Our Lacey and Westside branch ATMs are currently under repair and not available. We apologize for the inconvenience.

Welcome to OlyFed

OlyFed? Sure, you might know us as the financial institution that sponsors everything. But our day job is really about serving our communities as a locally based mutual bank. That means we answer to you, our depositors and borrowers; not shareholders.

From the beginning, business at OlyFed has been built on the simple equation of locals helping locals. We’re thankful for this opportunity to connect with you. Please reach out with any questions; we’re glad to help.

A Message From Our Chief Banking Officer, Jennifer Arnold

Since 1906, we’ve been dedicated to making homeownership attainable and affordable, which is why we remain a portfolio lender that doesn’t sell its loans on the secondary market. To us, that would be like selling the relationships that we’ve built with our customers and our community.

Living Room in The Laurana in downtown Olympia Washington

A History of Homeownership

With loans and deposits staying local, you can rest assured knowing your dollars are reinvested back into the community in which you work and live. This improves our local education systems, social services and municipalities, which in turn help strengthen property values and our local quality-of-life.

Jennifer Arnold, SVP Chief Banking Officer

The Mutual Bank Difference

We became the community’s first mutual bank in 1906, where people could build a real financial future for themselves. Our core mission is focused on what we do with our resources to better serve the needs of our employees, customers and community.

Framing in custom built home under construction near Evergreens in Tumwater, WA.

Home Loan Options

We offer the same great rate with no risk-based pricing with our home loans, you’ll get our advertised rate regardless of credit score. Part of putting people above the bottom line includes trusting people, not computers, to make our lending choices. We will always work to provide the best service and deal for you.

We have a trusted Residential Relationship Manager that is dedicated to helping you identify resources within your community. Put her years of first-hand experience and partnerships to work for you. Contact Barbara Whitlow today!

Woman holding welcome sign

Our caring and knowledgeable team has the tools, strategies, and resources to help you accomplish your goals. Our non-commissioned loan officers are a resource that work on your behalf. If you’d like to start by speaking with a real person, we like your style!


For the past 128 straight quarters (32 years), OlyFed has received a five-star superior rating from Bauer Financial, an independent rating agency. Only 1% of the nation’s banks have earned Bauer’s top rating for so long and with such consistency.

Branch Manager at Westside branch location in Olympia