A group of people standing in a line facing forward and smiling, outside a First Federal Lakewood location

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

A Christmas Story Run

First Federal Lakewood Celebrates Five Years Sponsoring A Christmas Story Run

For the past five years, First Federal Lakewood has gotten into the Christmas spirit by continuing their commitment to the surrounding community. &ldquo
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“ My favorite part of my job is that I am able to create and foster relationships within the community, bringing awareness to First Federal Lakewood’s products and services that are designed to meet the needs of those in the community. ”
– Chalana Williams –
VP, Community Development Officer
Time with the bank: 6 Years

First Federal Lakewood Invests in Young Professionals

First Federal Lakewood and our employees are consistently looking to serve our community as an essential part of our mission
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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
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“ My favorite part of the job is that I get to work and learn from some of the most experienced and knowledgeable bankers in all of Ohio. All while working at one of the most innovative mutual banks in existence today. We are constantly growing through new and exciting strategic initiatives and I am lucky enough to learn and grow from each new experience. ”
– Christopher Miller –
AVP & Assistant Controller
Time with the bank: 7 years

Charitable Contributions Soar to Over $500,000 in 2018

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
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Partnership Brings Financial Wellness Seminars to LGBT Community Center of Greater Cleveland

As part of our commitment to diversity and inclusion, we have enjoyed an ongoing relationship with the Lesbian Gay Bisexual
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Support for Habitat for Humanity Continues with Three-Year Commitment

Support for Habitat for Humanity Continues with Three-Year Commitment

We are a proud supporter of the Greater Cleveland Habitat for Humanity organization through both monetary donations and service
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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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“ My absolute favorite thing is knowing that I work for an incredible company that has the customers and our communities best interest at heart. I love that they encourage community involvement, it brings a lot of self-satisfaction. ”
– DeeDee Alvelo –
Avon Branch Manager
Time with the bank: 17 Years

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