Third Federal Savings and Loan (OH) is headquartered in Cleveland and is the 7th largest bank in the state of Ohio. It is also the 129th largest bank in the nation. It was established in 1938 and as of June of 2021, it had grown to 988 employees at 37 locations. Third Federal Savings and Loan (OH) has an A health rating.
Related Posts
1/9 - Third Federal S&L Raises 39-Month CD Special
3/17 - Third Federal Increases Rates On Its 38Mo And 17Mo Special CDs
2/7 - Third Federal S&L Adds Three CD Specials, Available Nationwide
6/10/14 - 2.00% APY 49-Month CD At Third Federal
4/16/14 - Special 39-Month CD Rate at Third Federal
8/15/13 - Special 6-Year CD Rate at Third Federal - Available Nationwide
7/16/13 - New 45-Month CD Rate Special at Third Federal
7/11/12 - Competitive 6-Year CD Rate Continues at Third Federal
3/1/12 - Competitive CD Rates at Third Federal in FL & OH - Available Nationwide
7/14/11 - Competitive Long-Term CD Rate at Third Federal in Florida & Ohio
2/19/09 - 4.00% 6-Year CD at Third Federal Savings & Loan - Nationally Available
10/25/08 - 4.00% 4-Month CD at Third Federal Savings & Loan - Nationally Available
9/22/08 - 5.15% 48-Month CD at Third Federal Savings & Loan in Florida
8/28/08 - 5.00% 60-Month CD at Third Federal Savings & Loan - Nationally Available
8/14/08 - 5.00% 48-Month CD at Third Federal Savings & Loan - Nationally Available
3/22/08 - 4.50% 55-Month CD at a Florida Bank (Third Federal Savings & Loan).
6/13/07 - 5.50% 8-Month CD at a Florida Bank (Third Federal)
7/10/06 - 4.50% Checking Account with $5K Min at Third Federal
12/9/05 - 5% 26-Month CD Available Online
Competitive Prices, Great Customer Service
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.
Customer Service Is Top Notch!
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.
May Want To Consider Other Options
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.
Wish I Hadn't Gone This Route! BAD Customer Service!
I started an application with Third Federal in mid April 2021 (after answering all their questions the application was submitted April 21st. They promised up front that the process would take from 45 to 60 days from start to finish.
I submitted everything they asked for the same day they asked. As others have complained, they asked for things I had already submitted - sometimes twice before.
My loan was finally approved mid June and I was sent a letter congratulating me which also said I would be contacted soon to sign documents.
It is now August 2021, well over three months later, and my loan has not closed!
If you are thinking it is just me, poor credit, bad debt, etc., well my FICO score is 850 out of 850. I have never missed a payment ever in the last fifty years. My income is great as well. To top it all off, my home currently is mortgaged with Third Federal with an equity line!
So if you are thinking about using this company, think again. Now on the fourth month of my loan process, I really wish I had gone with another company.
Data as of Q2 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 30012 |
| Year Established | 1938 |
| Employees | 988 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.54% |
| Return on Equity - YTD | 5.46% |
| Annual Interest Income | $192.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $14.22B$14.82B |
| Loans | Q2 2021vs Q2 2020 | $12.61B$13.43B |
| Deposits | Q2 2021vs Q2 2020 | $9.30B$9.37B |
| Equity Capital | Q2 2021vs Q2 2020 | $1.45B$1.39B |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $66.4MM$45.6MM |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $49.2MM$53.9MM |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$1.4MM |
