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216-429-5228
7007 Broadway Avenue
Cleveland, OH 44105

Love. Trust. Respect. And a commitment to excellence. These four values form the cornerstones of Third Federal's promise: to really care about their customers, their communities and each other – and strive to be the best every day in everything they do.

As they've grown during the past six decades, many things have changed about Third Federal: the size of their business, their spectrum of services and the scope of their ever-advancing technology.

Related Posts

Special 39-Month CD Rate at Third Federal - 4/16/2014

Third Federal Savings & Loan is offering a competitive CD special. It has a 1.50% APY with a 39-month term. There’s also a special 19-month CD with a 1.00% APY. Minimum deposit is $500. These spec ...

Special 6-Year CD Rate at Third Federal - Available Nationwide - 8/15/2013

Last month I reported on a special 45-month CD at Third Federal Savings & Loan . That didn’t last long. It has been replaced by a special 6-year CD. This new 6-year CD has a 2.00% APY with a minim ...

New 45-Month CD Rate Special at Third Federal - 7/16/2013

Third Federal Savings & Loan has recently started to offer a 45-month CD special with a 1.50% APY. Minimum deposit is $500. This special is listed in the bank’s CD page as of 7/16/2013. According ...



Reviews (2)

Great Bank!

Nice, friendly staff; very helpful!  Have checking, savings, and home mortgage with them. Competitive rates.  Few locations, however, they have no-fee ATM use at Fifth Third Banks which are everwhere.

 

Mortgage Loans

I found them to be extremely picky about the condition of the property, even though the purchase was for much less than appraised value, and my credit is excellent.



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

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, 2013 Third Federal Savings and Loan (OH) had $169.76 million in non-current loans and owned real-estate with $1.61 billion in equity and loan loss allowances on hand to cover it. This gives Third Federal Savings and Loan (OH) a Texas Ratio of 10.57% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Third Federal Savings and Loan (OH) decreased slightly from 12.27% as of December 31, 2012 to 10.57% as of December 31, 2013, resulting in a positive change of 13.90%.This indicates that the balance sheet and financial strength for Third Federal Savings and Loan (OH) has improved slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, Third Federal Savings and Loan (OH) has decreased its total deposits by -$559.7 million, resulting in -6.18% 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 Third Federal Savings and Loan (OH) has shown is below average.

Capitalization

GRADE:
A+

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. Third Federal Savings and Loan (OH) has $11.35 billion in assets with $1.61 billion in equity, resulting in a capitalization level of 14.16%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #30012
Year Established1938
Employees1004
Primary RegulatorOCC
Assets and Liabilities
Assets$11.35 billion
Loans$10.16 billion
Deposits$8.49 billion
Equity Capital$1.52 billion
Loan Loss Allowance$85.28 million
Unbacked Noncurrent Loans$147.91 million
Real Estate Owned$21.85 million
Historic Data - December 2012
Assets$11.34 billion
Equity Capital$1.54 billion
Loan Loss Allowance$105.20 million
Unbacked Noncurrent Loans$147.91 million
Real Estate Owned$18.61 million
Profit Margin - Quarterly
Net Interest Margin2.44%
Return on Assets0.56%
Return on Equity4.03%
Interest Income$374.37 million
Rates
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Third Federal Savings and Loan (OH) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$25k-High-Yield Savings Account
0.20%$25k-Retirement High Yield Savings

Third Federal Savings and Loan (OH) CD Rates

DetailsAPYMINMAXPRODUCT
1.75%$500-72 Month CD
1.50%$500-39 Month CD Special
1.00%$500-48 Month CD
1.00%$500-19 Month CD Special
0.70%$500-36 Month CD
0.60%$500-30 Month CD
0.50%$500-6 Month CD
0.45%$500-24 Month CD
0.35%$500-18 Month CD
0.25%$500-12 Month CD

Third Federal Savings and Loan (OH) IRA Rates

DetailsAPYMINMAXPRODUCT
1.75%$100-72 Month IRA (Traditional,Roth,SEP)
1.00%$100-48 Month IRA (Traditional,Roth,SEP)
0.70%$100-36 Month IRA (Traditional,Roth,SEP)
0.60%$100-30 Month IRA (Traditional,Roth,SEP)
0.50%$100-6 Month IRA (Traditional,Roth,SEP)
0.45%$100-24 Month IRA (Traditional,Roth,SEP)
0.35%$100-18 Month IRA (Traditional,Roth,SEP)
0.25%$100-12 Month IRA (Traditional,Roth,SEP)
Locations

Third Federal Savings and Loan (OH) has 39 locations. Click to view all Third Federal Savings and Loan (OH) locations.