ^ "BECU Expands Financial Services in Eastern Washington with North Spokane Location". BECU. Retrieved September 20, 2017.
  12. ^ "You Spoke. We Listened. The Best Member Ideas of 2016". BECU. Retrieved September 6, 2019.


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