Salal Credit Union

Salal Credit Union is a member-owned financial cooperative that has operated since 1948 and lists a Seattle mailing address; its about page refers to a headquarters building and branch locations on the traditional land of the Coast Salish peoples. It says it has served the licensed and regulated cannabis industry since 2014. Kevin Skinner is president and chief executive. An August 2025 article on its site lists Alaska, California, Colorado, Florida, Illinois, Montana, New York, Oregon and Washington as the states where its business services are available, though the article's summary line omits New York, so confirm availability there.

Cannabis business banking includes checking and savings, cash management with pickup and delivery, remote check deposit, digital banking and vendor payments, domestic and international wires, direct-deposit payroll and ACH processing, and fraud prevention tools. The lending program offers business lines of credit, secured equipment loans, commercial real estate loans for retail and light industrial buildings, commercial solar financing and vehicle loans, with fixed and adjustable rates. Employees of cannabis businesses can open personal checking and savings and apply for auto and home loans. A separate social equity cannabis banking program serves holders of cannabis social equity licenses.

Operators start by requesting a conversation with a cannabis banking specialist through the site. Salal does not publish cannabis account fees or loan rates. It also refers members to partner firms for services beyond banking, and its articles cover practical account rules, such as how a business account can be closed after its balance sits at zero. The state list lives in a separate article rather than on the cannabis page itself, so operators outside the Pacific Northwest should confirm eligibility before applying.