Central Federal Savings and Loan Association

Central Federal Savings and Loan Association Locations

5953 W Cermak Road
Cicero, IL 60650
708.656.5000
www.centralfederalsavings.com

OverView
Rates
Health
Reviews

Central Federal Savings and Loan Association is headquartered in Cicero and is the 229^th largest bank in the state of Illinois. It is also the 3,342^nd largest bank in the nation. It was established in 1892 and as of December of 2011, it had grown to 47 employees at 3 locations. Central Federal Savings and Loan Association has a 3-star health rating.

Report an Issue

See Rates for: Checking | Savings | Money Market | CD | IRA

Central Federal Savings and Loan Association Checking Account Rates

Apy	Min	Max	Product
0.20%	$50k	-	Preferred NOW Checking with Interest
0.05%	$2,500	-	Super NOW Checking with Interest
0.03%	$200	-	Basic NOW Checking with Interest

Central Federal Savings and Loan Association Savings Account Rates

Apy	Min	Max	Product
0.15%	$20k	-	Passbook Savings Account
0.15%	$20k	-	Statement Savings Account
0.15%	$20k	-	Christmas Club Account

Central Federal Savings and Loan Association Money Market Rates

Apy	Min	Max	Product
0.50%	$100k	-	Platinum Money Market Checking
0.20%	$2,500	-	Gold Money Market Checking

Central Federal Savings and Loan Association CD Rates

Apy	Min	Max	Product
1.40%	$2,500	-	60 Month Special CD - With Checking
1.30%	$2,500	-	60 Month Special CD - Without Checking
0.85%	$2,500	-	5 Year CD
0.84%	$10k	-	5 Year Monthly Income CD
0.80%	$2,500	-	30 Month Special CD - With Checking
0.75%	$500	-	4 Year CD
0.74%	$10k	-	4 Year Monthly Income CD
0.70%	$2,500	-	30 Month Special CD - Without Checking
0.65%	$2,500	-	18 Month Special CD - With Checking
0.65%	$500	-	3 Year CD
0.64%	$10k	-	3 Year Monthly Income CD
0.55%	$2,500	-	18 Month Special CD - Without Checking
0.55%	$500	-	2 1/2 Year CD
0.54%	$10k	-	2 1/2 Year Monthly Income CD
0.45%	$500	-	2 Year CD
0.45%	$2,500	-	13 Month Special CD - With Checking
0.44%	$10k	-	2 Year Monthly Income CD
0.35%	$500	-	1 1/2 Year CD
0.35%	$2,500	-	13 Month Special CD - Without Checking
0.34%	$10k	-	1 1/2 Year Monthly Income CD
0.30%	$2,500	-	7 Month Special CD - With Checking
0.25%	$2,500	-	1 Year CD
0.24%	$10k	-	1 Year Monthly Income CD
0.20%	$2,500	-	7 Month Special CD - Without Checking
0.15%	$2,500	-	182 Day CD
0.10%	$2,500	-	91 Day CD
0.05%	$2,500	-	31 Day CD

Central Federal Savings and Loan Association IRA Rates

	Apy	Min	Max	Product
	0.65%	$2,500	-	1 Year Special IRA

Rates updated: 5/24/2012

Data for Q4 2011

Institution Statistics

Central Federal Savings and Loan Association
OTS #	01567
FDIC Certificate #	28425
BankRate Report	View
Year Established	1892
Employees	47
Primary Regulator	OCC
Assets and Liabilities
Assets	$182.12 million
Loans	$107.53 million
Deposits	$160.84 million
Equity Capital	$18.78 million
Loan Loss Allowance	$1.90 million
Unbacked Noncurrent Loans	$3.59 million
Real Estate Owned	$2.96 million
Historic Data - December 2010
Assets	$191.79 million
Equity Capital	$20.03 million
Loan Loss Allowance	$798,000
Unbacked Noncurrent Loans	$4.00 million
Real Estate Owned	$1.84 million
Profit Margin - Quarterly
Net Interest Margin	3.13%
Return on Assets	-0.81%
Return on Equity	-7.82%
Interest Income	$7.19 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Central Federal Savings and Loan Association had $6.55 million in non-current loans and owned real-estate with $20.67 million in equity and loan loss allowances on hand to cover it. This gives Central Federal Savings and Loan Association a Texas Ratio of 31.67% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Central Federal Savings and Loan Association held steady from 28.03% as of December 31, 2010 to 31.67% as of December 31, 2011, resulting in a negative change of 13.00%. This indicates that the balance sheet and financial strength for Central Federal Savings and Loan Association has held steady in recent periods.
Deposit Growth
In the past year, Central Federal Savings and Loan Association has decreased its total deposits by -$3.36 million, resulting in -2.05% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Central Federal Savings and Loan Association has shown is below average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Central Federal Savings and Loan Association has $182.12 million in assets with $20.67 million in equity, resulting in a capitalization level of 11.35%, which is above average.

No reviews have been left for this bank yet. Be the first to review.