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It is important for any company to have clarity about why it exists. At First Federal, our answer to that question is clear — to enhance the financial well-being of our customers. That is it. As a mutual, we are not concerned with returns to shareholders or enhancing shareholder value. We have one focus — helping you improve your financial well-being. That is a simple statement, but it is very meaningful.

Supporting Your Financial Well-Being in Every Chapter of Life

Financial well-being is an important part of a person’s overall well-being. We know that if we can help enhance our customers’ financial well-being, we are also making their lives better. But financial well-being means different things to different people at different stages of their life.

For many people, it starts with the basics. Studies have shown that having the savings to withstand a financial shock — like getting in a car accident or being temporarily laid off from work — is the most important factor in financial well-being. To help in that effort, we have been a leader in creating products to make saving easy.

A Bundle that Boosts Your Savings

Our “savings bundle” includes a high-yield Rewards Checking account, a SuperSaver Savings account, and debit card Round-Up feature. Using your debit card to make everyday purchases qualifies you to earn a high yield from your Rewards Checking, and your debit transactions “round up” to the nearest dollar and are deposited into your SuperSaver Savings account. It is an effortless way to grow your savings automatically. In just the last couple of years, First Federal customers have increased their savings by nearly $600,000 through Round-Up. An even faster way to grow savings is to set up small automatic transfers from your checking account into your savings account each pay period. This allows you to grow your savings without even having to think about it.

Making Homeownership Possible

Another step in financial well-being for many people is purchasing a home. Owning a home can help control your housing costs as well as build equity over time. But it has also become more challenging to buy a home in recent years. A First Federal Mortgage Loan Professional can help you find the best option for buying a home.

Wealth and Investment Management Options

After you have established a solid foundation of savings, you will want to consider putting a portion of your money in investments. Being on track to meet your financial goals is another important aspect of financial wellbeing. Investing can be a key step in growing wealth and saving for retirement. Long-term returns from financial assets like stocks and bonds, often in the form of mutual funds and Exchange-Traded Funds (ETF), have historically outpaced returns from bank deposits. First Federal’s Wealth Advisors can help you create an affordable and risk-appropriate plan to investing.*

Better Business Banking

Of course, enhancing the financial well-being of our business customers is an equally important focus for us. The most obvious example of this is providing credit to businesses to purchase productive assets like facilities, equipment, and inventory or providing working capital for operations. First Federal Commercial Lenders can help business owners properly evaluate and structure financing for these investments and grow profits. First Federal Business Bankers can provide business owners with the tools needed to efficiently manage the daily financial aspects of running a business.

Joining You in the Fight Against Fraud

Unfortunately, helping protect customers against fraud has become an increasing important part of our job. But I cannot think of anything more important to a person’s financial well-being than helping them avoid losing their savings, operating funds, or retirement through fraud. While fraud is a rapidly growing problem, you can help protect yourself by being well informed and vigilant. If you ever have concerns that you may be involved in a fraud, contact our Security Department as soon as possible.

As a mutual bank, “why we exist” is clear. Our purpose is to help you enhance your financial well-being. Isn’t that exactly what you want from your financial institution?

* Securities offered through IFP Securities, LLC, dba Independent Financial Partners (IFP), member FINRA/SIPC. Investment advice offered through IFP Advisors, LLC, dba Independent Financial Partners (IFP), a Registered Investment Advisor. IFP and First Federal Bank are not affiliated.

Not Insured by the FDIC or Any Federal Government Agency
Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate | Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested | May Lose Value