News & Press

First Federal Welcomes VP Loan Operations Manager

November 2018

Barbara Colson has joined First Federal Savings and Loan Association as Vice President Loan Operations Manager. Colson is a highly experienced banking professional, most recently serving as Vice President and Manager of Loan Operations of Premier Community Bank located in Hillsboro. She also has experience from OnPoint Community Credit Union and US Bank in Hillsboro. Over her career, Colson has held several positions of increasing responsibility and developed broad expertise in lending procedures, compliance, and talent management. She was previously a member of the Hillsboro Lions Club, and also taught financial education in Hillsboro elementary schools through the local Financial Beginnings program. She is looking forward to participating in volunteer activities in the McMinnville area. When she isn’t working, she can be found gardening, camping, and creating crafts and floral designs. Please join us in welcoming her to First Federal.

First Federal Honored with 10th Portland Business Journal Corporate Philanthropy Award

October 2018

First Federal was awarded a 2018 Corporate Philanthropy Award from the Portland Business Journal at an awards banquet at the Hilton Hotel in downtown Portland on October 17th. The award recognizes First Federal's charitable giving programs and the commitment it represents to the community. This is the 10th consecutive year First Federal has earned this honor.

The Portland Business Journal Corporate Philanthropy Awards celebrates the most generous companies in Oregon and southwest Washington. This year, 40 companies were honored in four categories: Small, Medium, Large, and Enterprise. Businesses in each category were ranked according to their financial contributions.

First Federal moved from the small company category up to the medium company category this year and ranked seventh overall for charitable contributions last year of $202,892.

“We are proud to support our many Yamhill County nonprofit organizations through cash donations and volunteer efforts. This year our 88 employees volunteered 3,300 hours of volunteer time. Their continued commitment to sustaining our local communities is what continues to drive First Federal’s charitable giving programs. It is a great honor to be recognized as leaders for corporate giving in the state of Oregon," said Jim Schlotfeldt, President and CEO.

Since 1999, First Federal has donated more than $2.6 million to nonprofits in Yamhill County. Donations are made through the Customer Ballot, Community Rewards, Scholarship and Internship Programs, as well as through numerous local organizations and event sponsorship.

Community Shred Days Held

October 2018

Security is a priority at First Federal and helping community members protect their identities is just one of the ways First Federal is helping to create a safer community for everyone in Yamhill County. In 2018 First Federal hosted Shred Days in April and October in Sheridan, Newberg and McMinnville, bringing commercial shredding service to the bank parking lots to provide quick, confidential and secure shredding. The event was free, but customers were encouraged to bring food for local food pantries. During those three events, over 721 vehicles came through the parking lots and the Iron Mountain trucks shredded more than 41,200 pounds of paper! Folks donated over 1,167 pounds of food and $272 in cash to be donated to local food banks. The next Community Shred Day will be held on April 13, 2019 in Newberg. 

Shred Day

First Federal Welcomes New Board Member

July 2018

Tonna Farrar, JD has been selected to join the Board of Directors at First Federal. Farrar has more than two decades of legal experience, and practices in the areas of insurance bad faith, consumer litigation, equine law, disability insurance, transactional and corporate matters. For more than a decade, Farrar served as lead counsel in national banking and insurance class action litigation. She is licensed in four states and last fall opened an office in Newberg, to better serve local clients in her own community. She is the Managing Partner of TKF Law LLC in Oregon, representing business owners and individuals in the Valley. In order to serve her clients in other areas, she is also a Partner with Evangeline Fisher Grossman Law in California, and serves Of Counsel to Comitz | Beethe PLLC in Arizona. She brings experience as both a banking litigation attorney and a representative of local businesses. Please join us in welcoming her to First Federal. 

First Federal Awards Scholarships

June 2018

First Federal awarded eight $1,500 scholarships to outstanding seniors in Yamhill County, and we are pleased to recognize them for their academic achievements and involvement in their schools and communities - Conner Mull (Amity High School), Araceli Ceras Estrada (Dayton High School), Burgundy Edwards (McMinnville High School), Carina Baca (Newberg High School), Rebekah Smith (Sheridan High School), Madison Konavalov (Willamina High School), Nicole Armstrong (Yamhill Carlton High School), and Anna Millage (C.S. Lewis Academy, and recipient in “at large” category for private and home schooled students in Yamhill County).


First Federal Community Rewards Program Donates $20,000 to Non-Profits Based on Customers' Volunteer Efforts

June 2018

Now in its 10th year, First Federal reopened its Community Rewards program on May 1. The program pays $2 for each hour our customers volunteer with a local non-profit, up to a maximum of $500 per organization. In three months, First Federal customers had volunteered over 10,000 hours. Sixty-six (66) non-profit organizations working in Yamhill County received funds as part of this program. A big thanks to 410 customers who volunteered their time to do good works and earn money for their favorite non-profits!

Community Rewards

First Federal Internship Program at Linfield College Helps Nonprofits

May 2018

First Federal and Linfield College have partnered for the 8th year to provide Community Internships to five Linfield students during spring term 2018. The students take on short-term project-based paid internships with charitable organizations in Yamhill County. This year the students are working on projects for Juliette’s House Child Abuse Intervention Center, Hope on the Hill, SNACK: Student Nutrition & Activity Clinic for Kids, Lutheran Community Services, and Yamhill County Gospel Rescue Mission. The internship program is a wonderful community partnership, having great impact on both the lives of the students and the organizations for which they intern.

Community Internships

Teach Children to Save

April 2018

Teach Children to Save (TCTS), sponsored by the American Bankers Association Foundation, is celebrated annually during Financial Literacy Month in April. Bankers from across the country demonstrate their commitment to community by teaching young people the value of saving. First Federal staff visited 12 Yamhill County elementary schools to teach over 700 students about the importance of saving.

You Voted, We Donated! $40,000 to Local Nonprofits

March 2018

For the 20th year, First Federal customers have helped allocate thousands of donation dollars through the Customer Ballots program.  We know it's important to serve our neighbors by providing exceptional personal banking options and by investing in nonprofit organizations in our community. That's why we donate $40,000 annually through our annual Customer Ballots program based on our customers' votes.  To date, over $760,000 has been donated to nonprofits through this program.   Checks are being delivered now to 85 Yamhill County nonprofits.  The organizations receiving the most votes this year are Homeward Bound Pets, YCAP Food Bank, Pregnancy Counseling & Information Center, The Soup Kitchen @ St. Barnabas, and Newberg Animal Shelter Friends.  Thank you, First Federal customers, for helping determine how this money will be shared! 

Blankets, Books, & Toy Drives this Holiday Season

December 2017

For the 21st year, our employees, customers and friends have generously donated to First Federal's Holiday Blanket & Book Drive, allowing us to deliver 579 blankets and 1,072 children's books to YCAP to be distributed this holiday season to Yamhill County families in need. First Federal branches have also been collecting items for local toy drives and Trees of Giving. Thank you to all for helping us help our neighbors this holiday season!

Community Matters

Our philosophy continues to guide our decision-making and strengthen our dedication to our customers and our community. When you bank with us, your money is invested here and stays here, working for and giving back to our community.

Giving Programs

Community Support

Financial Education