Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page.
How Washington State Employee Credit Union products compare
Learn more
On Washington State Employees Credit Union’s website
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On Washington State Employees Credit Union’s website
Learn more
On Washington State Employees Credit Union’s website
Learn more
On Washington State Employees Credit Union’s website
Overall credit union review
Pros and cons
Annual Percentage Yield (APY)
0.10%
Minimum Deposit Amount
$5
Annual Percentage Yield (APY)
0.10%
Minimum Deposit Amount
$5
On Washington State Employees Credit Union’s website
Details
Annual Percentage Yield (APY)
0.10%
Minimum Deposit Amount
$5
Pros & Cons
Highlights
To become a member of Washington State Employees Credit Union, you must open the Washington State Employees Credit Union Personal Savings Account with at least $5.
One unique perk of this savings account is that you can create sub-accounts to help you save for individual personal finance goals. To create a sub-savings account, you’ll log into online banking, click on the “Apply” tab, and choose “savings account.”
Cash Back Checking Account
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$0
Cash Back Checking Account
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$0
On Washington State Employees Credit Union’s website
Details
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$0
Pros & Cons
Highlights
If your priority is to open a rewards checking account, you may like the Washington State Employees Credit Union Cash Back Checking Account.
This account works best if you receive direct deposits of $1,000 or more each month. That way, you’ll earn 1% cash back on debit purchases involving gas, restaurant, and airlines, and $0.05 cash back on other debit card purchases. Otherwise, you’ll earn $0.05 cash back on all debit card purchases.
Performance Money Market Account
Annual Percentage Yield (APY)
0.50% to 0.80%
Minimum Deposit Amount
$0
Performance Money Market Account
Annual Percentage Yield (APY)
0.50% to 0.80%
Minimum Deposit Amount
$0
On Washington State Employees Credit Union’s website
Details
Annual Percentage Yield (APY)
0.50% to 0.80%
Minimum Deposit Amount
$0
Pros & Cons
Highlights
The Washington State Employees Credit Union Performance Money Market Account might be worthwhile if you maintain a high account balance. You’ll earn 0.80% APY — the highest rate tier — on account balances over $100,000, which is much higher than the average money market account.
Keep in mind that you can’t open a Washington State Employees Credit Union Performance Money Market Account online. You must call customer support by phone or visit a branch.
Annual Percentage Yield (APY)
1.75% to 4.25%
Minimum Deposit Amount
$250
Annual Percentage Yield (APY)
1.75% to 4.25%
Minimum Deposit Amount
$250
On Washington State Employees Credit Union’s website
Details
Annual Percentage Yield (APY)
1.75% to 4.25%
Minimum Deposit Amount
$250
Pros & Cons
Highlights
Washington State Employees Credit Union Certificate Accounts are one of the bank’s strongest products. You’ll only need $250 upfront to open an account. Many financial institutions require an initial deposit of at least $1,000.
The credit union’s 13-month and 18-month CD terms, in particular, pay competitive interest rates that are higher than what most brick-and-mortar and online banks pay.
How Washington State Employees Credit Union works
Washington State Employees Credit Union is a community development financial institution (CDFI) with 22 branches throughout Washington. It’s also part of the CO-OP Shared Branch and ATM networks, so customers have access to 5,000 shared branches and 30,000 surcharge-free ATMs nationwide.
To become a member of Washington State Employees Credit Union, you or a family member must live, work, worship, or go to school in the state of Washington. All members must open the Washington State Employees Credit Union Personal Savings Account with at least $5.
Customer support is available by phone from 7 a.m. to 7 p.m. PT Monday through Friday, and 9 a.m. to 2 p.m. PT on Saturday.
The credit union has mixed mobile app ratings. WSECU mobile banking is rated 4.1 out of 5 stars in the Google Play store and 2.9 out of 5 stars in the Apple store.
Washington State Employees Credit Union is federally insured by the NCUA. You can deposit up to $250,000 in an individual account and it will be safe.
The role of community development financial institutions
Community development financial institutions, or CDFIs, serve low-income and disadvantaged communities. Banks and credit unions have to undergo certification by the US Department of Treasury’s Community Development Financial Institutions Fund and meet specific requirements to address banking barriers.
Washington State Employees Credit Union awards about $100,000 in higher education scholarships annually. It is also partnered with numerous non-profit organizations, like Junior Achievement of Washington and Communities in Schools Washington, with the goal of supporting first-generation college students and students of color.
Washington State Employees Credit Union trustworthiness and BBB rating
Washington State Employees Credit Union hasn’t been involved in any recent public controversies.
We also include the Better Business Bureau rating to see how a company resolves customer issues. The BBB gave Washington State Employees Credit Union an A- rating because seven complaints have been filed on the BBB website.
A good BBB rating doesn’t necessarily guarantee your relationship with the credit union will be perfect, though. If you want to see if a bank will be the right fit, talk to friends and family about their experiences. You can also read online customer reviews.
Washington State Employees Credit Union vs. Kitsap Credit Union
Kitsap Credit Union is another CDFI in Washington. To become a member of Kitsap Credit Union, you or a family member must live, work, go to school, or worship in the state of Washington.
Kitsap Credit Union has a high-yield checking account while Washington State Employees Credit Union has a cash-back checking account. Your decision may ultimately depend on which rewards checking accounts stands out more to you.
At Kitsap Credit Union, you’ll be able to earn 3.30% APY on the first $15,000 of your checking account balance if you enroll in online bank statements, make 12 debit card transactions each month, and make at least one ACH transfer, direct deposit, or bill payment per month.
With the Washington State Employees Credit Union Cash Back Checking Account, you can earn 1% cash back on debit purchases involving gas, restaurant, and airlines, and $0.05 cash back on other debit card purchases when you have direct deposits of $1,000 or more each month.
Washington State Employees Credit Union vs. Gesa Credit Union
Gesa Credit Union has 30 branches in Washington and is also certified as a CDFI. To become a member of Gesa Credit Union, you or a family member must live, work, worship, or attend school in the state of Washington. If you live in select counties in Idaho or Oregon, you may also be eligible for membership.
Both credit unions have a rewards checking account, so the best choice for you might depend on which account is more appealing.
If you want a high-yield checking account, you’ll probably prefer Gesa Credit Union. The Gesa Credit Union SmartPlus Checking Account allows you to earn 5.00% APY on the first $5,000 in your account if you meet certain requirements each month.
If you favor a cash-back checking account, Washington State Employees Credit Union may be a better choice. The Washington State Employees Credit Union Cash Back Checking Account allows you to earn 1% cash back on debit purchases involving gas, restaurant, and airlines, and $0.05 cash back on other debit card purchases when you meet specific requirements each month.
Frequently asked questions
You might like Washington State Employees Credit Union if you live in Washington and want to open a cash-back checking account. The Washington State Employees Credit Union Cash Back Checking Account has a low initial deposit. The checking account also allows you to earn up to earn 1% cash back on debit purchases involving gas, restaurant, and airlines, and $0.05 cash back on other debit card purchases if you have direct deposits of $1,000 or more each month.
Washington State Employees Credit Union also might be worth considering if you’re searching for share certificates. Its 13-month and 18-month CD terms stand out because of their competitive interest rates.
Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page.
How Washington State Employee Credit Union products compare
Learn more
On Washington State Employees Credit Union’s website
Learn more
On Washington State Employees Credit Union’s website
Learn more
On Washington State Employees Credit Union’s website
Learn more
On Washington State Employees Credit Union’s website
Overall credit union review
Pros and cons
Annual Percentage Yield (APY)
0.10%
Minimum Deposit Amount
$5
Annual Percentage Yield (APY)
0.10%
Minimum Deposit Amount
$5
On Washington State Employees Credit Union’s website
Details
Annual Percentage Yield (APY)
0.10%
Minimum Deposit Amount
$5
Pros & Cons
Highlights
To become a member of Washington State Employees Credit Union, you must open the Washington State Employees Credit Union Personal Savings Account with at least $5.
One unique perk of this savings account is that you can create sub-accounts to help you save for individual personal finance goals. To create a sub-savings account, you’ll log into online banking, click on the “Apply” tab, and choose “savings account.”
Cash Back Checking Account
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$0
Cash Back Checking Account
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$0
On Washington State Employees Credit Union’s website
Details
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$0
Pros & Cons
Highlights
If your priority is to open a rewards checking account, you may like the Washington State Employees Credit Union Cash Back Checking Account.
This account works best if you receive direct deposits of $1,000 or more each month. That way, you’ll earn 1% cash back on debit purchases involving gas, restaurant, and airlines, and $0.05 cash back on other debit card purchases. Otherwise, you’ll earn $0.05 cash back on all debit card purchases.
Performance Money Market Account
Annual Percentage Yield (APY)
0.50% to 0.80%
Minimum Deposit Amount
$0
Performance Money Market Account
Annual Percentage Yield (APY)
0.50% to 0.80%
Minimum Deposit Amount
$0
On Washington State Employees Credit Union’s website
Details
Annual Percentage Yield (APY)
0.50% to 0.80%
Minimum Deposit Amount
$0
Pros & Cons
Highlights
The Washington State Employees Credit Union Performance Money Market Account might be worthwhile if you maintain a high account balance. You’ll earn 0.80% APY — the highest rate tier — on account balances over $100,000, which is much higher than the average money market account.
Keep in mind that you can’t open a Washington State Employees Credit Union Performance Money Market Account online. You must call customer support by phone or visit a branch.
Annual Percentage Yield (APY)
1.75% to 4.25%
Minimum Deposit Amount
$250
Annual Percentage Yield (APY)
1.75% to 4.25%
Minimum Deposit Amount
$250
On Washington State Employees Credit Union’s website
Details
Annual Percentage Yield (APY)
1.75% to 4.25%
Minimum Deposit Amount
$250
Pros & Cons
Highlights
Washington State Employees Credit Union Certificate Accounts are one of the bank’s strongest products. You’ll only need $250 upfront to open an account. Many financial institutions require an initial deposit of at least $1,000.
The credit union’s 13-month and 18-month CD terms, in particular, pay competitive interest rates that are higher than what most brick-and-mortar and online banks pay.
How Washington State Employees Credit Union works
Washington State Employees Credit Union is a community development financial institution (CDFI) with 22 branches throughout Washington. It’s also part of the CO-OP Shared Branch and ATM networks, so customers have access to 5,000 shared branches and 30,000 surcharge-free ATMs nationwide.
To become a member of Washington State Employees Credit Union, you or a family member must live, work, worship, or go to school in the state of Washington. All members must open the Washington State Employees Credit Union Personal Savings Account with at least $5.
Customer support is available by phone from 7 a.m. to 7 p.m. PT Monday through Friday, and 9 a.m. to 2 p.m. PT on Saturday.
The credit union has mixed mobile app ratings. WSECU mobile banking is rated 4.1 out of 5 stars in the Google Play store and 2.9 out of 5 stars in the Apple store.
Washington State Employees Credit Union is federally insured by the NCUA. You can deposit up to $250,000 in an individual account and it will be safe.
The role of community development financial institutions
Community development financial institutions, or CDFIs, serve low-income and disadvantaged communities. Banks and credit unions have to undergo certification by the US Department of Treasury’s Community Development Financial Institutions Fund and meet specific requirements to address banking barriers.
Washington State Employees Credit Union awards about $100,000 in higher education scholarships annually. It is also partnered with numerous non-profit organizations, like Junior Achievement of Washington and Communities in Schools Washington, with the goal of supporting first-generation college students and students of color.
Washington State Employees Credit Union trustworthiness and BBB rating
Washington State Employees Credit Union hasn’t been involved in any recent public controversies.
We also include the Better Business Bureau rating to see how a company resolves customer issues. The BBB gave Washington State Employees Credit Union an A- rating because seven complaints have been filed on the BBB website.
A good BBB rating doesn’t necessarily guarantee your relationship with the credit union will be perfect, though. If you want to see if a bank will be the right fit, talk to friends and family about their experiences. You can also read online customer reviews.
Washington State Employees Credit Union vs. Kitsap Credit Union
Kitsap Credit Union is another CDFI in Washington. To become a member of Kitsap Credit Union, you or a family member must live, work, go to school, or worship in the state of Washington.
Kitsap Credit Union has a high-yield checking account while Washington State Employees Credit Union has a cash-back checking account. Your decision may ultimately depend on which rewards checking accounts stands out more to you.
At Kitsap Credit Union, you’ll be able to earn 3.30% APY on the first $15,000 of your checking account balance if you enroll in online bank statements, make 12 debit card transactions each month, and make at least one ACH transfer, direct deposit, or bill payment per month.
With the Washington State Employees Credit Union Cash Back Checking Account, you can earn 1% cash back on debit purchases involving gas, restaurant, and airlines, and $0.05 cash back on other debit card purchases when you have direct deposits of $1,000 or more each month.
Washington State Employees Credit Union vs. Gesa Credit Union
Gesa Credit Union has 30 branches in Washington and is also certified as a CDFI. To become a member of Gesa Credit Union, you or a family member must live, work, worship, or attend school in the state of Washington. If you live in select counties in Idaho or Oregon, you may also be eligible for membership.
Both credit unions have a rewards checking account, so the best choice for you might depend on which account is more appealing.
If you want a high-yield checking account, you’ll probably prefer Gesa Credit Union. The Gesa Credit Union SmartPlus Checking Account allows you to earn 5.00% APY on the first $5,000 in your account if you meet certain requirements each month.
If you favor a cash-back checking account, Washington State Employees Credit Union may be a better choice. The Washington State Employees Credit Union Cash Back Checking Account allows you to earn 1% cash back on debit purchases involving gas, restaurant, and airlines, and $0.05 cash back on other debit card purchases when you meet specific requirements each month.
Frequently asked questions
You might like Washington State Employees Credit Union if you live in Washington and want to open a cash-back checking account. The Washington State Employees Credit Union Cash Back Checking Account has a low initial deposit. The checking account also allows you to earn up to earn 1% cash back on debit purchases involving gas, restaurant, and airlines, and $0.05 cash back on other debit card purchases if you have direct deposits of $1,000 or more each month.
Washington State Employees Credit Union also might be worth considering if you’re searching for share certificates. Its 13-month and 18-month CD terms stand out because of their competitive interest rates.
