First Federal (WA)


Overview / Commentary
360-457-0461
105 W 8Th St
Port Angeles, WA 98362

First Federal (WA) is headquartered in Port Angeles and is the 12th largest bank in the state of Washington. It is also the 633rd largest bank in the nation. It was established in 1923 and as of December of 2019, it had grown to 197 employees at 12 locations. First Federal (WA)'s CD rates are 12% higher than the national average, and it has an A health rating.

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Reviews (1)

The Nordstrom's Of Banks

Posted by: |

I've been a First Fed customer for 13 years, and am still periodically amazed by how naturally customer service comes to them. They are an old-fashioned conservative bank, so getting a mortgage from them is no cakewalk, but in every other regard, they make life incredibly easy.

My favorite First Fed story: Several years ago, I mistook a 4 in the thousands column of my checkbook register for a 9, and proceeded to record my balance $5,000 higher than it actually was in my checking account. While making a smallish debit-card purchase, my card bounced. First I tracked my balance back and found the error. I called First Fed immediately to tell them I'd be in the next day to move money around. Here's what they said to me: "Oh, there's no rush. We'll just hold off on clearing any checks for the next couple of days til you come in." As a result, there were no fees of any kind attached to my blunder. What bank does this for a garden-variety retail customer?

(I realize this story makes me sound like a serious flake. I'm actually not -- there were a bunch of special circumstances temporarily in play.)



Health

Health Grade Components

Overall
FDIC Certificate #28405
Year Established1923
Employees197
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD6.46%
Annual Interest Income$49.2MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.30B$1.24B
LoansQ4 2019vs Q4 2018$879.1MM$863.9MM
DepositsQ4 2019vs Q4 2018$1.01B$950.0MM
Equity CapitalQ4 2019vs Q4 2018$147.7MM$137.7MM
Loan Loss AllowanceQ4 2019vs Q4 2018$9.6MM$9.5MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.7MM$1.6MM
Real Estate OwnedQ4 2019vs Q4 2018$62.00K$72.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not First Federal (WA); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Federal (WA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$100-Statement Savings
0.10%$100-Transaction Savings
0.10%$25-Holiday Club
0.10%$1-Kids Club Savings
0.10%*$25k*-Education IRA Savings
OTHER TIERS: 0.05% $25 - $25k
0.10%*$25k*-Roth IRA Savings
OTHER TIERS: 0.05% $25 - $25k
0.10%*$25k*-Traditional IRA Savings
OTHER TIERS: 0.05% $25 - $25k

First Federal (WA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*-First Rate Money Market
OTHER TIERS: 0.05% $1k - $50k | 0.10% $50k - $100k

First Federal (WA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%*$100k*-Cascade Checking
OTHER TIERS: 0.00% $25 - $1k | 0.01% $1k - $100k

First Federal (WA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.21%$100-5 Year CD
1.16%$100-4 Year CD
1.11%$100-3 Year CD
1.01%$100-1 Year CD
0.95%$100-2 Year CD
0.55%$100-6 Month CD
0.20%$100-3 Month CD
0.15%$25-9 Month Variable Rate CD
0.05%$100-46 Day CD

First Federal (WA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.21%$500-60 Month IRA CD
1.16%$500-48 Month IRA CD
1.11%$500-36 Month IRA CD
1.01%$500-12 Month IRA CD
0.95%$500-24 Month IRA CD
Locations

Availability



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