When OlyFed was founded in 1906, there were few options for buying or building a home, outside of paying cash. As the capital city began to grow along with state government, more and more families were searching for affordable ways to own a home. OlyFed’s founders responded by creating a mutual savings and loan accountable to its depositors and borrowers. This was an innovative approach to banking at the time and today it remains a socially responsible way of doing business.
From the beginning, OlyFed has been dedicated to making home ownership attainable and affordable, which is why they’re built on the simple equation of locals helping locals. It’s why they have a special affordable home loan program for people earning less than 80% of median income and why they finance all the homes for South Puget Sound’s Habitat for Humanity clients. It’s also the same reason 30 years ago OlyFed’s leadership team helped establish Homes First, a local nonprofit providing safe, healthy and affordable rental homes to those who need them most.
This is what neighbors do for their friends and this is what OlyFed means when they talk about banking that’s mutual. OlyFed is about putting people and home ownership above the bottom line.
Hear why we are hopeful for our future and grateful for your support.