Join WCRA

Chartered financial institutions and qualified affiliates that operate in Washington are eligible to join the WCRA. This includes national banks and federal savings associations regulated by the OCC and state-chartered banks that are supervised by the FDIC or that are members of the Federal Reserve System. Please contact us if you have questions on eligibility.

Membership
  • Membership applications are reviewed and approved by the existing member bank consortium.
  • A one-time fee of $2,500 is required after membership has been approved.
Pool 1 (Primary WCRA Pool)
  • All members are required to participate in Pool 1 with a minimum investment of $500,000.
  • Pool 1 provides financing for housing and is revolving with a current lending capacity of $118 million.
  • Your portion of Pool 1 will be drawn on as new loans committed to this pool are closed and funded.
Pool 2 (Voluntary Commitment)
  • You may participate in Pool 2 at any amount of $500,000 or more.
  • This pool functions in the same manner as Pool 1.
  • The current lending capacity of Pool 2 is $33 million.
Pool 3 (Voluntary Commitment)
  • You may participate in Pool 3 at any amount of $500,000 or more.
  • Pool 3 provides financing for (non-housing) real estate economic development projects.
  • This pool functions in the same manner as Pool 1.
  • The current lending capacity of Pool 3 is $19 million.
Additional Membership Information
  • WCRA membership is on an ongoing renewable two-year term. If you wish to withdraw from membership, you must notify us in advance of the end of each two-year period as outlined in the WCRA member Credit and Security Agreement (s) that govern each lending pool.
  • If you withdraw membership, you are responsible for funding the loans that were committed to in the pools in which you participated during the term of your membership.