First Federal, a Community Lender for Mortgages and Commercial Loans
February 2, 2021
Brand Story - First Federal Savings & Loan Association, headquartered in McMinnville, has roots in the community stretching back to 1922.
Today it is an award-winning financial institution that has been recognized as one of the healthiest banks in America and the best small bank in Oregon. While its staff can help with personal banking and home mortgages, it also has a robust commercial lending department that prides itself on its personal approach to the lending process.
“We’ve always had a focus on community,” says CEO Jim Schlotfeldt. “As a Mutual Savings & Loan Association, we are owned by our depositors, which gives us a different perspective. We don’t have to worry about quarterly earnings calls with analysts so we can make longer-term decisions.”