Progressions logo

Progressions in Spokane, WA

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Progressions Credit Union is a member-owned financial institution offering checking, savings, loans, and credit cards with competitive rates and digital banking services.

Data compiled from public sources

Progressions Review

Progressions Credit Union is a member-owned financial cooperative that provides comprehensive banking and lending services to its members. As a credit union, it operates under the regulatory oversight of the NCUA (National Credit Union Administration) and emphasizes member benefits over shareholder profits. The organization has established itself as a full-service financial institution with a physical branch network and digital banking capabilities.

Progressions offers a diverse range of financial products including high-yield checking accounts (Kasasa Cash Back and Kasasa Cash Checking up to 5.00% APY), savings accounts with certificates of deposit (up to 3.75% APY), money market accounts, and listed savings programs like YES! Savings and Smart Saver Round Up. On the lending side, they provide auto loans (as low as 4.24% APR), home loans (purchase, refinance, and home equity), personal loans, credit builder loans, motorcycle loans, and boat/RV financing. They also issue their own VISA credit cards (as low as 10.99% APR) and offer youth accounts designed for younger members.

Progressions differentiates itself through member-focused services and community involvement. They provide Skip A Pay options, Early ACH Direct Deposit, mobile deposit capabilities, shared branching access through the CO-OP network, text banking, and a FREE Virtual StrongBox for document storage. Their Vehicle Center helps members navigate auto purchasing and financing. They offer member discounts on tax preparation services and financial education resources including calculators and an "Adulting" section. The credit union emphasizes security with a dedicated Security Center and investment protection programs.

While Progressions presents itself as a comprehensive financial institution, potential members should note that membership eligibility requirements exist (details not fully specified on the website). The organization acknowledged technical issues with their It's Me 247 online banking platform at the time of this profile, suggesting occasional service reliability challenges. As a credit union, they operate on a membership model rather than as a traditional bank, which may appeal to some consumers but requires joining their membership base.

Services & Features

Auto Loans
Certificate of Deposit (CDs) accounts
Credit Builder Loans
Early Direct Deposit/Early ACH
Home Equity Loans
Home Purchase and Refinance Loans
Kasasa Cash Back Checking with debit card rewards
Kasasa Cash Checking with high APY
Mobile Deposit
Money Market Accounts
Personal Loans
Shared Branching through CO-OP network
Skip A Pay loan deferment service
Smart Saver Round Up program
Text Banking
VISA Credit Cards
Vehicle Center auto buying assistance
Virtual StrongBox document storage

Feature Checklist

Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection

Pros & Cons

Pros

  • High-yield checking accounts up to 5.00% APY with Kasasa products, rate claims to verify
  • Kasasa Cash Back checking provides debit card rewards, a rare feature among credit unions
  • Comprehensive loan options including auto, home, personal, and credit builder loans at rate claims to verify
  • Shared branching network through CO-OP provides access to additional physical locations beyond their own
  • Free digital services including mobile deposit, text banking, and virtual document storage (Virtual StrongBox)
  • Member discounts on tax preparation and insurance products
  • Youth-focused accounts (SmartKid and SmartTeen) designed for financial education and early banking habits
  • Skip A Pay service allows members to defer loan payments when facing temporary hardship

Cons

  • Technical issues reported with It's Me 247 online banking platform as of the profile date
  • Membership eligibility requirements may restrict access compared to traditional banks (specific criteria not clearly detailed on website)
  • Credit card APR starting at 10.99% is relatively high compared to some competitors
  • Website does not provide listed fee schedules for overdraft protection or other account fees
  • Limited information about membership approval process and eligibility criteria on public website

State Consumer Finance Context

This is state-level context for Credit Unions consumers in Spokane, WA. It does not confirm that Progressions or this specific location is licensed.

State regulator

Washington Department of Financial Institutions

Key state rules to check

  • Payday loans capped at $700 or 30% of gross monthly income, whichever is less.
  • Maximum fee of 15% on first $500 and 10% above $500.
  • Borrowers limited to eight payday loans per 12-month period.

Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.

Mortgage Lending Transparency

Progressions processed 16 mortgage applications in 2023, with 100% recorded as approved across 2 states.

16

Applications

100%

Approval Rate

$114K

Avg Loan

2

States Served

Approval Rate by Applicant Income

$50K–$100K
100%
$100K–$200K
100%

Based on 16 applications. Income in thousands (reported by applicant).

States With Recorded Applications

Washington 15 apps · 93.3%
Idaho 1 apps · 100%

Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.

Frequently Asked Questions

What services does Progressions offer?

Progressions offers 18 services including Kasasa Cash Back Checking with debit card rewards, Kasasa Cash Checking with high APY, Certificate of Deposit (CDs) accounts, Money Market Accounts, Smart Saver Round Up program, and 13 more.

What profile signals are listed for Progressions?

Progressions has profile signals associated with Members seeking high-yield checking and savings accounts with competitive APY rates, Consumers interested in auto financing combined with rewards-based checking accounts, Individuals building or rebuilding credit through credit builder loans and secured products, Families looking for youth banking accounts with educational financial management tools.

What are the strengths and weaknesses of Progressions?

Key strengths: High-yield checking accounts up to 5.00% APY with Kasasa products, rate claims to verify; Kasasa Cash Back checking provides debit card rewards, a rare feature among credit unions; Comprehensive loan options including auto, home, personal, and credit builder loans at rate claims to verify. Areas to consider: Technical issues reported with It's Me 247 online banking platform as of the profile date; Membership eligibility requirements may restrict access compared to traditional banks (specific criteria not clearly detailed on website).

How does Progressions compare to similar companies?

In the Credit Unions category, comparable providers include BECU credit union, Express Credit Union, Salal Credit Union – First Hill Branch. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.

Quick Facts

Founded
1933
Headquarters
Spokane, WA
BBB Accredited
No
Certifications
NCUA Insured Charter #68255
Visit Progressions

CreditDoc Profile Note

Research Note on Progressions

Progressions Credit Union is best suited for consumers seeking a member-owned alternative to traditional banks with rate claims to verify on both deposits and loans, particularly those interested in high-yield checking accounts or auto financing. The main caveat is that membership eligibility requirements exist and must be met before opening accounts, and potential members should verify their eligibility and be aware of ongoing technical issues with the online banking platform.

Profile Signals

  • Members seeking high-yield checking and savings accounts with competitive APY rates
  • Consumers interested in auto financing combined with rewards-based checking accounts
  • Individuals building or rebuilding credit through credit builder loans and secured products
  • Families looking for youth banking accounts with educational financial management tools
Updated 2026-05-14

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Quick Summary

  • Progressions is listed as a Credit Unions provider in Spokane, WA on CreditDoc.
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