The Federal Savings Bank is headquartered in Chicago and is the 64th largest bank in the state of Illinois. It is also the 1,201st largest bank in the nation. It was established in 2000 and as of December of 2021, it had grown to 1,651 employees at 2 locations. The Federal Savings Bank's money market rates are 36% higher than the national average, and it has an A health rating.
Great Refinance Experience...No Hassle
We refinanced our home with The Federal Savings Bank...What a Great Experience. No runarounds just the truth. Had been referred by a friend and glad we went with them. They were upfront with everything in the beginning and said what they would do and did what they said. They worked really hard, most everything was online, very easy. Great Rate with no hassle and a short start to finish. We closed, payoff in two days, we took out a little for home repairs that was deposited in two days, and can't say enough how much I highly recommend. No Scams here or High cost for pulling out a little for repairs.
SCAMMER ALERT VETERANS
SCAM ALERT - Took us for 1/3 of our monthly income - and did not return phone calls or emails
Then was contacted after several attempts to get answers- and was offered a small $250 Walmart Gift Card to apologize for any inconveniences for food which we never received
They are clever CROOKS - My Brother & Sister Veterans - Please avoid these Smooth talking Crooks by all costs - High Class Scam Artists
Lied to us - and placed hard financial hard ship on our family which we hardly never recovered from
I was Swindled by the Title of a Vice President himself Brandon Downs
CROOKS - CRIMINALS - LIARS
Sincerely- US ARMY DISABLED VETERAN - OPERATION IRAQI FREEDOM 2007 - 2008
Waste Of Time
I wasted an hour in an attempt to open a CD with this bank. They're incompetent and their website is for loans, not for purchasing CDs. If you want a CD they will mail you an application (SMH!).
Data as of Q4 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 35518 |
| Year Established | 2000 |
| Employees | 1651 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 5.72% |
| Return on Equity - YTD | 35.96% |
| Annual Interest Income | $25.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $796.6MM$1.42B |
| Loans | Q4 2021vs Q4 2020 | $614.7MM$1.28B |
| Deposits | Q4 2021vs Q4 2020 | $584.7MM$1.19B |
| Equity Capital | Q4 2021vs Q4 2020 | $165.7MM$160.6MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $2.3MM$2.4MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $5.2MM$7.3MM |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |