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STCU passes second membership milestone of the decade

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Spokane Teachers Credit Union in Liberty Lake, Wash., which does business as STCU, is celebrating its second membership milestone of the decade.

The $3.2 billion-asset institution announced Thursday it had surpassed 200,000 members, doubling the size of its membership in just eight years. First chartered in 1934, STCU did not hit 100,000 members until 2011.

“While growth is wonderful, I’m most proud that STCU works so hard to build relationships, one member at a time,” President and CEO Ezra Eckhardt said in a press release. “We keep the ‘heart of the member’ in every decision we make.”

This is STCU’s second milestone of the year, having surpassed $3 billion in assets earlier in 2019. It passed $2 billion in 2014.

Membership is open to residents of Washington and Northern Idaho, and the credit union has branch locations in both states with two more planned for 2020. Eckhardt said STCU plans to increase its emphasis in the new year on serving members via mobile, social and web-based channels in order to better serve consumers beyond the branch.

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