Celebrating 115 Years of Mutual Banking
Founded in 1906, just 17 years after Washington was established as a state, we began as a mutual bank to help the community save in a safe and secure way while providing loans to make homeownership possible and affordable.
The community supported the neighbor-helping-neighbor business model of OlyFed as it was designed to be accountable to customers, not far-away shareholders; always putting people first. Local business owners quickly saw the value of mutual relationship banking and also turned to us for financial advice and support.
Through all the ups and downs of a 115-year history, OlyFed has persisted as a dependable, knowledgeable and caring community partner. The bank has remained relevant by advancing with technology, all while delivering products, services and expertise so that every person in our community continues to thrive and prosper. That is why our bank has survived two world wars, the Great Depression, the Great Recession, earthquakes and other natural disasters and most recently a worldwide pandemic.