What's New

Your money is safe with us.

In today’s turbulent economic environment, everyone should be interested in the strength of their financial institutions. We want our members to know that School Employees Credit Union of Washington is a safe and secure place to have your money.

As a group, school employees are financially very conservative and have a history of paying their loans on time. Our credit union shares your emphasis on fiscal soundness. While many financial institutions across the country invested heavily in sub-prime and high-risk loans, we took a conservative position and did not participate in those investments.

The key indicator for financial strength among credit unions is their regulatory net worth ratio. To be considered well- capitalized, a credit union must have a ratio of 7% or higher. Our current net worth ratio is nearly double that.

Typically, your deposits are federally insured to $100,000 by NCUA (the credit union equivalent of FDIC). We purchase private insurance to guarantee you an additional $250,000 on top of the NCUA limit. However, between October 3, 2008 and December 31, 2009, NCUA coverage will increase to $250,000, providing a total of $500,000 in insurance coverage.

We are very strong financially and do not foresee any problems that would put your money or the credit union at risk.

Online Banking & Online Bill Payer Upgrade

You'll see some exciting changes when you login to Online Banking and Online Bill Payer. Not only will they have a clean new look similar to the rest of our Web site, but you'll find both much easier to use. Click here to view the "Online Bill Payer and Presentment Quick Start Guide" PDF.

We're delighted to bring you these upgrades to help you manage your finances more easily. The upgraded system continues to give you free, 24-hour access to your bill-paying information and it will allow you to:

• Navigate and view screens quickly
• Receive bills directly to Online Banking (instead of paper bills in the mail) from participating companies
• Create custom reports to help you track your spending in different categories
• Use multiple Credit Union funding accounts to pay your bills
• Request a year-end CD showing bills and payments
• And much more.
  
  

New motorcycle loan

If your fuel-saving strategy involves two wheels rather than four, check out our new motorcycle loan:

• 4.99% - 10.49% APR*

• Includes tax and license, plus up to $1,000.

Call or click here for details!

New loans help you make the grade

If tuition bills are looming in your future, we can help with budget-friendly loans for college students:

Graduate Education Loan
Current school employees pursuing advanced degrees in education can borrow $5,000 - $15,000 at 6.00% - 9.75% APR.*

Collegian Loan
College students pursuing any course of study may borrow up to $2,500 at 7.49% APR.* An eligible credit union member may co-sign this loan.

* APR = Annual Percentage Rate. Certain restrictions and conditions apply. Please see the information at right and call or visit our Web site for full details. The 1/2% discount for direct deposit or payroll deduction is not available for the Collegian Loan.