First Federal Savings of Lorain


Overview / Commentary
440-282-6188
3721 Oberlin Avenue
Lorain, OH 44053-2761

First Federal Savings of Lorain is headquartered in LORAIN and is the 55th largest bank in the state of Ohio. It is also the 1,770th largest bank in the nation. It was established in 1921 and as of September of 2024, it had grown to 77 employees at 6 locations. First Federal Savings of Lorain's money market rates are 9X the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #29838
Year Established1921
Employees77
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-0.67%
Return on Equity - YTD-6.8%
Annual Interest Income$13.1MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$512MM$530.6MM
LoansQ3 2024vs Q3 2023$344.9MM$358.7MM
DepositsQ3 2024vs Q3 2023$407.2MM$425.9MM
Equity CapitalQ3 2024vs Q3 2023$52.4MM$49MM
Loan Loss AllowanceQ3 2024vs Q3 2023$1.6MM$1.7MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$3.2MM$2.9MM
Real Estate OwnedQ3 2024vs Q3 2023$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.08%$10-1st E-Advantage
0.08%$10-Student Savings
0.06%$10-Christmas Club Savings
0.04%$10-Statement Savings
0.04%$10-Kids Club Savings
0.02%$0-Savings IRA

First Federal Savings of Lorain Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.75%*$100k*-Choice Money Market
OTHER TIERS: 1.00% $10k - $25k | 2.00% $25k - $50k | 3.00% $50k - $100k
0.08%*$2.5k*-Insured Money Market Fund
OTHER TIERS: 0.03% $100 - $2.5k

First Federal Savings of Lorain Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.15%$250-8 Month CD Special
4.00%$250-5 Month CD Special
3.75%$250-23 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

APYMINMAXACCOUNT NAMEVIEW 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
Locations


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 AveLorain, OH 44053

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