Pros
The biggest pro would be benefits, however, I am seeing other employers not only match what BECU offers, but are now surpassing them. The work/life balance is pretty good, but I'm also seeing a decline in that as well as BECU evolves and continues to operate more like a bank and less like a credit union. Unfortunately, it appears as though BECU is still banking on their reputation from years ago and as a result are quickly falling significantly behind.
Cons
The organization is reluctant to adapt and retain talent. BECU has made it clear that they would rather lose employees than make adjustments where needed. BECU offers below market salaries, but does have an annual bonus. However, BECU leadership continues to make the bonus harder to attain every year and introduces more dependencies on other teams and company performance which puts reaching this further out of the individual's control. BECU's lack of an ability to adapt and getting away from the spirit of being a credit union has been driving down member (and employee) satisfaction which in turn reduces bonuses. Icing on the cake is that the bonus is not even guaranteed and it's possible that it won't be paid out which is scary knowing it is a large portion of your compensation. Merit increases are pegged in the 2-3% range annually and BECU will do anything in their power to not do anything above that. I know I don't need even need to say it, but no, they do not even keep up with inflation/cost of living increases. The promotion and compensation adjustments are just flat out disappointing and honestly will leave you feeling disappointed and unappreciated. I would love to be able to highly promote BECU as an employer as I did years ago, but unfortunately all I can do at this point is say you can do better elsewhere and it will save yourself a lot of frustration.
