Line of Credit Renewal Recommended with First Federal

Olympic Medical Center’s finance team recommended renewing its $3 million line of credit with First Federal to support short-term liquidity while planning to begin paying down the balance by early next year. The recommendation follows review by the Finance Committee and will be brought forward for formal board action.

Scope & details

The full contract record, as filed.

Contract amount

$3,000,000

Contract type

FINANCIAL_SERVICES

Renewal

Renewal of existing $3 million line of credit at current terms; intent stated to start paying down the balance by the beginning of next year.

Document type

AgendaPacket

Source document

Clallam County Public Hospital District No. 2 Board of Commissioners Business Meeting Agenda Packet 2026-08-19

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Olympic Medical Center?

First Federal was awarded this financial services contract by Olympic Medical Center, as recorded on August 19, 2026. The contract value is $3,000,000.

How much is the First Federal contract with Olympic Medical Center worth?

The First Federal contract with Olympic Medical Center is valued at $3,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Clallam County Public Hospital District No. 2 Board of Commissioners Business Meeting Agenda Packet 2026-08-19 (AgendaPacket), dated August 19, 2026 from Olympic Medical Center. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Federal hold?

First Federal may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Olympic Medical Center currently buying?

Explore Olympic Medical Center's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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