Banks, Credit Unions & Financial Institutions
P1FCU was formed in 1938 by an organized group of people with a common bond who pooled their assets to provide loans and other financial services to each other. The first transactions were conducted out of the trunk of a car and funds were kept secure in a cigar box. By the end of their first year of operation the credit union grew to 353 members.
Credit unions are not-for-profit cooperatives formed by an organized group of people with a common bond, owned by members, and are operated by mostly volunteer boards. Members of credit unions pool their assets to provide loans and other financial services to each other.
Other financial institutions are owned by outside stockholders and controlled by paid boards. These factors allow credit unions to pay dividends to their members (not shareholders) and offer them lower loan rates, higher savings rates and fewer service fees.
P1FCU is a member-owned, not-for-profit financial cooperative. We have grown to now serve members in 15 counties in Idaho, 8 counties in Oregon and the entire state of Washington.
P1FCU has served individuals from diverse cultural, religious and economic backgrounds for many years. We strive to build a workplace environment of inclusion through a diverse workforce of people, talent and ideas to serve our marketplace that is represented by a demographically broad range of people.
Our employees are the most important resource in our service commitment to our members and potential members. By applying the principles of trust, honesty, respect, integrity and commitment, we nurture and maximize talent to the be