Olympia Building & Loan, 409 Capitol way, 1920's

Olympia Building & Loan, 409 Capitol Way, 1920's.

Our History - Since 1906

In 1906, a local group led by real estate agent James McDowell founded the Olympia Building and Loan Association. Sound business practices enabled the organization to weather the depression of the 1930s and in 1934, it adopted its present name, Olympia Federal Savings and Loan Association.

Since opening our second branch in 1972 in West Olympia, Oly Fed has expanded to eight branches in Thurston and Mason counties. Although we are now over 110 years old, we certainly don't look our age. With online and mobile banking, innovative checking and lending programs, Oly Fed has changed with the times to serve the needs of our customers. But our commitment to customers and community has remained steadfast.

Lori Drummond

"We are deeply committed to the sound,
proven financial principles that have kept us
consistently profitable for more than a century.

As we look for new and better ways to serve
our customers - we feel our best is yet to come!"

President / CEO 

Mission Statement

Olympia Federal Savings is a local financial institution with a proven commitment to the communities we serve. We are knowledgeable and dedicated to providing personalized competitive financial services that will consistently exceed our customers' expectations.

Did You Know? Mutual Institution
Historic Oly Fed Building