credit union type credit union industry financial services founded 1933 headquarters seattle washington united states number of locations 8 1 area served seattle washington products savings ; checking ; consumer loans ; mortgages ; credit cards ; investments ; online banking total assets 605 824 351 2 members 41 585 3 website smcu.com seattle metropolitan credit union or smcu is a united states credit union headquartered in seattle washington chartered and regulated under the authority of the national credit union administration ncua . contents 1 history 2 locations 3 membership 4 references history edit the credit union was founded by seattle municipal employees in 1933 under the name city credit union before taking its current name in 1997 . 1 in 2003 smcu merged with the teamsters credit union acquiring 11 million in assets 3 100 new members and a single branch location on seattle s denny way . 4 another merger took place in 2007 with credit union northwest . 5 as of 2015 the chief executive officer of smcu is richard romero . 2 locations edit smcu s headquarters is located on 3rd avenue and columbia street in seattle on land sold to it by first interstate bank for 200 000 in 1978 . at the time of the sale the property was being held in trust by the bank for freeman allard a seattle firefighter who had become the beneficiary of his parents estate on their death in 1958 . the washington supreme court would later rule that first interstate s sale of the property to what was then city credit union breached its fiduciary duty to allard by failing to secure the highest value possible . four years after the sale the land was appraised at 7.5 million . 6 in addition to its main office location smcu operates seven branch facilities . membership edit as with all credit unions membership in smcu is limited to individuals sharing the common bond defined in the credit union s charter . this is currently limited to anyone living or working in the state of washington relatives of current smcu members employees of a select employer group seg several seattle headquartered companies that have applied for seg status with smcu references edit a b richard romero chosen as seattle metropolitan credit union ceo . seattle business journal . 31 january 2012 . retrieved 6 january 2014 . a b credit union information . ncua.gov . national credit union administration . retrieved 6 january 2015 . a b fast facts about seattle metropolitan credit union pdf . smcu.com . seattle metropolitan credit union . retrieved 6 january 2015 . seattle metropolitan credit union acquires teamsters credit union . puget sound business journal . 3 september 2003 . retrieved 6 january 2014 . seattle metropolitan cu and cu northwest to merge in june . credit union times . 25 april 2007 . retrieved 6 january 2015 . family wins trust case against bank . spokane spokesman review . 29 april 1983 . retrieved from https en.wikipedia.org w index.php title seattle metropolitan credit union & oldid 737201436 categories companies based in seattlebanks established in 1933hidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 1 september 2016 at 09 20 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view