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                                  EXHIBIT 99.2

                              Officers' Certificate
                   Annual Statement of Compliance Certificate
         pursuant to Section 3.10(a) of the Sale and Servicing Agreement
                                   relating to
                  the Trusts per the attached list (Exhibit I)

         The undersigned, the President of Arcadia Financial Ltd. ("AFL"),
pursuant to Section 3.10(a) of the Sale and Servicing Agreements, (the "Sale and
Servicing Agreements"), by and among the Trusts per the attached list (the
"Trusts"), as issuer, Arcadia Receivables Finance Corp. ("ARFC"), as seller, AFL
in its individual capacity and as servicer, and Norwest Bank Minnesota, National
Associates, as backup servicer, hereby certifies on behalf of the Servicer that:

          1.      A review of the Servicer's activities and performance under
                  the Sale and Servicing Agreements during the fiscal year ended
                  December 31, 2002, has been made under my supervision; and

         2.       To the best of my knowledge based on such review, except as
                  specified on the attached Annex, the Servicer has fulfilled
                  all of its obligations under the Sale and Servicing Agreements
                  during the aforementioned period.

         Capitalized terms used but not otherwise defined herein shall have the
meanings assigned to such terms in the Sale and Servicing Agreements.

         IN WITNESS WHEREOF, the undersigned has signed his name.

Dated:   March 27, 2003

                                                ARCADIA FINANCIAL LTD.


                                                By:  /s/ Jerry W. Bayless
                                                         Jerry W. Bayless
                                                         President


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                                    EXHIBIT I

Arcadia Automobile Receivables Trust, 1998-B
Arcadia Automobile Receivables Trust, 1998-C
Arcadia Automobile Receivables Trust, 1998-D
Arcadia Automobile Receivables Trust, 1998-E
Arcadia Automobile Receivables Trust, 1999-A
Arcadia Automobile Receivables Trust, 1999-B
Arcadia Automobile Receivables Trust, 1999-C
(the "Trusts")



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                                    ANNEX
                          To Officer's Certificatec

Arcadia Financial Limited has completed a review of its servicing procedures as
Servicer for the portfolios securitized under the following Trusts as of
December 31, 2002:

1998 - B*, 1998 - C, 1998 - D, 1998 - E, 1999 - A, 1999 - B and 1999 - C.

The Servicer's servicing procedures were the same for its securitized portfolios
and its owned portfolios. The reviewed procedures are in compliance with the
Sale and Servicing Agreements ("Agreements") entered into with the Trusts,
except as stated below. Except as specified below, the dollar amounts and
percentages set forth are on an aggregate basis and are as of December 31, 2002.

    1.  During 2002, delinquencies on bankrupt accounts were underreported by
        approximately $22.4 million, or 4.1% of outstanding receivables (ranging
        from 3.7% to 5.2% for each of the Trusts), and liquidations of
        approximately $14.2 million, or 2.6% of outstanding receivables (ranging
        from 2.2% to 3.8% for each of the Trusts), were delayed. Commencing in
        February 2003, the Servicer has changed its policy on aging of bankrupt
        accounts and related reporting. Consequently, the Servicer will
        charge-off $14.2 million by the end of April 2003. In addition,
        liquidations are expected to increase as the bankrupt accounts age
        prospectively.

    2.  During 2002, the Servicer granted payment deferrals on non-bankrupt
        accounts, which exceeded the permissible parameters under the
        Agreements. The Agreements allow, in part, payment deferrals during a
        monthly period of up to 2% of the average of the beginning aggregate
        principal balance of receivables for such monthly period and the three
        prior monthly periods. For 2002, the Servicer granted payment deferrals
        averaging 2.4% of the aggregate principal balance of receivables. This
        resulted in excess deferrals on $41 million of receivables during the
        course of the year. Although the Servicer believes the deferrals were in
        the best interest of the Trusts because its actions have resulted in
        greater cash flows to the Trusts, the Servicer is modifying its
        servicing to comply with the Agreements.

    3.  There is a discrepancy between the treatment of partial payments in the
        Servicer's system and the requirements of the Agreements. For purposes
        of reporting delinquencies, the Servicer's system treats a payment of
        90% or more as a full payment, whereas, the Agreements do not provide
        for such treatment. As a result, the Servicer's delinquency reports did
        not reflect such loans as delinquent and certain liquidations were
        delayed. This discrepancy affected approximately $18.2 million in
        principal balances for all the Trusts (less than $5.0 million for any
        single Trust). The amount of receivables due for liquidation as of
        December 31, 2002 amounted to approximately $1.3 million, which will be
        charged-off in April 2003. The Servicer is exploring alternative
        remedies to ensure compliance with the Agreements.

    4.  During 2002, the Servicer's policy allowed the obligor, in certain
        instances of total physical damage to the vehicle, to substitute another
        vehicle as collateral for the loan. Such substitution is not permitted
        under the Agreements. As required by the Agreements, the Servicer will,
        by April 2003, repurchase (at par plus accrued and unpaid interest) the
        related balances of approximately $5.9 million, or 1.1% of the
        outstanding receivables, and will not allow future substitutions.

    5.  During 2002, bankruptcy cram-down losses of $1.1 million, or 0.2% of the
        outstanding receivables, taken on loans that as required under the
        Agreements were included in bankruptcy proceedings were reversed when
        the bankruptcy proceedings were dismissed. The reversals reinstated the
        loan principal to reflect the obligor's legal obligation, and were
        posted to the Trusts as recoveries. These reversals are not permitted in
        the Agreements. The Servicer will reinstate the cram-downs in April 2003
        and will not allow these reversals in the future.

    6.  Certain loans did not have liens perfected within 180 days after closing
        date of the securitization as required under the Agreements. These loans
        total approximately $ 0.4 million or 0.1% of the outstanding receivables
        and will be repurchased (at par plus accrued and unpaid interest) from
        the Trusts in April 2003 as required under the Agreements.

    7.  The Servicer does not monitor the status of obligor-maintained insurance
        on the financed vehicles as required under the Agreements. The Servicer
        has, however, complied with its contractual obligation under the
        Agreements to indemnify the Trusts for losses resulting from the
        obligor's failure to maintain insurance and will continue to do so.

    8.  Monthly Servicer reports did not separately state the amounts of
        repurchased, liquidated or paid in full receivables. The data will be
        included beginning with the March 2003 reports.



* Note: The Servicer exercised an optional termination of this Trust in January
2003.