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Personal Banking

Welcome to First Federal Savings of Lorain's Personal Banking Information. Please select one of the Information options from the left side links.

 
 
NOTICE OF CHANGES IN TEMPORARY
FDIC INSURANCE COVERAGE FOR
TRANSACTION ACCOUNTS
 
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
    
The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (IOLTAs). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts.
    
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
 

 

 

 

 

 

 

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February 8, 2012
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Main Office:    440-282-6188
Amherst:   440-984-4009
Homewood:   440-277-5809
Avon:   440-934-3340
Huron:   419-433-2437
Sandusky:   419-626-5576
Port Clinton:   419-734-5568
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