Third Federal Savings and Loan

Overview / Commentary
7007 Broadway Avenue
Cleveland, OH 44105

Third Federal Savings and Loan is headquartered in CLEVELAND and is the 7th largest bank in the state of Ohio. It is also the 114th largest bank in the nation. It was established in 1938 and as of March of 2023, it had grown to 1,017 employees at 37 locations. Third Federal Savings and Loan has an A health rating.

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4.3% Online Savings

Posted by: |

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

Posted by: |

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.

Stay Away BAD

Posted by: |

This place is a joke. Opening a HELOC took forever and they were very rude and unprofessional. The rate is just not worth the hassle. Now I’m trying to add a simple savings account and it’s been over 14 days with no action. A real bank opens a basic savings account instantly, not this horrible “bank”.



Health Grade Components

FDIC Certificate #30012
Year Established1938
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.35%
Return on Equity - YTD3.61%
Annual Interest Income$147.9MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$16.25B$14.57B
LoansQ1 2023vs Q1 2022$14.57B$13.14B
DepositsQ1 2023vs Q1 2022$9.13B$9.14B
Equity CapitalQ1 2023vs Q1 2022$1.59B$1.53B
Loan Loss AllowanceQ1 2023vs Q1 2022$74.1MM$64.3MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$32.7MM$40.2MM
Real Estate OwnedQ1 2023vs Q1 2022$1.2MM$131.00K

Rates for Third Federal Savings and Loan are currently being reviewed.



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