First Federal Savings of Lorain
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.10% | 1-year CD | 1 Year CD 1.50% - Ally Bank No Penalty 11-Month CD |
| 0.04% | Savings | Statement Savings 1.20% - Ally Bank Online Savings Account |
| 0.30% | 3-year CD | 3 Year CD 1.60% - Ally Bank High Yield 3 Year CD |
First Federal Savings of Lorain is headquartered in Lorain and is the 51st largest bank in the state of Ohio. It is also the 1,659th largest bank in the nation. It was established in 1921 and as of June of 2017, it had grown to 93 employees at 7 locations. First Federal Savings of Lorain has a B health rating.
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!!!!!
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29838 |
| Year Established | 1921 |
| Employees | 93 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.41% |
| Return on Equity - YTD | 2.72% |
| Annual Interest Income | $7.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $420.6MM$425.8MM |
| Loans | Q2 2017vs Q2 2016 | $236.2MM$264.6MM |
| Deposits | Q2 2017vs Q2 2016 | $353.7MM$355.9MM |
| Equity Capital | Q2 2017vs Q2 2016 | $64.3MM$65.3MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $2.2MM$2.1MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $10.0MM$9.7MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $1.3MM$1.2MM |
Always verify rates and promotions with the bank or credit union. We are not First Federal Savings of Lorain; we are a rate comparison website and cannot provide official rates or promotions.
* 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.08%* | $2,500* | - | Insured Money Market Fund | ||
| OTHER TIERS: 0.03% → $100 - $2,500 | |||||
First Federal Savings of Lorain Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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 Branch | 107 Liberty Drive | Huron, OH 44839 |
| 1180 Park Avenue Branch | 1180 Park Avenue | Amherst, OH 44001 |
| Port Clinton Branch | 1840 East Perry Street | Port Clinton, OH 43452 |
| Sandusky Branch | 207 West Washington Row | Sandusky, OH 44870 |
| 2233 East 42nd Street Branch | 2233 East 42nd Street | Lorain, OH 44055 |
| 36690 Detroit Road Branch | 36690 Detroit Road | Avon, OH 44011 |
| First Federal Savings and Loan Association Of Lora | 3721 Oberlin Avenue | Lorain, OH 44053 |