Applications / Mortgage Analytics / Lenders / Washington / Boeing Employees' Credit Union
Tukwila, WA · Credit union · NCUA · $29.4 billion assets · 14,331 loans in 2025
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14,331
loans originated, 2025
22,885
applications, 2025
10
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Boeing Employees' Credit Union ranks first of 597 lenders in Seattle-Tacoma-Bellevue, and most of its loans go to members who already own their homes.
Its typical rate fell from 8.74% to 6.12%, lower than every similar lender (credit unions making between half and twice as many loans), whose typical rate was 6.75%. Higher-priced loans (a rate well above the average for similar loans) were 0.5%. A shift in product mix or member pricing could account for the change.
Home improvement made up 33.3% of its loans and refinance 26.7%, with purchase 19.6%, so it lends mainly to members who already own homes. It turned down 14.4% of first-lien refinance applications on owner-occupied homes, against 20.2% for peers, lower than about two in three similar lenders.
Jumbo loans (larger than the conforming limit) were 11.7% of its lending, against 1.7% for peers and 2.5% five years before, higher than more than nine in ten similar lenders. House prices in its home market may account for much of this.
Originations rose 9% to 14,331, a little below the 14% for peers and the 10% for the whole market. Volume peaked at 22,886 in 2021 and dropped to 13,093 in 2024, which may reflect fewer refinances as rates rose. Outside Seattle it ranks 10 of 326 in Bremerton and 18 of 346 in Spokane, where its share slipped from 2.0% to 1.6%, perhaps as local lenders gained.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Boeing Employees' Credit Union took 22,885 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 33.3% · Refinance 26.7% · Other 20.4% · Purchase 19.6%
Conventional 99.6% · FHA 0.2% · VA 0.2% · of 14,331 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Washington | 13,589 | 94.8% |
| Arizona | 169 | 1.2% |
| Idaho | 159 | 1.1% |
| California | 148 | 1.0% |
| Oregon | 136 | 0.9% |
| South Carolina | 65 | 0.5% |
| Missouri | 23 | 0.2% |
| Illinois | 18 | 0.1% |
| Pennsylvania | 15 | 0.1% |
| Kansas | 9 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Seattle-Bellevue-Kent | 6,131 |
| Everett | 3,261 |
| Tacoma-Lakewood | 2,014 |
| Spokane-Spokane Valley | 363 |
| Bremerton-Silverdale-Port Orchard | 297 |
| Mount Vernon-Anacortes | 259 |
| Olympia-Lacey-Tumwater | 224 |
| Bellingham | 172 |
| Portland-Vancouver-Hillsboro | 148 |
| Phoenix-Mesa-Chandler | 127 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300KM40FP4MSQU941 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 972590 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 562604 | 1990–2012 |
| Respondent ID (the HMDA filer code before 2018) | 9972590 | 2013–2017 |
Established 1 January 1935. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Boeing Employees' Credit Union's data.
Boeing Employees' Credit Union's data
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Boeing Employees' Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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