P1FCU is headquartered in LEWISTON and is the 2nd largest credit union in the state of Idaho. It is also the 217th largest credit union in the nation. It was established in 1938 and as of December of 2023, it had grown to 415 employees and 127,211 members at 29 locations. P1FCU's CD rates are 5X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership in P1FCU is open to residents of the Idaho counties of Ada, Adams, Benewah, Boise, Bonner, Boundary, Canyon, Clearwater, Gem, Idaho, Kootenai, Latah, Lewis, Nez Perce, Owyhee, Payette, Shoshone, Washington, or Valley; residents of the Oregon counties of Baker, Grant, Harney, Malheur, Morrow, Umatilla, Union, or Wallowa; and residents of Washington State.
See current membership details
Related Posts
8/1 - EXPIRED - P1FCU (ID/OR/WA) 60-Month CD Earns 3.35% APY
12/15/17 - P1FCU (ID/MT/OR/WA) Raises Long-Term CD Rates To All Time Highs
3/5/16 - Potlatch No 1 FCU (ID/WA) Hikes Rates On All Its CDs
8/26/15 - Potlatch No 1 FCU Has Top-Rate 60-Month CD
6/10/13 - Top 5-Year CD Rate Special at P1FCU in Parts of ID and WA
6/9/13 - Potlatch FCU 2.75%APY 60-Month CD
1/19/08 - 5.75% 60-Month / 5.50% 24-Month CD at an Idaho/Washington CU (Potlatch No. 1).
11/3/07 - 5.50% 24-Month / 5.45% 12-Month at an Idaho/Washington CU (Potlatch No. 1).
9/4/07 - 8.00% 108-Day CD at an Idaho/Washington CU (Potlatch No. 1)
Buy Local If Competitive
P1FCU is truly a home town credit union. I have always been treated with friendly respect.
I shop nationally for rates on savings certificates of deposit, but it so happens that P1FCU has competitive rates.
Small Credit Union That Feels Big
This is a local credit union, but has all the services that a larger facility would. Membership is fairly broad and their branch availability is excellent and expanding. They are always friendly and go out of their way to help you out. Their employees and company are an integral part of the communities they serve.
Great Rates But Tedious Process
Ideal if you only want a CD $4000 or less because you only have to go through the process once. There are 3 ways to fund an account: 1) credit card up to $1000 2) ACH up to $4000 3) internal transfer from your savings or checking account. So let's say you have a $15,000 CD that just matured. This means you have to open 4 CD"s and go through about 60% of the tedious process three more times. On CD's after the first one, it remembers your name but not your DOB. It remembers your address but not your occupancy status or for how long. It remembers your email but not that this is your preferred contact method of contact, and although you sent them a scan of your license, you have to enter all the info again.and you'll love this one: they do micro deposits for each CD even though the money is all coming from one account that they may have checked yesterday
I WOULD NEVER RECOMMEND THIS CREDIT UNION
I WOULD NEVER RECOMMEND THIS CREDIT UNION. The loan officer misguided me throughout the entire process. I had only called to inquire about the documents needed, and I had "consented" to what I thought was a soft inquiry as other loan processes officer an initial soft inquiry and because I was not told otherwise, and she pulled a hard inquiry during my very first conversation before I submitted any documents to apply for the auto loan. I explicitly stated and provided a job offer letter of when my start date would be, and she told me that only a verification of employment for my new job would suffice for the application. As a result of her not providing accurate information about the appropriate documents, my application was declined because "I needed a first paystub," and "There are other variables to take into account," that she did not inform me of until after my decline. They said they would need to pull a second hard inquiry because my first paystub would be after the 30 days. She hadn't told me she pulled a hard inquiry until a week later. Her supervisor used the excuse that the loan officer "was new and not aware/trained" and P1FCU's Vice President of Member Services refused to remove this hard inquiry from my account, even after her supervisor admitted that this process was incorrect and were in the wrong. I reported P1FCU to the Better Business Bureau, and the VP said they would not be correcting this and closed the grievance.
I have happily chosen another credit union for my auto loan. This other credit union has an A+ rating; was more professional, efficient, and helpful; and guided me through the whole process to ensure it was done correctly the first time. I encourage everyone to steer clear of P1FCU and be aware of the deficient, unprofessional service that P1FCU provides.
Worst Banking Experience I've Had
I cannot adequately express how awful this credit union is. This credit union overcharges for every service they offer. There are several banks in the LC valley that offer free what P1FCU will charge you for. I've sadly had an account with P1FCU for over two decades and am closing it ASAP. They changed my account WITHOUT PERMISSION to a type where they could charge fees. Bill pay (which is free at BANKS in the LC valley- not tax exempt credit unions like this one) still not included. Employees are often incompetent, they misspelled my name on my checks and debit card multiple times. I have had multiple encounters with rude employees. My wife made the mistake of opening a credit card with them, sent a check which was postmarked prior to due date and got charged maximum fee law allows for check arriving one day late; we were charged something like a $40 late fee for a $15 balance according to the snakes who run this place, when we called to see if they would waive the fee they happily told us too bad, they don't do that. I have no idea how this place is staying in business.
Data as of Q4 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68700 |
| Year Chartered | 1938 |
| Employees | 415 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.32% |
| Return on Equity - YTD | 5.34% |
| Annual Interest Income | $106.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2023vs Q4 2022 | $2.19B$2.02B |
| Loans | Q4 2023vs Q4 2022 | $1.8B$1.68B |
| Deposits | Q4 2023vs Q4 2022 | $1.88B$1.87B |
| Equity Capital | Q4 2023vs Q4 2022 | $129.8MM$120.2MM |
| Loan Loss Allowance | Q4 2023vs Q4 2022 | $7.7MM$5.1MM |
| Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $7.2MM$6.3MM |
| Real Estate Owned | Q4 2023vs Q4 2022 | $2K$0 |
