Why choose olympia federal savings? Strength You Can Bank On Sound business practices over the years have enabled Olympia Federal Savings to grow to meet the ever increasing needs of our customers. We are a mutually-owned savings and loan association and have eight locations in Thurston and Mason Counties.Did a man rob the olympia federal savings bank? Police are looking for a man who allegedly robbed the Olympia Federal Savings bank in west Olympia on Thursday. The unidentified man entered the bank on Harrison Avenue at 5:23 p.m., said Lt. Paul Lower. The man allegedly gave the teller a note indicating he was armed and intended to rob the bank, he said.Why choose olyfed for smart banking? Whether you’re hosting a night out, depositing a nice bonus, or saving for a special goal, OlyFed has the smart, safe banking solutions for you. 1. Not just a customer – you’re part of the FamOly: We are accountable to depositors like you, not a bunch of anonymous corporate shareholders. 2.