Third Federal

7007 Broadway Avenue
Cleveland, OH 44105
216-429-5228
www.thirdfederal.com

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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.

Third Federal Routing Number: 063192191

Competitive Long-Term CD Rate at Third Federal in Florida & Ohio - 7/14/2011

I last reported on Third Federal Savings & Loan about 29 months ago when its 6-year CD had a 4.00% APY. Several commenters considered a rate that low and a term that long as "crazy". Two and a hal ...

4.00% 6-Year CD at Third Federal Savings & Loan - Nationally Available - 2/19/2009

Third Federal Savings & Loan is offering a 4.00% APY CD for a term of 72 months. The minimum deposit is $500. Other competitive long-term CD rates include a 3.50% APY 60-month CD and a 3.25%% APY 48-month CD. Minimum deposit is $500. These rates are...

5.15% 48-Month CD at Third Federal Savings & Loan in Florida - 9/10/2008

Update 9/22/08: The CD yield for terms of 48 months and longer have fallen to 4.75% APY. Please check the bank's website for the latest rates.Third Federal Savings & Loan is offering a 5.15% APY CD on terms from 48 to 72 months for those in South...

4.00% 4-Month CD at Third Federal Savings & Loan - Nationally Available - 8/28/2008

Update 10/25/08: This special 4% 4-month CD is no longer available. Please check with the bank for the latest rates and specials.Third Federal Savings & Loan is offering a special 4.00% APY 4-month CD. The minimum deposit is $500, and there is no...

2008

2007

6/13 - 5.50% 8-Month CD at a Florida Bank (Third Federal)

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See Rates for: Checking | Savings | CD | IRA

Third Federal Checking Account Rates

	Apy	Min	Max	Product
	0.30%^†	$5k	-	Checking Account

Third Federal Savings Account Rates

	Apy	Min	Max	Product
	0.50%^†	$25k	-	High-Yield Savings Accounts

Third Federal CD Rates

Apy	Min	Max	Product
2.00%^†	$500	-	72 Month CD
1.80%^†	$500	-	60 Month CD
1.50%^†	$500	-	48 Month CD
1.15%^†	$500	-	36 Month CD
0.90%^†	$500	-	30 Month CD
0.75%^†	$500	-	24 Month CD
0.60%^†	$500	-	18 Month CD
0.50%^†	$500	-	12 Month CD
0.40%^†	$500	-	6 Month CD

Third Federal IRA Rates

Apy	Min	Max	Product
2.00%^†	$100	-	72 Month IRA
2.00%^†	$100	-	72 Month Roth IRA
2.00%^†	$100	-	72 Month SEP IRA
1.80%^†	$100	-	60 Month IRA
1.80%^†	$100	-	60 Month Roth IRA
1.80%^†	$100	-	60 Month SEP IRA
1.50%^†	$100	-	48 Month IRA
1.50%^†	$100	-	48 Month Roth IRA
1.50%^†	$100	-	48 Month SEP IRA
0.90%^†	$100	-	30 Month IRA
0.90%^†	$100	-	30 Month Roth IRA
0.90%^†	$100	-	30 Month SEP IRA
0.75%^†	$100	-	24 Month IRA
0.75%^†	$100	-	24 Month Roth IRA
0.75%^†	$100	-	24 Month SEP IRA
0.60%^†	$100	-	18 Month IRA
0.60%^†	$100	-	18 Month Roth IRA
0.60%^†	$100	-	18 Month SEP IRA
0.50%^†	$100	-	12 Month IRA
0.50%^†	$100	-	12 Month Roth IRA
0.50%^†	$100	-	12 Month SEP IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

Third Federal Savings and Loan Association of Cleveland
OTS #	04544
FDIC Certificate #	30012
BankRate Report	View
Year Established	1938
Employees	942
Primary Regulator	OCC
Assets and Liabilities
Assets	$10.85 billion
Loans	$9.75 billion
Deposits	$8.93 billion
Equity Capital	$1.50 billion
Loan Loss Allowance	$101.44 million
Unbacked Noncurrent Loans	$183.58 million
Real Estate Owned	$20.25 million
Historic Data - September 2010
Assets	$11.03 billion
Equity Capital	$1.33 billion
Loan Loss Allowance	$87.17 million
Unbacked Noncurrent Loans	$245.36 million
Real Estate Owned	$18.38 million
Profit Margin - Quarterly
Net Interest Margin	2.38%
Return on Assets	0.2%
Return on Equity	1.44%
Interest Income	$320.40 million

Institution Health

Overall Score:

4 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 September 30, 2011 Third Federal had $203.84 million in non-current loans and owned real-estate with $1.6 billion in equity and loan loss allowances on hand to cover it. This gives Third Federal a Texas Ratio of 12.76% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Third Federal decreased slightly from 18.63% as of September 30, 2010 to 12.76% as of September 30, 2011, resulting in a positive change of 31.48%.This indicates that the balance sheet and financial strength for Third Federal has improved slightly in recent periods.
Deposit Growth
In the past year, Third Federal has decreased its total deposits by -$266.5 million, resulting in -2.9% 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 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. Third Federal has $10.85 billion in assets with $1.6 billion in equity, resulting in a capitalization level of 14.72%, which is excellent.