Pacific Financial (OTCMKTS:PFLC) is the bank holding company for Pacific Financial Federal Credit Union, a not-for-profit financial cooperative headquartered in Milwaukie, Oregon. Through its credit union subsidiary, the company provides a wide range of banking services, including share and deposit accounts, consumer and commercial lending, home mortgage financing, and electronic banking solutions. Pacific Financial serves both individual members and small businesses with a focus on competitive rates and personalized customer service.
Founded in 1954 by employees of the former Pacific Power & Light Company, Pacific Financial has grown from a single-sponsor credit union into a multi-state institution. Over the decades, it has expanded its footprint across Oregon, Washington, and southwestern Idaho, opening branches in both urban and rural communities. The company has also invested in digital channels, offering online and mobile banking platforms that enable members to manage accounts, make payments, and apply for loans remotely.
Pacific Financial’s product portfolio includes checking and savings accounts, certificates of deposit, auto and personal loans, home equity lines of credit, and first-mortgage loans. Business members benefit from cash-management services, commercial lending options, and payment processing tools. The credit union subsidiary emphasizes competitive pricing and low fees, leveraging its cooperative structure to return earnings to members in the form of dividends and enhanced services.
Under the leadership of its president and chief executive officer, Chris Steffens, Pacific Financial maintains a member-focused mission that prioritizes financial education and community reinvestment. The company’s board of directors comprises volunteers elected from its membership base, reflecting its cooperative governance model. Pacific Financial continues to support local initiatives and nonprofit partnerships, reinforcing its commitment to economic development and member well-being throughout the Pacific Northwest.
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