First Federal Savings and Loan Association of Lorain originations date back to 1921, when a financial institution called Lake Erie Savings and Loan Company was formed. The mission of this newly formed company was to provide home ownership and a safe harbor for their customers? life savings. In 1938 Lake Erie Savings and Loan Company applied for and was granted a Federal Charter. The financial institution then changed its name to reflect its new charter and became First Federal Savings and Loan Association of Lorain. From its humble beginnings, First Federal Savings has grown to its current status of eight branches located along Ohio?s North Coast. We are a locally owned and managed company and pride ourselves in giving our customers the very best in financial products and services. Our Board of Directors, management and staff all live in the communities we serve. Throughout our history, First Federal has always strived to be an active participant to these communities. With fewer than 150 employees, we are involved in over 100 community organizations and activities. It?s important to us to provide the very best service we can to you, our neighbors and friends. We care because... Your Community is Our Community.