Why Choose First Federal Lakewood

As we help you with your banking needs and grow together, we’re proud to be part of your community.

Careers

Our employees are valued, respected, and their voices are heard.

Community Impact

Our commitment to our neighbors has been setting us apart since 1959.

Management Team

Their experience and dedication provide strategic direction for today — and tomorrow.

Board of Directors

Our Board of Directors ensures we are fiscally sound and focused on your needs.

Account Rates

Here’s some rates for our new product

As of 8/31/2026

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TypeAPYInterest RateMinimum BalanceDisclosures
Direct Interest Checking0.05%0.05%

Disclosure

Advantage 50 Interest Checking0.05%0.05%

Disclosure

Preferred Interest Checking

Balances under $1,500 – 0.05%;

Balances $1,500 or more – 0.10%

Balances under $1,500 – 0.05%;

Balances $1,500 or more – 0.10%

Yes

Disclosure

*Interest rates are subject to change. Fees could reduce earnings.

Here’s some disclosure

Cross Sells

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If you’re new to banking, start here.

Welcome! If this is your first time opening a bank account, you may be feeling overwhelmed. Rest assured, we’ve all been there. We’re here to guide you and set your mind at ease.

Resources

Basic Accounting Statements

Keeping track of the money in your business is essential if you want to prosper. However, most small business owners have skills or a specialty that inspired them to start…

“Positive Pay: A Powerful Tool to Protect Your Company Against Check Fraud”

In its most basic form, Positive Pay allows the bank to match issued checks that are clearing your account to a clearing file presented by the bank. The system helps…

Pay-per-Click Advertising ROI

There are many marketing opportunities available to internet-based businesses. One of those is ‘pay-per-click’ advertising, whereby you only pay when somebody clicks on a link to your site, rather than…

Managing Your Inventory

Selling products or goods to customers is the reason many companies are in business. To be successful, that means you must have the products on hand for them to purchase.…

Direct Marketing Basics

Direct marketing is still effective. The hype and effectiveness of online contact get the most buzz, but it simply can’t replace directly reaching out to customers and prospects with phone…

Managing Vendor Relationships

You need your suppliers. They need you as well. It is a win-win relationship between you and your vendors. However, it takes effort; it does not just happen. Managing your…

Projecting Your Cash Flow

Even if a business is profitable, it might fail because it isn’t generating enough cash flow. Money that is tied up in inventory and receivables isn’t available to help the…