5.0
5.0
Author: Kaitlyn Short
LAST UPDATED: June 27th, 2023
BECU Started in 1935 as Boeing Employee Credit Union, used to only be open to Boeing Employees and their family members, but have opened their enrollment to a include a wide variety of communities in Washington state. BECU is a cooperative society organized under Washington state law as a nonprofit corporation. BECU promotes thrift among its members and creates a source of credit for them at fair and reasonable rates of interest. BECU is dedicated to "people helping people" and will strive to serve its members by providing superior financial products and services.
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The Good
- BECU five principles
- Membership and locations
- Checking and savings accounts
BECU Five Principles
- Service to members: BECU offers services designed to improve the economic and social well-being of all members, and return financial value to them as part of their participation in the member-owned financial cooperative. Their objective is to ensure that all BECU members always experience the best value and service with complete trust.
- Member education: BECU is committed to strengthening consumer financial education and literacy. In addition, we are committed to educating members and the public alike about credit union uniqueness, philosophy, and values.
- Governance and representation: BECU will endeavor to preserve credit union democratic principles, including demographic representation and participation in credit union activities.
- Diversity: BECU recognizes the value to demographic diversity, in staff as well as in their members. They strive to bring people of diverse backgrounds and experiences into leadership and other roles at the credit union.
- Cooperative activities: BECU works to build and strengthen the credit union movement by providing financial and in-kind resources to others within the credit union community, and by actively advocating the credit union difference at all levels of government, and in other appropriate public forums.
Membership and Locations
They have made it even easier to become a member than in previous years, and offer various accounts for all of their diverse customers. They have expanded and now access to local branches throughout the greater Seattle area and other areas is more convenient including access to thousands of no-surcharge ATMs. They also offer community education classes for budgeting, saving, protecting yourself against identity theft, and a class aimed at younger children and teens on the importance of being financially educated and how to control your money.Checking and Savings Accounts
Their personal checking and savings accounts offer benefits most traditional banks just can't, like higher interest rates, and free online banking with no minimum balance required. When they say 'free' it is. BECU checking accounts are free of monthly maintenance fees, with no minimum-balance requirements. You can also manage your accounts from just about anywhere, with:- Free Mobile Banking, including remote check deposit
- Free Online Banking and Telephone Banking
- 30,000+ surcharge free ATMs
- Free Bill Payment
- Free eStatements
- Free Money Manager and Account Alerts
- Apple Pay
The Bad
- Not nailing the small details
Not Nailing the Small Details
Among reviewing their apps, they did not receive very good ratings. They do not offer many options for credit cards for just being a basic member; even their credit card options or line of credit for business members is limited only offering three types of cards and only one with rewards attached to it. This is a credit union that is only local to the Northwest parts of Washington state; Seattle, Tacoma, and Bellevue. Even though Boeing is a massive company and they have expanded their membership to almost everyone, they should have more locations dotted around Washington, even into other states considering Boeing has since relocated their headquarters out of Washington State.The Bottom Line
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Mindy Clarke Tacoma, WA
The BEST Credit Union ever. I love that you have no monthly fees or minimum balance requirements. Their customer service is awesome. The online banking and mobile app are easy to navigate.
1 year ago
Hannah Pleasant Grove, UT
My experience with the company has been great. I feel like they are very customer centered. They give great personalized service. I have been a member since 2004.
7 years ago
Dallin Provo, UT
I have been a member of BECU for over 15 years, and they have worked with me through every stage of life, I would recommend them!
6 years ago
