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BECU is a member-owned, not-for-profit credit union that has been member owned since 1935.

Last updated September 11, 2026

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Nov 4, 2026
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Nov 4, 2026

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Overview

BECU is a member-owned, not-for-profit credit union. It describes itself as a financial cooperative that exists to actively serve its membership and is committed to improving the financial well-being of its members and communities. BECU is a cooperative society organized under Washington state law as a nonprofit corporation, and it is governed by a Board of Directors. It offers a full suite of financial products including checking and savings accounts and auto, home and student loans.

History

BECU states that it has been member owned since 1935 and that since its founding in 1935 it has remained committed to changing financial lives for the better. It describes itself as a financial cooperative that exists to actively serve its membership, and as a cooperative society organized under Washington state law as a nonprofit corporation. As a member-owned cooperative, BECU is governed by a Board of Directors responsible for guiding the general direction of the credit union in the best interests of the membership and in accordance with BECU bylaws.

Products and positioning

A member-owned, not-for-profit credit union focused on members' financial well-being.

Product categories. Checking accounts · Savings accounts · Credit cards · Personal loans · Home loans · Car loans · Business loans · Student loans

Recent events

  • Reported

    BECU introduces Right Now Grants, awarding $4 million to local community partners[5]

    BECU announced on October 13, 2026 that the BECU Foundation has distributed $4 million through its new Right Now Grants program, described as the largest grant distribution in the foundation's history. The one-time funding was distributed in September 2026, with the grant cycle running from October 1, 2026 through October 1, 2027. The grants support nonprofit and credit union partners working in housing stability, education, workforce development, food security and access to financial services; recipients include Canopy Credit Union, Express Credit Union, College Success Foundation, Washington State Opportunity Scholarship, FareStart, Black Home Initiative, Pioneer Human Services, United Way of Pierce County, Solid Ground, Feeding Feasible Feasts, Four Roots and Vault89.

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