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BECU

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BECU
Company typeCredit union
IndustryFinancial services
Founded1935
HeadquartersTukwila, Washington, United States
Key people
Benson Porter (CEO)
Debra Somberg (Board Chairperson)
ProductsSavings; checking; consumer loans; mortgages; credit cards; online banking
Number of employees
2,490 as of 2021[1]
Websitebecu.org

BECU is a credit union originally established to serve employees of The Boeing Company. BECU was founded as Fellowship Credit Union in 1935 by 18 Boeing employees, and was named Boeing Employees' Credit Union for much of its history. Its headquarters are located in Tukwila, Washington. As of December 2021, BECU had over $30.2 billion in assets [2] and over 1.2 million members as of Apr 2021,[3] making it the largest credit union in Washington and fourth largest in the United States.[4][5] Benson Porter is the current President and CEO.[6]

BECU has over 52 locations throughout the Puget Sound region, three locations in Spokane, and two branches in North Charleston, South Carolina.[7][8]

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, go to school, or worship in Washington state and their family members.[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]

References

  1. ^ "2020 Annual Report Summary" (PDF). Becu.org. Retrieved June 10, 2021.
  2. ^ "2021 Q4 Financial Summary". BECU. Retrieved March 20, 2022.
  3. ^ "2020 Annual Report Summary". BECU. Retrieved June 10, 2021.
  4. ^ "The top 50 U.S. Credit Unions". Credit Union Access. Archived from the original on July 8, 2011. Retrieved June 6, 2013.
  5. ^ "BECU Fast Facts". BECU. Retrieved May 21, 2014.
  6. ^ "Executive Management Team". BECU. Retrieved May 21, 2014.
  7. ^ "BECU Expands Financial Services in Eastern Washington with North Spokane Location". BECU. Retrieved September 20, 2017.
  8. ^ "You Spoke. We Listened. The Best Member Ideas of 2016". BECU. Retrieved September 6, 2019.
  9. ^ "BECU Join Today". 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.