Member Eligibility
Becoming a member of Salal means joining a community that truly cares about your financial well-being. If you live, work, or worship in the Bellevue area, you're likely eligible to join us at our welcoming branch located at 1048 116Th Ave Ne Bellevue Wa 98004. We believe in making banking accessible and personal for everyone, which is why our membership criteria are designed to be straightforward and inclusive. Whether you're looking to open a checking account, apply for a loan, or simply want to benefit from our range of financial services, we invite you to explore the many advantages of being part of our credit union family. To get started on your membership journey, all you need to do is visit our website for detailed eligibility informati. If you have any questions or need assistance with the account opening process, don't hesitate to give us a call at (206) 298-9394. We're here to help you every step of the way as you take advantage of all the benefits that come with being a member of Salal!
Financial Strength
At Salal, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We understand that trust is built on a solid foundation, and our financial strength reflects that commitment. With a net worth of $101,314,388, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 8.81% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $313,853,138 in share certificates and $143,350,490 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $17,000,265, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $101,314,388 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals with $1,049 in used auto loans and $929,058,163 in total loans and leases. Although our net income is $1,160,881, which reflects operational efficiency, it enables us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 236 full-time employees ready to assist you with knowledgeable service. Our commitment to serving you extends beyond numbers; it's about building lasting relationships within our community. Total Share Accounts stand at 41,895, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Salal is your trusted partner. Visit us at 1048 116Th Ave Ne Bellevue Wa 98004 or call (206) 298-9394 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.
