Our Story

P1FCU was organized by 12 employees of Potlatch Forests Inc. and the original organization certificate was issued by the Farm Credit Administration on April 29th, 1938. The first organizational meeting was held almost one month later on May 20th, 1938, where 9 board members were elected after being nominated by the first nominating committee who was appointed by the original incorporators. Since May 20th, 1938, there has been a regular monthly board meeting for the credit union, per our bylaws. Over 80 years, that is more than 950 meetings!

P1FCU was formed by an organized group of people with a common bond who pooled their assets to provide loans and other financial services to each other. The first transactions were conducted out of the trunk of a car and funds were kept secure in a cigar box. By the end of their first year of operation the credit union grew to 353 members.

P1FCU's early branch locations

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  • Our Vision  

    P1FCU will strive to maintain and improve the credit union’s economic value to its members and potential members’ lives to remain relevant going forward into the future, to maintain and increase its market share in the credit union’s operational area, and to remain driven by the members it serves.

  • Our Credit Union  

    Credit unions are not-for-profit cooperatives formed by an organized group of people with a common bond, owned by members, and are operated by mostly volunteer boards. Members of credit unions pool their assets to provide loans and other financial services to each other.

    Other financial institutions are owned by outside stockholders and controlled by paid boards. These factors allow credit unions to pay dividends to their members (not shareholders) and offer them lower loan rates, higher savings rates and fewer service fees.

    P1FCU is a member-owned, not-for-profit financial cooperative. We have grown to now serve members in 19 counties in Idaho, 8 counties 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. Over 80 years later we are staying true to our organizational values while servicing members in a tri-state region.

  • Board of Directors   

    While the federal and state governments regulate credit unions, volunteer boards elected by their membership also govern them. Credit unions don’t answer to stockholders, but to each of their members. The democratic process of our members electing their volunteer board of directors is core to our member/owner tradition.

    Board of Directors

    Michelle Bly
    Wanda Keefer
    Tara Leer
    Kyle Morscheck
    Doug Mushlitz
    Tom Pfliger

    Supervisory Committee

    Tom Luper
    Doug Mushlitz
    Becky Sturmer

  • D & I Statement   

    P1FCU was chartered over 80 years ago and has served individuals from diverse cultural, religious and economic backgrounds for many years. We strive to build a workplace environment of inclusion through a diverse workforce of people, talent and ideas to serve our marketplace that is represented by a demographically broad range of people.

    Our employees are the most important resource in our service commitment to our members and potential members. By applying the principles of trust, honesty, respect, integrity and commitment, we nurture and maximize talent to the benefit of each individual and the credit union. We are committed to recruiting, developing, promoting and retaining the best and brightest employees from all walks of life and backgrounds.

    P1FCU fosters a work environment where diversity is valued, quality of life is enhanced, individual aspirations are encouraged, and the P1FCU family is strengthened. We treat each other with respect and dignity by listening to different viewpoints, opinions, thoughts and ideas and embracing a culture of inclusion.