King County Councilmember Pete von Reichbauer hosted BECU CEO Benson Porter at his June “Good Eggs” breakfast.
The group was joined by South King County civic and business leaders at Federal Way’s Twin Lakes Golf and Country Club.
Porter discussed the history of BECU (founded as the Boeing Employee’s Credit Union), which today is the second largest depository in Washington state, highlighting the company’s culture and commitment to its members and the community. BECU is the fourth largest credit union in the United States with 1.1 million members, $18 billion in assets and more than 2,000 employees.
Porter also laid out his expectations for the financial service industry moving forward and the economy as a whole. Given changing demographics and lifestyle preferences of younger generations, Porter expects the industry to continue to become increasingly digital. As for the economy, Porter cautioned that given the long period of sustained economic growth, a recession could lie ahead.