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Verity
Member-owned credit union serving Washington state since 1933, offering savings, checking, loans, mortgages, and business accounts across 8 branches.
Data compiled from public sources · Rating from CreditDoc methodology
Rates vary
Verity Review
Verity Credit Union was founded in 1933 as Postal Works Credit Union #8 and has operated as a member-owned, not-for-profit financial institution for over 90 years. Headquartered in Seattle's Northgate neighborhood, the credit union has grown to serve more than 38,000 members across 8 branches throughout the Seattle metropolitan area, with total assets exceeding $817 million as of 2023. Verity offers a comprehensive range of financial products including savings and checking accounts, consumer loans, mortgages, credit cards, online banking, business accounts, and business loans.
Members can access digital banking services and mobile app functionality for account management. The credit union maintains competitive rates typical of member-owned institutions and serves individuals across 16 Washington counties. Banker's Innovator of the Year awards.
The credit union's membership is open to anyone living, working, worshiping, or attending school in Washington state, as well as family members of existing members and military personnel (current and retired). This broad eligibility and early social media adoption reflect a member-centric innovation philosophy. As a credit union, Verity operates under strict regulatory oversight from the National Credit Union Administration and member governance structures.
For prospective members, detailed comparison of rates, fees, and specific loan terms would require direct contact or further website exploration.
Services & Features
Business accounts
Business loans
Certificates of deposit (CDs)
Checking accounts
Consumer loans
Credit cards
Military member services and family accounts
Mobile banking app
Mortgages
Multiple branch locations for in-person service
Online banking
Savings accounts
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- Member-owned, not-for-profit structure means profits are returned to members rather than shareholders
- Broad membership eligibility including anyone living, working, worshiping, or attending school in Washington state
- Pioneer in financial services digital innovation—first credit union to launch a blog in 2004
- Established 90+ year track record (founded 1933) with stable asset base of $817.7 million
- Serves military members and their families across 16 Washington counties with dedicated products
- Offers comprehensive product suite including mortgages, business loans, and business accounts
- 8 branch locations across Seattle metropolitan area for in-person service access
Cons
- Limited to Washington state membership eligibility—not available to residents outside WA
- Minimal online web presence and limited digital information available for rate/fee comparison
- Only 8 branches provides less geographic coverage than major banks
- Limited employee base (138 as of 2015) may result in longer wait times during peak periods
- Membership restricted by location/employment requirements; not open to all consumers nationally
Rating Breakdown
Value 5.0
Effectiveness 3.7
Customer Service 3.9
Transparency 4.0
Ease of Use 4.2
Frequently Asked Questions
Is Verity legitimate?
Yes. Verity is a registered company, headquartered in ,, founded in 1933.
How long does Verity take to show results?
Membership approval and account opening typically takes 1-3 business days. Loan decisions are usually faster than traditional banks.
Quick Facts
- Founded
- 1933
- Headquarters
- ,
- BBB Accredited
- No
- Certifications
- NCUA Insured Charter #68517
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
No Website Currently Available
CreditDoc Diagnosis
Doctor's Verdict on Verity
Verity Credit Union is best for Washington state residents and workers who value the member-owned, not-for-profit credit union model and want to support a 90-year-old institution with roots in their community. The primary caveat is strict geographic eligibility—membership requires living, working, worshiping, or attending school in Washington state, making it inaccessible to out-of-state consumers.
Best For
- Washington state residents and workers seeking a community-focused, member-owned financial institution
- Military members and their families eligible for credit union membership in covered counties
- Small business owners needing business loans, business checking, and local relationship banking
- Consumers prioritizing member-owned structure and profit-sharing over national banking convenience
Updated 2026-04-29
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