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Everybody's Got Their OlyFed Story

With all that’s transpired in our communities over the past year, we asked some of our Executive Team and Senior Leaders what Banking that’s Mutual means to them. They each responded with their own unique perspective about how OlyFed puts people above the bottom line. Below you’ll find their stories along with a great sense of passion each of our team members bring to serving the needs of our customers and community.

Relationships Above the Bottom Line

Many people are familiar with not-for-profit credit unions and for-profit banks; however, not much is known about mutual savings banks like OlyFed. That’s because we are different. We’re in our own unique category called you-profit. As a mutual, we’re accountable to you, our customers, not corporate shareholders. With our business model, mutual means more…for your wallet, for your future and for your community.

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Values Above the Bottom Line

Since the beginning we’ve valued our relationships with our customers, employees and community above all else. In fact, if you look up OlyFedder in the urban dictionary you’ll find a description of our extraordinary group of financial professionals who find joy and purpose in the work we do. This is why it so important for us to take care of the people who care for our customers…

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Local Business Above the Bottom Line

A little over a year ago private sector jobs surpassed public sector jobs as the main providers of income in Thurston County. Moreover, of those businesses, 51% had less than 100 employees, meaning small enterprise entrepreneurs drive our local economy…

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Home Ownership Above the Bottom Line

When OlyFed was founded in 1906, there were few options for buying or building a home, outside of paying cash. At that time, some insurance companies offered mortgages, but they were very different from the home loans we’re familiar with today…

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Savings Above the Bottom Line

When Savings is part of your name, you had better be dedicated to helping your customers improve their financial quality of life. That’s exactly what James McDowell had in mind when he and a group of community leaders started Olympia Federal Savings in 1906. At the time, most people in town kept their money in the safe at Talcott Jewelers, when this team of innovators had the idea of helping their friends and neighbors save their money safely and securely while providing a reasonable rate of return …

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Technology Above the Bottom Line

I don’t know how many times over the past few months I heard someone say, can you imagine going through this pandemic 10 years ago without the technology we have today…

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Generosity Above the Bottom Line

Almost 35 years ago I started my career as the receptionist here at OlyFed, following in the footsteps of our now CEO Lori Drummond who had since been promoted to an administrative marketing role. I remember being surprised by three things when I was hired. First, the people were genuinely kind, thoughtful and friendly. Second, the culture was truly built on making a meaningful difference in the lives of our customers. Third, the organization did not fit my perception of banks; it was incredibly generous when it came to sharing its resources with its employees and our community…

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