BECU, short for Boeing Employees Credit Union, is a not-for-profit financial cooperative headquartered in Tukwila, Washington, United States. Founded in 1935 by 18 Boeing employees, BECU started as a small credit union, primarily serving the workers and families of the Boeing Company. However, as the credit union grew and expanded, it opened its membership to a broader base, including individuals who do not work for Boeing.

Today, BECU is the largest credit union in Washington State, with over 1. 3 million members and assets exceeding $25 billion. BECU offers a wide range of financial products and services to its members.

These include savings and checking accounts, mortgages, auto and home equity loans, credit cards, personal loans, insurance, and investment services. Additionally, BECU provides online and mobile banking services, ensuring convenient access for its members. On a global scale, BECU primarily operates within the United States.

It does not have any noteworthy subsidiaries or joint ventures. However, the credit union has formed partnerships with various organizations to expand its services and reach. Notably, BECU has collaborated with credit unions in other states to allow their members access to BECU's services and ATMs.

In terms of market position, BECU has established itself as a prominent player in the financial industry. It has consistently ranked among the top credit unions in the United States and has a strong customer base. While BECU primarily operates within Washington State, its size and reputation give it a competitive edge over other credit unions and some traditional banks.

Over the years, BECU has achieved several notable milestones. It has expanded its services and membership eligibility, making it more inclusive. Additionally, BECU has made strategic acquisitions, such as the purchase of 25 branches from Washington Mutual in 2009, further strengthening its presence in the region.

As of the latest updates, BECU continues to grow and evolve. It remains committed to its founding principles of serving its members and the community. The credit union regularly introduces new products and enhancements to its services to meet the evolving needs and preferences of its members.

BECU's strong financial position and commitment to providing exceptional member service ensure its continued success in the future