The Old Capitol Building Downtown Olympia

The Old Capitol Building Downtown Olympia.

About Us - The Oly Fed Difference

For more than 110 years, Oly Fed has remained a mutual savings and loan that is owned by our account holders. We don’t have to make decisions based on the pressures of Wall Street; rather we are here to support you, our customers and neighbors.

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.

We are a portfolio lender and loans remain with Oly Fed throughout their lifetime and for most our customers a face-to-face consultation with one of our professional, knowledgeable and compassionate bankers is just a short walk, bike ride or drive from home.

We get to know you better so that we can find a way to make your dreams a reality. At Oly Fed, answers and help come from real people, not automated phone and computer systems that often leave you frustrated and left without the information you need. 

That doesn’t mean we’re not up-to-date when it comes to technology; we also provide our customers with the modern conveniences of online and mobile banking features, so if you’re out of town or just more comfortable managing your account from the comforts of your couch you can do that too!

With eight branches in Thurston and Mason counties and combined assets of over $590 million, we have maintained a focus on not only serving our customers, but also on how we give back, as a company and as individuals. Oly Fed is truly a great combination of community passion and local banking at its best.

Our Board of Directors

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WAYNE E. STALEY

COB, President/CEO
Olympia Federal Savings,
retired

KATHLEEN BAUKNIGHT

Director of Real Estate,
St. Martin's Abbey,
retired

LORI G. DRUMMOND

President/CEO,
Olympia Federal Savings

MARY E. GENTRY

Attorney, Bean, Gentry,
Wheeler & Peternelli,
PLLC Attorneys at Law,
retired

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JOHN M. MAXWELL

Senior Vice President,
HDR/Economic and
Engineering Services,
retired

ROY F. HEYNDERICKX

President,
Saint Martin's University

JOHN W. WARJONE

President,
Port Blakely Tree Farms,
LP, retired

EDWARD L. WACK

Director Emeritus,
President/CEO,
Olympia Federal Savings,
retired