Salal Credit Union
Financial ServicesWashington, United States201-500 Employees
Salal Credit Union is a mid-sized financial services cooperative based in Seattle, Washington. Founded in 1948 by nine healthcare workers who pooled $45, it now serves more than 50,000 members across 18 states and has established a national presence in banking services for the legal cannabis industry. The credit union is federally insured by the NCUA and operates as an Equal Housing Opportunity lender, and it offers co-op financing for home improvement and solar power as part of its product mix. Salal has cultivated partnerships to broaden member services, including free financial counseling through Balancepro and exclusive insurance discounts through Travelers Auto. It has also invested in workforce development, launching Salal Academy in 2022 to prepare community members for banking careers, and it has implemented digital upgrades to its mobile and online platforms. Through these efforts, Salal continues to support underserved communities and promote broader financial health.