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Saving Money
Credit Unions

UNDERSTAND

The University of Washington has partnered with three local credit unions to help you save more and better manage your finances: Harborstone Credit Union (formerly Prevail CU), School Employees Credit Union (SECU), and Washington State Employees Credit Union (WSECU). These credit unions are not-for-profit financial institutions offering a line of products and services with competitive rates, low or no fees, easy access, and a commitment to making your life easier.

How do credit unions differ from other financial institutions?

Credit unions are mutual organizations. In most cases, their only source of capital comes from member shares and retained earnings. In general, they don't issue stock or other securities; they're governed by their members, and voting is on the basis of one vote per person, regardless of an individual’s balance. Members own the credit union, use its services, and may volunteer to participate in its administration. Credit unions view themselves as cooperatively organized to meet the needs of their members and as an alternative from traditional financial service suppliers. Most credit unions are part of the Credit Union System that consists of organizations at the local and national levels.

Benefits of Credit Union Membership

The benefits of joining a credit union are many. These include:

Once you join a credit union, you're always a member. It doesn't matter if you change jobs, move or retire—you can maintain your credit union membership and account(s). Compare and join any of the credit unions listed below.

ACT

Credit Unions

Harborstone Credit Union (formerly Prevail CU)

Membership includes everyone in Washington State.
Web: www.harborstone.com

School Employees Credit Union (SECU)

Membership is generally limited to school, college, and university employees and their families.
Web: www.schoolemployeescu.org

Washington State Employees Credit Union (WSECU)

Membership includes Washington state public employees, school district personnel, and their family members.
Web: www.wsecu.org

EXPLORE

Saving & Investment Seminars

Financial Education & Counseling Services
Credit unions listed on this page participate in the BALANCE program, a financial education and counseling service designed to help you take control of your finances and reach your goals. Learn more.

Your Money Matters
Learn how to better manage your money. Check out these free Credit Union Seminars.