Looked like a good place, Dissapointed very quickly - Loan Coordinator WaFd Bank Employee Review

1.0
Apr 1, 2014
Recommend
CEO approval
Business Outlook

Pros

Work with great staff at branch level, Minus Manager

Cons

Salary is a joke. Go elsewhere make more and not have to cover other peoples jobs. Health Plan is cheap but thats due to the coverage being bad. Benefits are not good,, i am guessing those who say they are have never worked anywhere else. 401k is great if you can afford to pay into it but with below average salary you cant. bonus structure has to many things affecting it. your lucky to get a small one. management is borderline incompetent. Very outdated systems and processes. not competitive with anybody as far as products.

Explore other reviews about WaFd Bank

5.0
Mar 18, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The leadership at all levels is outstanding

Cons

No cons in the bank

2.0
May 28, 2026
Recommend
CEO approval
Business Outlook

Pros

Primarily remote work. Decent PTO after the 4th year.

Cons

Limited staffing and limiting overtime opportunities until the bitter end of potentially missing deadlines, which you are guilted into working. 2% "raise" every January and ZERO merit raises. Gutted profit sharing and profitability bonuses over time. Most recent bonus, which is tied to net profit after dividends, was given a result when the scale was never published. All previous bonuses had a floor-to-ceiling profit scale that showed the targets months in advance of the end of the bonus period.

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