BECU
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| BECU | |
| Formerly | Fellowship Credit Union (1935–1949) |
| Company type | Private |
| Industry | Financial services |
| Founded | December 7, 1935 |
| Headquarters | Tukwila, Washington, U.S. |
Key people | Beverly Anderson (CEO and president) Debra Somberg (board chairperson) |
| Products | Savings; checking; consumer loans; mortgages; credit cards; online banking |
Number of employees | 3,200 (2024)[1] |
| Website | becu |
The Boeing Employees' Credit Union, doing business as BECU, is an American credit union based in Tukwila, Washington, in the Seattle metropolitan area. The credit union was founded as the Fellowship Credit Union on December 7, 1935, by a group of Boeing employees and originally served employees of the company; it was renamed in 1949.[2][3] As of March 2025[update], the credit union has 66 locations—primarily in the Puget Sound region of Western Washington—and 1.5 million members making it the largest credit union in Washington and fifth largest in the United States.[4]
Originally, BECU was only open to current Boeing employees; they were required to close their BECU accounts once they left the company.[5] This also reflected on its shareholders; it had 49,280 shareholders in 1962, with all of them Boeing employees.[6] As this left the credit union vulnerable to employment downturns at Boeing, it began expanding its membership field in 1968, when retirees were allowed to keep their accounts; membership was extended to immediate family members of current Boeing workers in 1973, while former employees were allowed to retain their accounts in 1977.[3] BECU expanded its definition of eligible family members and the privileges they enjoyed in the early 1980s; by 1997, it had also opened membership to employees of the Museum of Flight.[3] In 2002, membership was opened to those who live, work, or go to school in Washington state or certain Oregon or Idaho counties, leading the credit union to discontinue regular use of its full name.[7][8] As of December 2024, BECU had over $29.4 billion in assets and over 1.5 million members.[9] Beverly Anderson is the current President and CEO.[10]
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.[11]
Locations
[edit]BECU has over 60 locations throughout the Puget Sound region, three locations in Spokane, and two branches in North Charleston, South Carolina.[12][13]
References
[edit]- ^ "2024 Annual Report Summary". Becu.org. Retrieved September 8, 2025.
- ^ Catchpole, Dan (October 19, 2015). "BECU to close branches to teach teens money management". The Everett Herald. Retrieved October 21, 2025.
- ^ a b c Virgin, Bill (March 31, 1997). "Loyalty drives Boeing credit union". Seattle Post-Intelligencer. p. B4.
- ^ "The top 50 U.S. Credit Unions". Bankrate. June 17, 2025. Archived from the original on September 8, 2025. Retrieved September 8, 2025.
- ^ Burchard, Boyd (October 7, 1971). "Boeing credit union healthy". The Seattle Times. p. D8.
- ^ Hoffman, Fergus (August 30, 1962). "Boeing Credit Union Big Concern". Seattle Post-Intelligencer. p. 36.
- ^ Virgin, Bill (November 21, 2002). "Boeing credit union adapts as airline industry slumps". Seattle Post-Intelligencer. Retrieved October 20, 2025.
- ^ 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.
- ^ "BECU's 2024 Annual Report: Growing its Commitment to Serving Members and Communities". BECU. April 29, 2025. Retrieved September 21, 2025.
- ^ "Executive Management Team". BECU. Retrieved May 21, 2014.
- ^ "Washington's BECU updates logo but sticks with its name". The Seattle Times. November 2, 2017. Retrieved January 4, 2019.
- ^ "BECU Expands Financial Services in Eastern Washington with North Spokane Location". BECU. Retrieved September 20, 2017.
- ^ "You Spoke. We Listened. The Best Member Ideas of 2016". BECU. Retrieved September 6, 2019.
External links
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