North Coast Credit Union - Ferndale, WA

North Coast Credit Union
5657 Riverside Dr.
Ferndale, WA 98248
Tel: (360) 380-3194
Fax: (360) 380-5819

On May 19, 1939 the City of Bellingham Employee's Credit Union was incorporated; the first Annual Meeting was held at the Bellingham Fire Department headquarters, now the location of the Syre Educational Center next to the Whatcom Museum.

In 1954 membership was expanded to include local postal employees, and other public employees, and by 1970, assets had more than doubled, reaching one million dollars. In 1982 we became Public Employees Credit Union (PECU) to reflect our broader membership.

In 1998, PECU became North Coast Credit Union, to reflect our community charter that now includes residents of Whatcom, Skagit, Island & San Juan counties.

The Credit Union Difference
Credit unions are owned by the credit union's members. Members combine their savings to create a pool of funds from which other members can borrow. The income earned on loans and investments is returned to members in the form of higher savings rates, lower loan rates and additional products.

In addition, credit unions are democratically controlled. Members meet once a year to elect a volunteer board of directors from the membership to oversee the credit union's operations.

North Coast Credit Union is operated by professional management under the direction of a volunteer board of directors. In keeping with the democratic tradition of credit unions, individual members still have a say in how North Coast is operated.

Â© 2006 North Coast Credit Union