X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SEATTLE – The $4.3 billion Boeing Employees Credit Union (BECU) does not plan to open new branches in other cities as it shifts into serving a state-wide field of membership, but will stick with express service centers, of which it already has seven, and is looking into shared branching, according to an article in the Seattle Post-Intelligencer. The 316,000-plus member credit union, 30% of whom are Boeing employees, decided to make the shift after concluding that Boeing’s days of being among the biggest employers in the region were over. “The board said, `We don’t think Boeing will ever be the dominant employer in Puget Sound that it has been; the number of employees will not build up to the levels’ previously seen,’ ” BECU CEO Gary Oakland told the paper. “ We’re not going to go out and open branches in Spokane,” Oakland said. “We’ll work it like ripples in a pond from where our brand recognition is strongest,” he told the paper.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.