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Boeing Employees' Credit Union Review 2024

Updated January 23, 2024
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At a glance

4.4
Rating: 4.4 stars out of 5
Bankrate Score
Caret Down

CDs

Rating: 4.5 stars out of 5

Checking

Rating: 4.8 stars out of 5

Savings

Rating: 3.5 stars out of 5

MMA

Rating: 4 stars out of 5

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
Compare offers
Info
Bank logo
Member FDIC
Savings Account
4.30
%
APY
APY
Info
As of 4/16/2024
Rating: 4.9 stars out of 5
$1
Min. balance for APY
View offer Arrow Right
Promoted offer:
Bank logo
Member FDIC
Savings Account
5.00
%
APY
APY
Info
As of 4/16/2024
Rating: 4.9 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Promoted offer: Plus, no monthly fees and unlimited free external transfers
Bank logo
Member FDIC
Savings Account
5.15
%
APY
APY
Info
As of 4/16/2024
Rating: 5 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Promoted offer:

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

  • Checkmark

    There are no monthly service fees or balance requirements.

  • Checkmark

    Member Advantage accounts pay higher rates on CDs, money markets and IRAs.

  • Checkmark

    BECU offers nationwide access to more than 30,000 surcharge-free ATMs.

  • Checkmark

    Members get discounts on local events.

Cons

  • Yields are low compared to other top credit unions.

  • Nearly all of the credit union’s branches are located within Washington state.

Boeing Employees' Credit Union banking products

3.5
/5
Rating: 3.5 stars out of 5
See methodology Compare savings rates
SCORE BREAKDOWN
APY offering:
0.50%
Rating: 2 stars out of 5
2/5
Info
Minimum balance to earn interest:
$1.00
Rating: 5 stars out of 5
5/5
Info
Monthly service fee:
$0.00
Rating: 5 stars out of 5
5/5
Info
Minimum balance to avoid fee:
$0.00
Rating: 5 stars out of 5
5/5
Info
Access to funds:
Great
Rating: 5 stars out of 5
5/5
Info
FEATURES
Invest Rate
0.50% APY
Info
Loan
$1 minimum deposit to open

Boeing Employees' Credit Union savings overview

To join the Boeing Employees Credit Union, one of three savings accounts must be opened: the Member Advantage Savings account, Member Share Savings account or Early Saver account. The Early Saver account is for those under age 18, while the Member Share Savings account is a basic option for savers.

With a Member Share Savings, members can open the account with no minimum deposit requirement, no monthly fee, receive free access to their FICO score and a free savings ATM card. The account earns a low interest rate, but members can upgrade to the Member Advantage Savings account and earn a much higher rate on up to $500 of their balance.

The Member Advantage Savings option is only available for those who also have a Member Advantage checking account.

Pros

  • Checkmark

    Member Advantage Savings provides a premium rate for the first $500.

  • Checkmark

    There are no monthly service fees and no minimum balance requirement.

  • Checkmark

    You can get free access to your FICO score and a free ATM card.

Cons

  • Standard APYs are less than those of many top credit unions.

  • See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

    Boeing Employees' Credit Union
    APY
    APY
    Info
    National average APY
    How do we get this data?
    Info
Compare Offer
Info
Bank logo
Member FDIC
Savings Account
4.30
%
APY
APY
Info
As of 4/16/2024
Rating: 4.9 stars out of 5
Info
$1
Min balance for APY
View offer Arrow Right
Promoted offer:

Bank fees

Fee Charged?
Overdraft fee $10
Non-sufficient funds fee $10
Account maintenance fees None
Incoming wire transfer fee None

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.

Customer experience

Branch and ATM access. 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, and it offers access to shared branches through the CO-OP network.

Customer service. 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 weekdays 7 a.m. to 7 p.m. PT, and Saturdays 9 a.m. to 1 p.m. PT. It’s also possible to get help by sending a message through the credit union’s mobile app.

Mobile banking features. 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.

Discounts. Members get discounts to community events, such as sporting events and local fairs, as well as financial products, such as QuickBooks.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

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.