BECU’s growth last year helped us reinvest profits back into financial health, returning nearly $187 million to our members and more than $5 million to our communities in 2017.
This past year was one of growth and activity for BECU with a focus on helping our members achieve their financial goals. In the true cooperative spirit of people helping people, financially healthy members make for healthier communities and a healthier credit union overall.
“As a not-for-profit co-op, our commitment is to our members, not stockholders. That enables us to focus on the long-term strength of our business, while remaining true to our values,” said Benson Porter, BECU president and CEO. “Ultimately, BECU's growth reflects the value and trust our members feel about their cooperative, and provides us with more resources to support the financial health of our members and communities to an even greater extent.”
In 2017, BECU raised its membership by eight percent to 1,081,077 members and ended the year with $17.8 billion in assets, an 8.5 percent increase over 2016. From housing to transportation, education and retirement, this significant growth enabled us to reinvest profits back into the financial health of our members and communities in tangible ways:
To learn more about BECU's 2017 accomplishments, check out our year-end press release.