(Spokane – August 25, 2016) – Today BECU, established in 1935 and Washington State’s largest credit union, announced the opening of its first Spokane-area Neighborhood Financial Centers.
Beginning September 19, current and new Spokane-area BECU members can access BECU's full suite of financial services inside two new, local branches. BECU's first two financial centers will be located at:
A third BECU financial center location is planned to open soon.
In addition to the branches, BECU now has mortgage advisors and business relationship managers available in Spokane.
“BECU is excited to be expanding our presence in Spokane, which is a community known for embracing the member-owned spirit of credit unions,” said BECU CEO Benson Porter. “As the state's largest credit union, BECU puts people first by providing great value, convenience and service. We are owned by our members, inspired by our members, and driven to deliver value to our members. This member-first approach extends beyond the walls of our new branches and deep into the Spokane community. That's the BECU difference – members first, communities first.”
With about 5,000 members currently in the Spokane area and an operations center in the Spokane Valley employing more than 100 people, BECU has been an active participant in the community for a decade. As part of its expansion, BECU is building on its current community engagement with several Spokane-area community organizations, including:
BECU's primary philanthropic causes are financial empowerment, member-inspired giving and employee-inspired giving. Last year BECU donated more than $3.5 million to philanthropic causes.
“Our fellow credit unions are thriving in Spokane and we are lucky to be joining such a strong network in the community,” continued Porter. “Part of the credit union difference is that we look for ways to partner with our fellow credit unions to make a real difference in people's financial lives.”
Longtime Spokane banking executive Steve Hauschild will lead BECU's Spokane expansion as director of commercial banking and Eastern Washington market leader. Prior to joining BECU, Hauschild served in senior positions at Northwest Farm Credit Services, Washington Mutual, Sterling Bank and Umpqua Bank in Spokane.
Consistent with BECU's operating model in Western Washington, the Spokane locations will feature BECU's innovative “tellerless” layout, which empowers members to access their accounts in ways most convenient for them, including ATM, online banking and mobile banking. Member Consultants will be available to assist with these transactions, as well as provide one-on-one support for opening accounts and more complex services like mortgages, personal loans, auto loans, and business services.
Through this innovative approach and leading online and mobile tools, BECU supports its members' banking preferences while also increasing service efficiency and reducing overhead. Combined, these enable BECU to offer members better rates, fewer fees and more affordable services than typical banks. Examples include:
BECU is a not-for-profit credit union owned by the members. Earnings are returned to the members in the form of better rates and fewer fees. With more than 950,000 members and more than $15 billion in assets, BECU is the largest credit union in Washington and one of the top four financial cooperatives in the country. BECU currently operates more than 40 locations in the Puget Sound region. All Washington state residents, BECU employees and their families, and students attending Washington colleges and universities are eligible to join.
*Rates stated as Annual Percentage Yield (APY), effective 8/23/2016 and are subject to change. Fees may reduce earnings. Member Share Savings, Member Advantage Savings or Early Savers account required to establish membership. See a Member Consultant for Member Advantage eligibility details.