Washington State Division of Credit Unions
The Division of Credit Unions regulates state-chartered credit unions licensed to operate in Washington. The division also processes consumer complaints for credit union customers. More about the Division of Credit Unions.
Contact Us: dcu@dfi.wa.gov or (360) 902-8701. File A Complaint: Online Complaint Form
Credit Union Industry News
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Reasonable Compensation Rulemaking Webpage
The Division of Credit Unions has created a rulemaking webpage for the upcoming reasonable compensation rulemaking. The webpage features a meeting timeline and will host documents for the rulemaking process.
Reasonable Compensation Rulemaking Webpage -
Reasonable Compensation Rulemaking Meeting Timeline
The Division of Credit Unions has scheduled four meetings for reasonable compsenation rulemaking. Read the bulletin linked below for the date and times.
Bulletin: Reasonable Compensation Rulemaking Meeting Timeline (PDF)* -
WA State Credit Unions as Qualified Public Depositaries
Before a credit union can accept a state or its political subdivision public fund, it must apply to the Office of the State Treasurer and become a qualified public depositary. For more information about being a qualified public depository see the bulletin linked below.
Bulletin Regarding Qualified Public Depositaries (PDF)* -
Interpretive Letter: Credit Union-Owned Life Insurance
Guidance from the Division of Credit Unions regarding whether a Washington state-chartered credit union may invest in insurance polices that insure the life of one or more of its employees.
Interpretive Letter (PDF)* -
Interpretive Letter: State Credit Union Investments in Employee Benefit Trusts
Guidance from the Division of Credit Unions regarding whether a Washington state-chartered credit union may fund employee benefit obligations through an employee benefit trust holding investments that are otherwise impermissible for a state-chartered credit union.
Interpretive Letter (PDF)* -
Quarterly Asset Assessment Worksheet
2nd quarter 2013. ACH debit will be originated on April 23, 2013.
Download Asset Assessment Sheet (Excel)*** -
Interpretive Letter: Use of the Term "Audit Committee" in Credit Union Bylaws
Guidance from the Division of Credit Unions regarding the use of the term audit committee in credit union bylaws.
Interpretive Letter (PDF)* - FTC Issues Amended Rule on Identity Theft "Red Flags"
The Federal Trade Commission has announced publication of an Interim Final Rule on identity theft "red flags" that narrows the circumstances under which creditors are covered by the Rule.
Announcement from FTC - The Dual Chartering System: Benefits of the State Charter
Information from DFI on the dual chartering system, how it formed, and the benefits of a state charter.
The Dual Chartering System: Benefits of the State Charter
Credit Union Consumer News
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How To Access Credit Union Financial Reports
Curious about credit union financial statements? The public has access to credit union 5300 Call Reports. See our how to on accessing 5300 call reports.
How to Access Credit Union Call Reports -
NCUA Permanently Increases Insurance Coverage To $250,000
On July 21, 2010, President Barack Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act. Included in this sweeping legislation are provisions making permanent the current $250,000 maximum federal deposit insurance.
Share Insurance Information
Contact Us
For general inquiries regarding Credit Unions, please email dcu@dfi.wa.gov or call (360) 902-8701.
Mailing Address:
Department of Financial Institutions
Division of Credit Unions
PO Box 41200
Olympia, WA 98504-1200
Physical Address (for deliveries or visitors):
150 Israel Rd SW
Tumwater WA 98501
(See MAP for directions)
Phone Numbers:
Phone: 360-902-8701
Toll Free: 1-877-RING DFI (746-4334)
TDD: 360-664-8126
Fax: 360-704-6901
E-mail: DCU@dfi.wa.gov
Staff Directory: Division of Credit Unions Staff.
File A Complaint: Online Complaint Form
* This document is a PDF file, and you will need Adobe Acrobat Reader to view it. If you don't already have Acrobat Reader installed on your computer, you may download it for free from Adobe.
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*** This document is a Microsoft Excel file, and you will need Microsoft Excel or Excel Viewer to open it. If you don't have Microsoft Excel installed on your computer, you may download the Excel Viewer for free from Microsoft.
