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Personal Banking

Credit union deposits are insured by the NCUA for up to $250,000 per depositor for each account type, which is similar to the FDIC, which insures deposits held at banks for the same amount. That said, there are ways to structure your credit union accounts to increase your NCUA insurance coverage above this amount. You can do this by opening multiple accounts with different types of ownership, such as a single, joint, trust, corporation/partnership and self-directed retirement account (IRA).

Each account type is insured separately, so having multiple accounts with different ownership types can increase the amount of coverage. For example, this chart created by the NCUA shows how a family of three could be insured for up to $2,500,000.

Structuring accounts can give you more than $250K in NCUA deposit insurance coverage

Credit union deposits are federally insured, but not by the FDIC. Instead, they are insured by a separate government agency called the National Credit Union Administration (NCUA). The NCUA insures deposits at credit unions, while the FDIC insures deposits at banks. Both the NCUA and FDIC offer the same amount of insurance for depositors.

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To connect your Solarity account to mobile payment apps such as Zelle, Venmo, Cash App, Paypal and Google Pay, follow these steps:

1. Download your payment app of choice from your app store.

2. Open the app and create an account. 

3. Verify your phone number and/or email address.

4. Link your bank account or card information to the payment app.

Once your Solarity bank account or card is linked to your payment app of choice, you can use the app to send and receive money directly from your account to other app users.

Certificates are similar to certificates of deposit (CDs), but certificates are issued by credit unions and CDs are issued by banks. At Solarity, we offer great rates on certificates with a variety of term options. Click here to view today's rates.

Yes, we certainly do! We offer personal loans that can be used for just about any purpose including debt consolidation, making a large purchase, home improvements and more. If you are considering a personal loan, you might also want to look at our Solarity Visa® credit card, with its competitive rates and no annual fee or cash advance fee.

To explore all your borrowing options, get in touch with us or start your application online

Solarity membership is open to everyone! You qualify to join Solarity if one of the following applies:

  • You live, work, worship or attend school in the state of Washington -or-
  • You have a family member who is already a Solarity member -or-
  • You are a member of the GoWest Foundation (you can easily join by becoming a “Friend of the Foundation” for a nominal donation)

If you would like to learn more about becoming a Solarity member, get in touch with us! We’ll explain all the options and help you get started.

Your money has a hold on it until the check clears, which is the same process we’ve always had.  Just like when you deposit a check with a teller or from your phone, the funds may be placed on a short hold while the check is being reviewed. We do this to protect you in case there is an issue with the check.

If you have questions concerning your membership or its terms, please contact our Member Contact Center at 800.347.9222.

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