Third Federal Savings and Loan (OH) is headquartered in Cleveland and is the 6th largest bank in the state of Ohio. It is also the 109th largest bank in the nation. It was established in 1938 and as of December of 2018, it had grown to 1,041 employees at 38 locations. Third Federal Savings and Loan (OH) has an A health rating.
After evaluating several options, I selected Third Federal for a home mortgage and CDs. The bank has very competitive interest rates and fees. The company has very knowledgeable and friendly employees that are genuinely looking out for your best interests as they want to maintain you as a lifelong customer.
We have banked at Third Federal for more than 40 years. When we bought our first house we got our mortgage through them and have used them for savings accounts, CD's and other mortgages. The customer service is great, everyone is friendly, very knowledgeable and make it easy to understand.
I love banking at this bank for many reasons. I love the attention the CSRs provide to every customer. On every visit it is like visiting with family. They are warm and welcoming and make you feel like they care about you and your family. There is ample parking so I am in and out very easily whenever I go there. If something looks suspicious on your account they alert you right away. Their rates are competitive and you are almost always guaranteed a loan at a decent rate. I have banked with this bank for many years and would not think about leaving because I am treated with dignity and respect by all employees and not just a number and I like that! This bank also supports humanity efforts and the community which is awesome.
I signed up for a CD online and got a call that their trial deposit system was not working right, so I couldn't ACH funds and I would need to mail a check or go inside a branch. What kind of bank can't figure out why their computers aren't working right? Seemed sketchy to me so I decided not to do business with them.
This bank continually denied access to an account after I presented with a Power of Attorney document as well as court documents providing me complete access to the information I needed. Not only did they deny my access to account balances but they also refunded large sums of money that did not belong to the account holder. They would provide me no information or paperwork despite all the necessary paperwork presented. This even went to the corporate office where they ignored court documents and did as they pleased. I would never consider doing business with them again.
|FDIC Certificate #||30012|
|Return on Assets - YTD||0.61%|
|Return on Equity - YTD||5.7%|
|Annual Interest Income||$451.8MM|
|Assets and Liabilities|
|Assets||Q4 2018vs Q4 2017||$14.21B$13.85B|
|Loans||Q4 2018vs Q4 2017||$12.92B$12.57B|
|Deposits||Q4 2018vs Q4 2017||$8.73B$8.38B|
|Equity Capital||Q4 2018vs Q4 2017||$1.46B$1.45B|
|Loan Loss Allowance||Q4 2018vs Q4 2017||$41.9MM$45.9MM|
|Unbacked Noncurrent Loans||Q4 2018vs Q4 2017||$77.0MM$78.6MM|
|Real Estate Owned||Q4 2018vs Q4 2017||$2.9MM$4.3MM|
Rates for Third Federal Savings and Loan (OH) are currently being reviewed.