STCU Reaches a Milestone with Opening of Its 50th Branch

Posted by Alyse Knudsen on October 8, 2025

In a year of significant milestones, STCU is poised to reach another. The Columbia Center Branch, which opens Oct. 8 in Richland, Wash., will be the 50th branch location for the Spokane-based credit union.

Every day, tens of thousands of STCU members access their accounts through online banking and the STCU Mobile App. Still, “visiting a branch is fundamental to the member experience, and key to our culture and success,” said STCU President and CEO Lindsey Myhre.

“We love meeting our members in person!” Myhre added.

For its first 30 years, STCU had no home of its own. Instead, from 1934-1964, it operated from a second-floor classroom in Spokane’s Lewis & Clark High School. Twenty-three years later, STCU opened its second branch. And even when Myhre started her career in 2000, the credit union had only six branches – all but one in Spokane County.

In recent years, STCU has used mergers and branch acquisitions to efficiently grow its network and serve new and existing members throughout the region. A significant added benefit is gaining valued employees who know their communities well.

Earlier this year, STCU integrated with Community Bank, gaining seven Eastern Oregon branches and three in southeastern Washington. Now, former Community Bank customers enter their favorite branch as STCU members, served by the same familiar employees.

Similarly, in 2021, STCU merged with another credit union, CDFCU, acquiring its knowledgeable employees, loyal members, and five branches in north-central Washington.

“Growth provides us with the resources to better serve members through improved technology, more physical locations, and expanded products and services,” said Myhre. “It gives us more opportunities to support communities and spread our ‘Here for good’ philosophy into new areas.”

Indicators of that growth include some major 2025 milestones: more than 300,000 members, more than 1,000 employees, and more than $6 billion in total assets. Other 2025 highlights include STCU’s Here for Good Foundation reaching $1 million in grants funded since it as established in 2023, and Myhre becoming STCU’s sixth president and CEO – the first woman to hold the title.

“It’s been a big, busy, productive year,” Myhre said. “And it isn’t over.”

Posted in Oregon, Regional Member News, Washington.