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Reviews (3)

24 Month Rate

Posted by: Umbrella | Jun 16, 2012

I was offered 1.25% for their 24 month CD when I phoned 6/15/12.

Opened A Two Year CD Online.

Posted by: grnbsh | Jun 20, 2010

Opened a two-year CD online on 05/31/2010, at 2.51%.  I sent them a check on 06/08/2010 and it was received by 06/10/2010, but the rates dropped to 2%, then to 1.5% in the meantime for the two-year CD.  I was concerned about this, but since they guaranteed the rate to me, everything work out fine.  They answered the phone each time I called, which was two phone calls, and answered after 4-5 rings.  The customer service representative informed me that my rate at the time of opening the account was good for thirty days, which I got in writing, both in e-mail and regular mail.  I informed the service representative that I would write a positive review, because everything went great.  Of course, I appreciate the updates that this website has for the best rates at banks and credit unions.

Broadway Federal Bank Review

Posted by: tomlawler | Jun 16, 2010

I had a poor experience with this outfit last week.  Their 3.56% 6-year CD  attracted my attention so I called their LA office last Monday (6/710).  By the way, their phone system is just plain horrible as it takes several options to finally get a live person.  When I finally do get a person, whose name I'll omit, she states that the rate was still in effect.   I tell her that's great and I'll get my check and application (printed from their website)  in the mail immediately by priority mail.  I do so and it's postmarked that very day.  Two days later I get a call back from the same rep saying that the rate has dropped  over a full percentage point.  Obviously I no longer want the CD, but I inquire why I shouldn't get the promo due to the postmark on my application.  She had no good answer.  Long story short:  This bank wasted my time and is not user friendly.

 

PS   Depositaccounts.com needs to remove Broadway Federal from the  6+ year CD offers.  The 3.56% yield     is no longer available as of 6/8/10. 



Health
A+

Health Grade Components

Overall
FDIC Certificate #30306
Year Established1947
Employees66
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD6.46%
Annual Interest Income$3.6MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$387.2MM$354.0MM
LoansQ1 2016vs Q1 2015$319.9MM$292.3MM
DepositsQ1 2016vs Q1 2015$261.3MM$225.6MM
Equity CapitalQ1 2016vs Q1 2015$50.4MM$41.5MM
Loan Loss AllowanceQ1 2016vs Q1 2015$4.5MM$7.7MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$4.1MM$7.7MM
Real Estate OwnedQ1 2016vs Q1 2015$0$2.5MM
Rates

Sorry, we do not have rate data for Broadway Federal Bank.

Locations


Broadway Federal Bank Locations
170 North Market Street Branch170 North Market StreetInglewood, CA 90301
South Figueroa Street Branch4001 South Figueroa StreetLos Angeles, CA 90037
Broadway Federal Bank, F.S.B.5055 Wilshire Boulevard, Ste 100Los Angeles, CA 90036