About Us

Mission Statement | Community Dividend Program | History | Directors | Officers | Press Releases

Our Vision for First Federal

First Federal is committed to being a local, community focused financial institution, pledging our resources to the customers and communities we serve.

Mission Statement (top)

We support our customers, encourage economic development and improvement of the quality of life in the communities we serve by providing superior customer service, innovative financial products, and outstanding financial performance.

Community Dividend Program (top)

By our very design as a community organization, no other bank on the peninsula can do what we can do. We have the desire to whole-heartedly serve our community, reinvesting into everything we love about the Olympic Peninsula.

Our History (top)

First Federal is the only locally owned and managed savings bank on the North Olympic Peninsula. We opened our doors in 1923 under the name of Lincoln Savings and Loan. As time went on many things changed: Our name, our size, and the ever-growing list of products and services that we offer. We know you will find that our commitment to our communities, to our customers, and to our staff has remained strong.

We made our first home loan on April 18, 1923, for $500.00. The proud new owners had a payment of $10.82 per month, wood heat, no electricity and no indoor plumbing!

During the lean times of the 1930's we continued to pay dividends to our savings accounts and to make the loans which contributed to the stability and growth of our communities.

In the 1940's, First Federal sold war bonds and made money available to returning veterans through the Soldier's and Sailor's Civil Relief Act.

In 1961, the Hood Canal Bridge opened, as did First Federal's downtown office. We have remodeled that branch as part of the Downtown Port Angeles Revitalization Project.

The Port Angeles pier and waterfront were dedicated in 1980 and the Sequim Branch Library opened in 1983. During those years, First Federal was busy growing along with the financial needs of the area. We are one of the few mutually owned financial institutions in the State of Washington. Our reason for existence is to supply the community with a safe and sound bank where we encourage savings and invest those savings by making loans to you and your neighbors. This philosophy, and business style has helped people prosper in our community for over 89 years.

Today we are nine branches strong, serving Clallam, Jefferson and Kitsap Counties from Forks to Port Townsend to Poulsbo. In addition, in August we opened a lending center in Bellingham.  First Federal is rooted in the values and traditions that have strengthened our communities, and to this day continues its commitment to provide the best in financial services and community support, because we are community people!

Directors (top)

2013 Board of Directors
Back Row:  David Flodstrom, Larry Hueth - Interim President/CEO, David Blake, Lloyd Eisenman
Front Row:  Joyce Ruiz, Cindy Finnie, Jennifer Zaccardo, Stephen Oliver
Seated:  Richard Kott - Chairman 
 

First Federal Board of Directors 

• Richard G. Kott, Chairman
• Stephen E. Oliver, Vice-Chairman
• David A. Blake
• Lloyd J. Eisenman
• Cindy Finnie
• David T. Flodstrom
• Larry J. Hueth 
• Jennifer Zaccardo 

officers  (top)

First Federal Officers

 

press releases (top)