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Multifamily record
Washington State Employees Credit Union: multifamily loans made
Washington State Employees Credit Union, a credit union based in Olympia, WA, made 69 multifamily loans in 2024 and 2025, $108.4M in all, in 3 states. The typical loan was about $1.3M, and the largest about $7.3M. Most were in King County, WA.
- Evidence
- Multifamily loans made in 2024 and 2025, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Multifamily loans
- 69
- HMDA,
- 2024 and 2025. Manufactured-home parks excluded
- Dollars
- $108M
- HMDA,
- Rounded amounts
- Typical loan
- $1.3M
- HMDA,
- Largest loan
- $7.3M
- HMDA,
- Rounded to 2 significant figures
- States
- 3
- HMDA,
Cite this
Source: The Lender Report, Washington State Employees Credit Union: multifamily loans made, https://lender.report/lender/washington-state-employees-credit-union-wa/multifamily/, data as of December 31, 2025.
The loans, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| 2025 | King County, WA | Purchase, 25 to 49 units | $3.3M | 6.35% | 10 yr | 68% | HMDA 2025 |
| 2025 | Chelan County, WA | Purchase, 5 to 24 units | $3M | 6.03% | 10 yr | 66% | HMDA 2025 |
| 2025 | King County, WA | Purchase, 5 to 24 units | $3M | 6.83% | 10 yr | 64% | HMDA 2025 |
| 2025 | King County, WA | Purchase, 5 to 24 units | $2.3M | 6.16% | 10 yr | 73% | HMDA 2025 |
| 2025 | Snohomish County, WA | Cash-out refinance, 5 to 24 units | $2.2M | 5.73% | 10 yr | 43% | HMDA 2025 |
| 2025 | Douglas County, WA | Refinance, 25 to 49 units | $2.1M | 6.39% | 10 yr | HMDA 2025 | |
| 2025 | Kitsap County, WA | Cash-out refinance, 25 to 49 units | $2M | 6.07% | 10 yr | 65% | HMDA 2025 |
| 2025 | Snohomish County, WA | Purchase, 5 to 24 units | $1.9M | 5.77% | 10 yr | 62% | HMDA 2025 |
| 2025 | Snohomish County, WA | Purchase, 5 to 24 units | $1.8M | 6.16% | 10 yr | 66% | HMDA 2025 |
| 2025 | Benton County, WA | Purchase, 5 to 24 units | $1.7M | 5.8% | 10 yr | HMDA 2025 | |
| 2025 | Multnomah County, OR | Purchase, 5 to 24 units | $1.7M | 6.47% | 10 yr | 71% | HMDA 2025 |
| 2025 | Washington | Refinance, 25 to 49 units | $1.6M | 5.71% | 10 yr | HMDA 2025 | |
| 2025 | Spokane County, WA | Refinance, 5 to 24 units | $1.5M | 5.88% | 10 yr | 72% | HMDA 2025 |
| 2025 | King County, WA | Purchase, 5 to 24 units | $1.4M | 5.97% | 10 yr | 60% | HMDA 2025 |
| 2025 | Spokane County, WA | Refinance, 5 to 24 units | $1.4M | 6.03% | 10 yr | 69% | HMDA 2025 |
| 2025 | King County, WA | Purchase, 5 to 24 units | $1.3M | 6.01% | 10 yr | 49% | HMDA 2025 |
| 2025 | King County, WA | Refinance, 5 to 24 units | $1.3M | 6.06% | 10 yr | HMDA 2025 | |
| 2025 | Kitsap County, WA | Purchase, 5 to 24 units | $1.3M | 6.05% | 10 yr | 60% | HMDA 2025 |
| 2025 | Snohomish County, WA | Purchase, 5 to 24 units | $1.3M | 5.51% | 10 yr | 58% | HMDA 2025 |
| 2025 | King County, WA | Purchase, 5 to 24 units | $1.2M | 6.11% | 10 yr | 38% | HMDA 2025 |
| 2025 | Cowlitz County, WA | Refinance, 5 to 24 units | $1M | 5.98% | 10 yr | 75% | HMDA 2025 |
| 2025 | Pierce County, WA | Refinance, 5 to 24 units | $1M | 6.12% | 10 yr | 51% | HMDA 2025 |
| 2025 | Pierce County, WA | Cash-out refinance, 5 to 24 units | $980K | 5.63% | 10 yr | HMDA 2025 | |
| 2025 | King County, WA | Cash-out refinance, 5 to 24 units | $960K | 5.99% | 10 yr | HMDA 2025 | |
| 2025 | King County, WA | Purchase, 5 to 24 units | $620K | 6.13% | 10 yr | 36% | HMDA 2025 |
| 69 multifamily loans made in 2024 and 2025 | $108M | HMDA 2024 and 2025 | |||||
A blank means the source did not report it.
| Place | As named | Loans | Dollars |
|---|---|---|---|
| King County, WA | County | 17 | $26.6M |
| Pierce County, WA | County | 12 | $23.2M |
| Thurston County, WA | County | 9 | $9.24M |
| Snohomish County, WA | County | 5 | $8.60M |
| Spokane County, WA | County | 5 | $4.66M |
| Kitsap County, WA | County | 4 | $7.40M |
| Washington | State | 4 | $4.76M |
| Lewis County, WA | County | 2 | $2.60M |
| Washington County, OR | County | 2 | $1.28M |
| Yakima County, WA | County | 2 | $900K |
| Ada County, ID | County | 1 | $7.30M |
| Benton County, WA | County | 1 | $1.70M |
A county is named only where the public file holds 5 or more multifamily loans there in the year; otherwise the metro area or the state is.
| Loan size | Loans | Dollars |
|---|---|---|
| Under $1M | 23 | $14.9M |
| $1M to $2.5M | 35 | $52.7M |
| $2.5M to $5M | 9 | $27.8M |
| $5M to $10M | 2 | $13.0M |
| $10M or more | 0 | $0 |
| Year | Loans | Dollars | Typical loan |
|---|---|---|---|
| 2024 | 39 | $64.2M | $1.1M |
| 2025 | 30 | $44.2M | $1.4M |
| Purpose | Loans |
|---|---|
| Purchase | 41 |
| Refinance | 9 |
| Cash-out refinance | 19 |
| Units | Loans |
|---|---|
| 5 to 24 units | 56 |
| 25 to 49 units | 10 |
| 50 to 99 units | 2 |
| 100 to 149 units | 1 |
- Washington State Employees Credit Union made 69 multifamily loans totaling $108.4M in 2024 and 2025, in 17 named places across 3 states. HMDA,
- It made 30 of them in 2025 and 39 in 2024. HMDA,
- The typical loan was about $1.3M, with the middle half between $800K and $1.8M. HMDA,
- The largest was about $7.3M. Every amount is rounded to 2 significant figures. HMDA,
- 23 loans were under $1M, and 2 were $5M or more. HMDA,
- It reported a median rate of 5.99% on 68 loans, with the middle half between 5.80% and 6.16%. HMDA,
- The median term was 10 years. HMDA,
- The median loan to value was 60%. HMDA,
- 41% of the loans were refinancings and 59% were purchases. HMDA,
- The most common property size was 5 to 24 units, with 56 loans. HMDA,
- Its loans were most often in King County, WA (17), Pierce County, WA (12) and Thurston County, WA (9). HMDA,
What we don't know
- Whether Washington State Employees Credit Union is taking new multifamily loans today.
- Its minimum or maximum loan, its fees and its other terms. HMDA reports the rate, term and loan to value, and this page shows what it reports.
- Loans on office, retail, industrial or hotel property. HMDA covers dwelling-secured loans only.
Place is a county only where the public file holds 5 or more multifamily loans of that year there, otherwise the metro area or the state. Amounts are rounded to 2 significant figures and HMDA has a year, never a date.
HMDA covers dwelling-secured loans. Manufactured-home parks are left out of every count.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.