Philanthropy isn’t as simple as monetary donations. At the core of philanthropic acts is a desire to improve the human condition—to make the world a better place. In Thurston and Mason counties, you need look no further than Olympia Federal Savings to find a local business with a philanthropic heart.
Oly Fed, as the financial institution is commonly called, believes in preserving, protecting and enhancing the community to improve quality of life. One way it achieves this is through its commitment to donate at least 5 percent of its revenue to local nonprofit organizations. For the last several years, it has reached 10 percent. In addition, its employees have logged countless hours volunteering their time and talents.
Secretary of State Kim Wyman recognized Oly Fed for its efforts by awarding it a 2017 National Association of Secretaries of State Medallion.
“Washington is fortunate to have so many caring companies that give back to their communities in a variety of ways,” Wyman said. “This awards program is a great way to recognize companies like Oly Fed that go above and beyond to make a difference.”
The strength of Oly Fed’s commitment to its philanthropic mission is rooted in each of its eight branches and more than 110 employees. Its innovative, people-first approach to business earned it a spot on Seattle Business magazine’s “100 Best Companies to Work For” list, for the third year in a row.
Moreover, recent federal corporate tax reductions have allowed the organization to increase profit sharing for employees, raise its entry-level wage to $15 an hour, and add new positions to better meet customer needs.
“By making these changes and investments, our hope is that we continue to create a lasting legacy that has a positive impact for everyone,” says Lori Drummond, president and CEO of Olympia Federal Savings.
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