Boeing Employees' Credit Union Review 2023
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At a glance
CDs
Checking
Savings
MMA
About Bankrate Score
Overview
BECU offers members full-service banking without many of the monthly fees found elsewhere. Savers hoping to earn a higher rate of interest — and those who don’t live in the Northwest or South Carolina — may be better off looking at other options.
Highlights
- Highly Rated App
- No Min Balance
- No Monthly Fees
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Overall
Boeing Employees’ Credit Union is one of the largest credit unions in the U.S. It offers members a variety of checking and savings products along with many online banking features. Its accounts come with no monthly fees and other fees are lower than average, though its APYs aren’t the most competitive. Members also get extra benefits, such as ATM refunds and higher rates, when they qualify for the Member Advantage feature.
Pros
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There are no monthly service fees or balance requirements.
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Member Advantage accounts pay higher rates on CDs, money markets and IRAs.
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BECU offers nationwide access to more than 30,000 surcharge-free ATMs.
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Members get discounts on local events.
Cons
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Yields are low compared to other top credit unions.
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Nearly all of the credit union’s branches are located within Washington state.
Boeing Employees' Credit Union banking products
Boeing Employees' Credit Union savings overview
The Member Advantage Savings option is only available for those who also have a Member Advantage checking account. In addition to a high yield that applies to a portion of the members' deposits, account holders get access to monthly ATM fee refunds and higher APYs.
Overall, the APYs on BECU’s savings accounts are not very competitive. But there’s no minimum balance requirements or monthly maintenance fees. Additionally, members get free access to their FICO score.
Pros
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Member Advantage Savings provides a premium rate for the first $500.
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There are no monthly service fees and no minimum balance requirement.
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You can get free access to your FICO score.
Cons
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Standard APYs are less than many top credit unions those of many top credit unions.
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank experience
BECU provides access to more than 30,000 surcharge-free ATMs nationwide. Member Advantage members are refunded for out-of-network ATM surcharges up to $3 a month. There are also more than 50 branches in Washington state as well as a Boeing-employee-only location in North Charleston, South Carolina, for in-person banking.
To get in touch with the credit union for customer service, you can make an appointment online to visit a branch location in person. Phone lines are available throughout the week and on Saturdays through the early afternoon. It’s also possible to get help by sending a message through the credit union’s mobile app.
The BECU mobile app scores well on Google Play and the Apple App Store. Members can take advantage of features like Zelle (a person-to-person payment option), bill pay, account alerts and budgeting tools that allow you to manage external and BECU accounts. You can also add your BECU debit and credit cards to Android Pay, Apple Pay, Samsung Pay, Google Pay, Fitbit Pay and Garmin Pay digital wallets.
Members get rewarded with better rates for having good credit. They also get discounts to community events, such as sporting events and local fairs.
About Boeing Employees' Credit Union
Boeing Employees’ Credit Union is the largest credit union in Washington state and the fourth-largest credit union in the United States. It serves over 1 million members.
Membership at BECU is available to residents, students, employees, business owners and churchgoers in Washington state, and designated counties in Idaho and Oregon. You can also join if you work for Boeing, or are a member of one of two alumni associations or of the NW Credit Union Foundation, which can be joined online. A BECU Hub location in North Charleston, South Carolina, is also available to Boeing employees only.
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
