A Letter Regarding Financial Strength & Security
“Since 1935, First Federal of Lakewood has held to the philosophy
of helping our customers and our communities grow by providing
dedicated service, financial strength and security.
Given today’s concerns regarding high-risk practices by a number
of residential mortgage lenders, we can assure you that we are
still strong, safe and secure.
First Federal of Lakewood chose not to participate in the high-risk
loan market at the expense of credit quality. It is our standard
business practice to offer loans at competitive rates in a responsible
manner and to reinvest in the communities we serve.
We remain steadfast in our commitment to the housing market in
Northeastern Ohio and to you, our customer. We’ve been here.
We’ll be here. And we’re here today to serve as your trusted
financial partner.”
Gary R. Fix
President & CEO
First Federal of Lakewood