Reinvesting in our community since 1921.
“First Federal of Lorain is committed to be the preferred provider of financial solutions for our customers by remaining a financially secure locally-owned mutual institution with ethical, friendly, knowledgeable, and dedicated employees who live in and work for the benefit of our communities.”
First Federal Savings of Lorain has been committed to providing the best possible service to the communities we’ve served since 1921. The mission of our institution was and continues to be, providing home ownership and a safe harbor for our customers’ life savings.
At First Federal Savings of Lorain the focus is on reinvesting in the community, especially in residential properties. The largest percentage of our institution’s mortgage loan portfolio is in residential property loans which we retain the servicing on. First Federal Savings of Lorain is also the only bank that offers construction loans to individuals acting as their own general contractor.
The loan process can sometimes be complex and confusing. We feel it’s important to take all the time an individual needs in explaining that process. We want our customers to be well informed when making one of the most important financial decisions in their lives.
First Federal Savings of Lorain goes beyond its offices when it comes to the communities we serve. First Federal employees and management belong to and volunteer their time to over 100 different local community organizations. Giving back to our communities is just one way to show our appreciation to our customers for the loyal support they have given us throughout the years we have been in business.
So if you are considering a home loan, or are looking for a bank with a “home town” atmosphere where the customer comes first, we invite you to bank with us at any of our seven convenient branch locations. We care because your community is our community.