Established more than 80 years ago, on April 29, 1938, by 12 employees of Potlatch Forests, Inc., P1FCU (Potlatch No.1 Financial Credit Union) is a member-owned, not-for-profit financial cooperative. The company currently serves members in 15 counties in Idaho, eight in Oregon and the entire state of Washington.
“We were organized by a group of individuals with the desire to make lending more readily available for employees of Potlatch Forests, Inc.,” says President and CEO Chris Loseth. “Over 80 years later, we are staying true to our organizational values while servicing members in a tri-state region.”
Credit unions can offer lower loan rates, higher savings rates and fewer service fees. Whether you are looking for an honest financial institution for your personal or business banking and savings needs, a mortgage, home equity, auto, construction, personal or business loan, P1FCU will be there every step of the way to ensure they find the right loan that fits your needs and your budget.
At P1FCU, they apply the principles of trust, honesty, respect, integrity and commitment and are devoted to employing, developing, promoting and retaining the best and brightest employees, which better serves the needs of their members and the community. They value their members, and their needs are the first concern Chris has every day. At P1FCU they work hard to meet those needs to go above and beyond just doing enough to help but instead creating real value for their member's financial lives.
“I grew up around credit unions and saw the difference credit unions made in people's lives,” says Chris. “I experienced how a credit union puts members’ needs first ahead of trying to make a profit from customers.”
Chris says it is truly rewarding to work with a wonderful staff team which has grown from 16 employees in 1989 to 260 staff members 30 years later. “We have invested heavily in building strong organizational values we reinforce daily throughout our organization as we strive to make P1FCU a place where our staff have careers, not just a job.”
He credits the success that P1FCU has seen for more than eight decades to their members and staff. “Our members have made us what we are today. They support us by using our products and services we provide as a financial cooperative,” says Chris. “Our staff creates a relationship with our members and provides quality personal service day in and day out. We continue to offer what our members need with great rates, great technology, and we deliver the level of service that is a must to stay relevant in their financial lives.”
In addition to the services they offer their members, P1FCU employees have donated 5,600 hours of community service to more than 270 organizations this year alone.
To find out more what P1FCU has to offer, you can visit the Bonners Ferry Branch at 6673 Main Street or call 208.746.8900.
“P1FCU is proud to serve the residents of Bonners Ferry and the surrounding area,” says Chris. “We look forward to continue into the future serving your financial needs.”
P1FCU, Potlatch No. 1 Financial Credit Union
6673 Main Street
Bonners Ferry, Idaho 83805