We are proud to offer our members personal, friendly service, great rates and numerous financial products – all in the spirit of teamwork and cooperation.  Our business philosophy is best described by our mission statement:  “We listen, we serve, we educate, we care... always.”  We are conscious of our roots, mindful of our responsibilities and energized by our potential to aid our members in an increasingly complex financial world.  We are involved in our communities and, like you, appreciative of the dramatic beauty and riches of the Olympic Peninsula.

Peninsula Credit Union is a federally chartered credit union and is regulated by the National Credit Union Administration. Everyone who lives, works, worships, goes to school in Kitsap, Mason, Jefferson, Clallam or Grays Harbor County and/or the immediate family related to a current member is eligible to join.

Our History

Peninsula Credit Union is one of the nation’s first community chartered member-owned credit unions. Our credit union is governed by a volunteer Board of Directors who are elected by the membership. On September 19, 1935, the Rainier Pulp and Paper Company, Shelton, Washington, Federal Credit Union was created.  On August 11, 1958, a modification of the Credit Union’s charter was authorized, making membership available to all residents of Mason County, and was renamed Mason County Federal Credit Union. Since that time other name changes have taken place as the charter has been expanded. Today, Peninsula Credit Union has over $100 million in total assets and our locations serve nearly 20,000 members in Mason County, Kitsap, Clallam, Jefferson and Grays Harbor counties.

About Credit Unions

A credit union is a cooperative financial institution, owned and controlled by the members who use its services. Credit unions are not-for-profit, and exist to provide a safe, convenient place for members to save money and to get loans at reasonable rates. Credit unions serve groups that share something in common, such as where they work, live, or go to church. All credit unions are audited regularly by state or federal examiners to ensure sound financial practices and credit union well-being.

Hermann Schulze-Delitzsch and Friedrich Wilhelm Raiffeisen created the first true credit unions in Germany in 1852 and 1864. In 1864, Raiffeisen organized a new credit union along principles still fundamental today.

“Money alone will improve nothing,” wrote Friedrich Raiffeisen. “Much more important is education in the purposeful use of funds made available by credit unions to bring about improved conditions.”