Average User Rating:
4 star rating based on 1 review.

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 6-Year CD Rate Continues at Third Federal - 7/11/2012

If you're searching for a 2.00% CD, it's hard to find these days especially if you prefer bank CDs over credit union CDs. In fact, for 5-year bank CDs that are available nationwide, the highest rate t ...

Competitive CD Rates at Third Federal in FL & OH - Available Nationwide - 3/1/2012

When I first reported on the 6-year CD at Third Federal Savings & Loan 3 years ago, the yield was 4.00%. Several commenters considered a rate that low and a term that long as "crazy". Interest rat ...

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...

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
	0.20%^†	$5k	-	Checking Account

Third Federal Savings Account Rates

Apy	Min	Max	Product
0.30%^†	$25k	-	High-Yield Savings Account
0.30%^†	$25k	-	Retirement High Yield Savings

Third Federal CD Rates

Apy	Min	Max	Product
1.25%^†	$500	-	72 Month CD
1.15%^†	$500	-	60 Month CD
1.00%^†	$500	-	48 Month CD
0.90%^†	$500	-	29 Month CD Special
0.70%^†	$500	-	36 Month CD
0.60%^†	$500	-	30 Month CD
0.45%^†	$500	-	24 Month CD
0.35%^†	$500	-	18 Month CD
0.25%^†	$500	-	12 Month CD

Third Federal IRA Rates

Apy	Min	Max	Product
1.25%^†	$100	-	72 Month IRA
1.25%^†	$100	-	72 Month Roth IRA
1.25%^†	$100	-	72 Month SEP IRA
1.15%^†	$100	-	60 Month IRA
1.15%^†	$100	-	60 Month Roth IRA
1.15%^†	$100	-	60 Month SEP IRA
1.00%^†	$100	-	48 Month IRA
1.00%^†	$100	-	48 Month Roth IRA
1.00%^†	$100	-	48 Month SEP IRA
0.70%^†	$100	-	36 Month IRA
0.70%^†	$100	-	36 Month Roth IRA
0.70%^†	$100	-	36 Month SEP IRA
0.60%^†	$100	-	30 Month IRA
0.60%^†	$100	-	30 Month Roth IRA
0.60%^†	$100	-	30 Month SEP IRA
0.45%^†	$100	-	24 Month IRA
0.45%^†	$100	-	24 Month Roth IRA
0.45%^†	$100	-	24 Month SEP IRA
0.35%^†	$100	-	18 Month IRA
0.35%^†	$100	-	18 Month Roth IRA
0.35%^†	$100	-	18 Month SEP IRA
0.25%^†	$100	-	12 Month IRA
0.25%^†	$100	-	12 Month Roth IRA
0.25%^†	$100	-	12 Month SEP IRA

Rates updated: 5/22/2013

Data for Q4 2012

Institution Statistics

Third Federal Savings and Loan Association of Cleveland
OTS #	04544
FDIC Certificate #	30012
BankRate Report	View
Year Established	1938
Employees	1005
Primary Regulator	OCC
Assets and Liabilities
Assets	$11.34 billion
Loans	$10.16 billion
Deposits	$9.05 billion
Equity Capital	$1.54 billion
Loan Loss Allowance	$105.20 million
Unbacked Noncurrent Loans	$183.16 million
Real Estate Owned	$18.61 million
Historic Data - December 2011
Assets	$11.02 billion
Equity Capital	$1.52 billion
Loan Loss Allowance	$96.85 million
Unbacked Noncurrent Loans	$165.73 million
Real Estate Owned	$19.33 million
Profit Margin - Quarterly
Net Interest Margin	2.4%
Return on Assets	0.13%
Return on Equity	0.96%
Interest Income	$410.24 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 December 31, 2012 Third Federal had $201.77 million in non-current loans and owned real-estate with $1.64 billion in equity and loan loss allowances on hand to cover it. This gives Third Federal a Texas Ratio of 12.27% 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 held steady from 11.47% as of December 31, 2011 to 12.27% as of December 31, 2012, resulting in a negative change of 7.03%. This indicates that the balance sheet and financial strength for Third Federal has held steady in recent periods.
Deposit Growth
In the past year, Third Federal has increased its total deposits by $88.6 million, resulting in 0.99% 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 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 $11.34 billion in assets with $1.64 billion in equity, resulting in a capitalization level of 14.50%, which is excellent.

Great Bank!
4 stars

- wacotx46 - Monday, August 6, 2012 - 8:45 AM

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.