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BECU

From Alfawiki
Adapted from the English Wikipedia article BECU, available under CC BY-SA 4.0Updated 28 November 2025
Boeing Employees' Credit Union
Company typePrivately held credit union
IndustryFinancial services
FoundedDecember 7, 1935; 90 years ago (1935-12-07) in Tukwila, Washington, United States
Headquarters
Tukwila
,
United States
Area served
Seattle metropolitan area, Puget Sound region, Spokane, North Charleston (SC), parts of Washington state, Oregon, and Idaho
Key people
Beverly Anderson (President and CEO)
ProductsSavings accounts, checking accounts, consumer lending, mortgages, credit cards, digital banking
Number of employees
3200 (2024)
Websitewww.becu.org

Boeing Employees' Credit Union (BECU) is a privately held credit union located in Tukwila, Washington, primarily serving members within the Seattle metropolitan area. Established on December 7, 1935, by Boeing workers under the name Fellowship Credit Union, it adopted the BECU name in 1949. By March 2025, BECU managed 66 branches predominantly in the Puget Sound region and catered to 1.5 million members, ranking as Washington state's largest credit union and the fifth largest nationwide.

Originally, membership was restricted solely to Boeing employees, who were required to close their accounts upon departure from the company. Over subsequent decades, eligibility broadened to include retirees in 1968, immediate family members by 1973, and former employees starting in 1977. By the early 1980s, the membership base further expanded to encompass staff from organizations such as the Museum of Flight. In 2002, BECU extended its membership criteria to individuals residing, working, or studying in Washington state as well as certain counties in Oregon and Idaho, marking a transition away from its exclusive Boeing affiliation. As of December 2024, the credit union reported assets surpassing $29.4 billion.

The institution provides a variety of financial services including savings and checking accounts, consumer lending options, mortgages, credit card products, and digital banking solutions. Beverly Anderson leads as president and CEO, overseeing a team of roughly 3,200 employees.

On November 2, 2017, BECU introduced a refreshed brand identity by replacing its traditional cursive 'E' logo with a contemporary sans-serif emblem.

In 2025, BECU revealed plans to merge with SAFE Credit Union based in Folsom, California. Both entities will maintain separate operations until their full consolidation anticipated by early 2027.

Locations

BECU maintains more than 60 branch offices throughout the Puget Sound region, with additional facilities located in Spokane and two branches situated in North Charleston, South Carolina.