Why Us

/ Why Us

What Makes Us Different?

When you choose First Federal Lakewood, you’re not choosing just another bank. You’re choosing to join the thousands of people just like you who believe in our community and are committed to helping it thrive.

By banking with us, you help foster economic growth in the neighborhoods where we all live and work. How? Your deposit dollars are reinvested close to home, creating things like a mortgage loan for a neighbor or a small business loan for a local business. In the same way, deposits made by your neighbor and the small business will also be reinvested locally, continuing the cycle.

Deeply rooted in the communities we serve, we never forget that we’re owned by YOU, our customers and partners in personal and business banking. So we make decisions that benefit you, the overall local economy, and our employees — NOT shareholders.




As part of our commitment to mutuality, we give 5% of our net profits back to the community every year. And that’s just the start.

Our employees also volunteer an impressive amount of their time in support of various local events, organizations, and community service efforts. In fact, you could think of our employees as a community of their own, one whose commitment can be seen in our branches every day. They’re here for you, always putting you first by understanding your goals and recommending customized services, products and information to meet your needs both today and well into the future.

If all this sounds a little unusual for a bank, it’s because we’re not just another bank. We’re a proud part of the community.

Our Bank, Our Community.

How Our Employees are Making A Difference


Buying a Home is an Exciting Time

But with so many important decisions to consider, it can also be a little challenging. 
Learn the basics of buying a home ›
Employees Stuff the Bus with School Supplies to Help Kids in Need

Employees Stuff the Bus with School Supplies to Help Kids in Need.

This past summer, our employees hosted a school supply drive to help make a positive difference in the lives of many Cleveland
Read More ›
“ Along with a supportive work environment, I enjoy the relationships we are able to create with our customers. Not only are we able to help customers with their financial needs, we are in a unique position to give back to the communities that make it possible for us to do what we do.” ”
– Bilal Shah –
Non-Lending Compliance and Assistant BSA Officer
Time with the bank: 3 Years

Avon Lake Branch Manager Launches Networking Group For Working Moms.

When DeeDee Alvelo first moved to Avon with her husband and two kids, she found it challenging to find other working moms to
Read More ›
“ First and foremost, my favorite part of my job is my customers!  I love helping people who are buying their dream home or fixing up their existing one.  ”
– Caroline Purcell –
Mortgage Loan Originator
Time with the bank: 17 Years

Charitable Contributions Soar to Over $500,000 in 2017.

Helping support the wonderful communities we serve is an important part of our mission. One way we strive to do our part is through working with various
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Our Lakewood Branch

Let’s Congratulate Alix Kaufmann, our Lakewood Branch “Superhero”!

This past February, a throng of costumed heroes and caped crusaders flocked to the Lakewood Masonic Temple to show their commitment to fostering
Read More ›
The 2nd Annual Tin Cup Challenge

Tin Cup Challenge Collects Over $4,500 Worth of Goods for the Community.

Each year, First Federal Lakewood employees get into the spirit of giving with the Tin Cup Challenge — a friendly competition to see who can collect
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Saving for a Down Payment?

Saving for a down payment requires much financial discipline, and probably quite a bit of time, but it is a necessary step to achieving the dream of owning a home.
Read More ›

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