Bank · FDIC insured
First Federal Savings of Lorain
A $573.8M bank headquartered in Lorain, OH, with 6 branches in Ohio. Best rates: CDs 0.30% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. Savings: carrot has not captured enough rates to score this yet. Auto loans: no rates found on its website. Credit cards: no rates found on its website.
- CDs610.30%4.60% with extra requirementsCD rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About First Federal Savings of Lorain
First Federal Savings and Loan Association of Lorain was incorporated in October 1921 as The Lake Erie Savings and Loan Company and received its Federal Charter under its current name in 1938.
Based in Lorain, Ohio, the community bank operates six branch locations across Lorain, Sandusky, Huron, Port Clinton, and Avon.
- Headquarters
- 3721 Oberlin Ave, Lorain, OH 44053
- FDIC certificate
- 29838 ↗
Branches
6 branches in Ohio
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Ohio
6 branches
Cleveland area · 4
- First Federal Savings and Loan Association of LorainMain office3721 Oberlin Ave, Lorain, OH 44053Directions
- 1180 Park Avenue Branch1180 Park Ave, Amherst, OH 44001Directions
- 36690 Detroit Road Branch36690 Detroit Rd, Avon, OH 44011Directions
- 2233 East 42nd Street Branch2233 E 42nd St, Lorain, OH 44055Directions
Sandusky area · 2
- Huron Branch107 Liberty Drive, Huron, OH 44839Directions
- Port Clinton Branch1840 E Perry St, Port Clinton, OH 43452Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 10.36% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.41% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.08% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $94 | $81 | — |
- CapitalLeverage ratio10.36%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.41%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.08%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$94Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of First Federal Savings of Lorain are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.