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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

Third Federal’s New 49-Month CD Rate Special - 6/11/2014

Third Federal Savings & Loan just came out with a new CD special, and the rate is very competitive. It has a 2.00% APY with a 49-month term. The bank continues to offer two other CD specials. The ...

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 ...



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 Q2 2014

Institution Health

B+

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Third Federal Savings and Loan (OH) had $160.24 million in non-current loans and owned real-estate with $1.65 billion in equity and loan loss allowances on hand to cover it. This gives Third Federal Savings and Loan (OH) a Texas Ratio of 9.72% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Third Federal Savings and Loan (OH) experienced no significant changes from 10.76% as of June 30, 2013 to 9.72% as of June 30, 2014, resulting in a positive change of 9.62%.This indicates that the balance sheet and financial strength for Third Federal Savings and Loan (OH) has had no significant changes in recent periods.

Deposit Growth

GRADE:
B

In the past year, Third Federal Savings and Loan (OH) has increased its total deposits by $27.12 million, resulting in 0.31% 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 above 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 $11.68 billion in assets with $1.65 billion in equity, resulting in a capitalization level of 14.10%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #30012
Year Established1938
Employees1009
Primary RegulatorOCC
Assets and Liabilities
Assets$11.68 billion
Loans$10.51 billion
Deposits$8.80 billion
Equity Capital$1.57 billion
Loan Loss Allowance$82.50 million
Unbacked Noncurrent Loans$139.64 million
Real Estate Owned$20.59 million
Historic Data - June 2013
Assets$11.10 billion
Equity Capital$1.57 billion
Loan Loss Allowance$96.52 million
Unbacked Noncurrent Loans$139.64 million
Real Estate Owned$20.35 million
Profit Margin - Quarterly
Return on Assets0.61%
Return on Equity4.58%
Interest Income$185.75 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
2.00%$500-72 Month CD
1.65%$500-49 Month CD Special
1.05%$500-29 Month CD Special
1.00%$500-48 Month CD
0.70%$500-36 Month CD
0.65%$500-19 Month CD Special
0.60%$500-30 Month CD
0.45%$500-24 Month CD
0.35%$500-18 Month CD
0.30%$500-12 Month CD
0.25%$500-6 Month CD

Third Federal Savings and Loan (OH) IRA Rates

DetailsAPYMINMAXPRODUCT
2.00%$100-72 Month IRA
1.75%$100-60 Month IRA
1.00%$100-48 Month IRA
0.60%$100-30 Month IRA
0.45%$100-24 Month IRA
0.35%$100-18 Month IRA
0.30%$100-12 Month IRA
Locations

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