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Overview / Commentary
3721 Oberlin Avenue
Lorain, OH 44053

First Federal Savings of Lorain is headquartered in Lorain and is the 51st largest bank in the state of Ohio. It is also the 1,670th largest bank in the nation. It was established in 1921 and as of December of 2017, it had grown to 93 employees at 7 locations. First Federal Savings of Lorain has a B health rating.

Reviews (1)

Not Recommended

We have not been happy with this bank from the get go. The people they have working for them have no idea what they are doing and have wasted so much of our time. The requested information that was sent to them over and over again because they lost the paperwork and had a horrible attitude. We went in to pay off the loan because we were so unhappy with their services and the teller asked for help from the bank manager who had a very rude attitude. She didn't want to help and didn't offer us to have a seat while she got the correct payoff, she just left us standing at the teller window. Wouldn't you think if someone came in to your bank to pay off a large loan you would be more courteous to them?! Very poor customer service and would never recommend this bank to anyone for anything!!!!!


Health Grade Components

FDIC Certificate #29838
Year Established1921
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0%
Return on Equity - YTD-0.02%
Annual Interest Income$14.4MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$416.1MM$421.4MM
LoansQ4 2017vs Q4 2016$236.8MM$266.4MM
DepositsQ4 2017vs Q4 2016$349.8MM$355.6MM
Equity CapitalQ4 2017vs Q4 2016$63.4MM$62.7MM
Loan Loss AllowanceQ4 2017vs Q4 2016$1.8MM$2.2MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$11.8MM$9.0MM
Real Estate OwnedQ4 2017vs Q4 2016$924.00K$1.5MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Federal Savings of Lorain Savings Account Rates

0.08%--1st E-Advantage
0.06%--Christmas Club Savings
0.04%--Statement Savings
0.04%--Kids Club Savings
0.02%--IRA Savings

First Federal Savings of Lorain Money Market Rates

0.08%*$2,500*-Insured Money Market Fund
OTHER TIERS: 0.03% $100 - $2,500

First Federal Savings of Lorain Checking Account Rates

0.08%$250-1st Classic Advantage: eStatement
0.03%$100-NOW Checking Account
0.02%$250-1st Classic Advantage: Paper Statement

First Federal Savings of Lorain CD Rates

1.90%$250-52 Month CD Special
1.36%$250-35 Month CD Special
1.26%$250-28 Month CD Special
1.06%$250-17 Month CD Special
0.30%$250-2.5 Year CD
0.30%$250-3 Year CD
0.30%$250-4 Year CD
0.30%$100k-2+ Year Jumbo CD
0.25%$250-2 Year CD
0.25%$100k-1-2 Year Jumbo CD
0.15%$250-1.5 Year CD
0.10%$250-1 Year CD
0.10%$100k-271-365 Day Jumbo CD
0.08%$250-182 Day CD
0.08%$100k-90-179 Day Jumbo CD
0.08%$100k-180-270 Day Jumbo CD
0.03%$250-91 Day CD

First Federal Savings of Lorain IRA Rates

0.30%$250-2.5 Year IRA
0.30%$250-3 Year IRA
0.30%$250-4 Year IRA
0.30%$100k-2+ Year Jumbo IRA
0.25%$250-2 Year IRA
0.25%$100k-1-2 Year Jumbo IRA
0.15%$250-1.5 Year IRA
0.10%$250-1 Year IRA
0.10%$100k-271-365 Day Jumbo IRA
0.08%$250-182 Day IRA
0.08%$100k-90-179 Day Jumbo IRA
0.08%$100k-180-270 Day Jumbo IRA
0.03%$250-91 Day IRA

First Federal Savings of Lorain Locations
Huron Branch107 Liberty DriveHuron, OH 44839
1180 Park Avenue Branch1180 Park AvenueAmherst, OH 44001
Port Clinton Branch1840 East Perry StreetPort Clinton, OH 43452
Sandusky Branch207 West Washington RowSandusky, OH 44870
2233 East 42nd Street Branch2233 East 42nd StreetLorain, OH 44055
36690 Detroit Road Branch36690 Detroit RoadAvon, OH 44011
First Federal Savings and Loan Association Of Lora3721 Oberlin AvenueLorain, OH 44053

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