Yakima Federal Savings & Loan Association · Yakima, WA United States
Company Description
Phone: 509-248-2634
Fax: 509-575-8405
Toll Free: 800-331-3225
View Yakima Federal Savings & Loan Association Locations On A US Map
This link will open in a new window
This link will open in a new window Yakima Federal Savings and Loan serves central and eastern Washington through about a dozen branches. The thrift provides checking and savings accounts, money market accounts, certificates of deposit, and individual retirement accounts. Mortgages secured by one- to four-family residences make up about 90% of Yakima Federal Saving' loan portfolio; unlike many of its peers, the bank doesn't sell its mortgage loans on the secondary market. Customers who deposit more than $100 with Yakima Federal Savings become owners, making it one of the largest mutually owned thrifts in the western US. The bank was founded in 1905. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Yakima Federal Savings & Loan Association Financials
| Company Type | Private - Mutual Company Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $74.2 |
| Employees | 129 |
Yakima Federal Savings & Loan Association Executives
14 executives listed for Yakima Federal Savings & Loan Association's Yakima, WA location.
| Title | Name & Bio | Contact |
| Chairman | Wally Hall | Network |
| Vice Chairman | Richard Strain | Network |
| President, CEO, and Director | Peter Bansmer | Network |
Competition
Competitive Landscape for Yakima Federal Savings & Loan Association
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Yakima Federal Savings & Loan Association Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!