Credit union · NCUA insured
Cheney Federal Credit Union
Top CarrotA $148.7M credit union headquartered in Cheney, WA, with 6,438 members and 2 branches in Washington. Best rates: CDs 3.65% and savings 0.75% APY.
Cheney Federal Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 80% of U.S. banks and credit unions
#5 of 27 in Spokane, WA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Cheney Federal Credit Union
Founded in 1951, Cheney Federal Credit Union is a member-owned financial cooperative headquartered in downtown Cheney, Washington.
Originally chartered as Cheney Public Employee's Federal Credit Union to serve government employees from EWU's Showalter Hall, it later built its 520 1st Street building in 1988.
The credit union added a second location off I-90 in 2017 and serves people in the Cheney and Medical Lake School Districts.
- Headquarters
- 520 1st St, Cheney, WA 99004-1603
- NCUA charter
- 7101
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Individuals who live, work, worship, or attend school in the Cheney or Medical Lake School Districts are eligible for membership.
Family and household
- Immediate family members of individuals who live, work, worship, or attend school in the Cheney or Medical Lake School Districts are eligible for membership.
Branches
2 branches in Washington
Loading map…
Washington
2 branches
- Head OfficeMain office520 1st St, Cheney, WA 99004Directions
- Westbow Branch10505 W Westbow Rd, Spokane, WA 99224Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 10.01% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.55% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.60% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $58 | $76 | — |
- CapitalNet worth ratio10.01%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.55%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.60%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$58Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Cheney Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.