Warsaw Federal is a Trusted Minority Depository Institution Helping Underserved Communities
Warsaw Federal, a Minority Depository Institution, is a community-based bank that provides focused financial services, tools, and education to promote economic growth and stronger neighborhoods in historically underserved communities. As a mutual bank, Warsaw Federal is owned by its depositors and borrowers rather than shareholders, setting it apart from traditional banks.
Banking locally with Warsaw Federal, a mutual bank, ensures that deposited dollars have a direct, positive impact on the community. These deposits are reinvested into the local economy through mortgage loans, business loans, charitable donations, hands-on assistance for residents, and more.
As a Minority Depository Institution (MDI) and a valued community asset, Warsaw Federal prioritizes listening to its customers and providing tailored financial solutions that meet the needs of individuals, families, organizations, and businesses. Through specialized expertise and unique programs, the bank creates more opportunities for customers to achieve their financial goals now and in the future.
With a 130-year history of community support, Warsaw Federal remains committed to strengthening its impact on future generations.
What is a Minority Depository Institution?
A Minority Depository Institution (MDI) is a community-based bank that provides focused financial services, tools, and education to promote economic opportunity and financial equity and help community members invest in the community’s success.
As an MDI, Warsaw Federal has a renewed purpose of investing in its customers’ financial success and the economic support of our neighborhoods.
Personal Banking
Warsaw Federal offers the accounts and services necessary to meet financial needs, from managing finances to investing for the future.
Checking Accounts
Managing finances is quick and easy with Warsaw Federal, which offers multiple account options to suit everyone’s needs.
- Simply Free Checking | A free account designed for everyone, ideal for individuals under 50 who may maintain a balance of less than $1,500.
- Direct Interest Checking | This interest-earning account is designed to make money work efficiently, making it ideal for those who use direct deposit or pay bills through auto pay.
- Advantage 50 Interest Checking | Growing older comes with benefits! This account is an excellent option for individuals aged 50 and over.
Savings Accounts
Warsaw Federal is committed to helping customers save. Individuals can find the right fit to meet their financial goals with various account options. Contact Warsaw Federal to explore available solutions.
- Statement Savings | A savings account for everyone!
- Select Money Market | The Select Money Market savings account offers a higher interest rate for those who want more.
- Health Savings Account | Warsaw Federal is an option for a Health Savings Account (HSA), providing a valuable solution for managing healthcare expenses.
Certificates of Deposit
For those ready to invest, Certificates of Deposit (CDs) offer a stable, straightforward way to build wealth, making the investment process easy, flexible, and secure.
- Short-Term CDs | Customers can get competitive rates with a short-term commitment.
- Long-Term CDs | Customers can earn even more by investing money for a more extended period.
- DirectSave CD | The DirectSave CD makes investing effortless by allowing customers to set up automatic deposits from their Warsaw Federal checking account into a 6-month CD.
- Jump Rate CD | Customers can increase their interest rate once during the 27-month term of their CD.
Current Bank Rates
Warsaw Federal offers competitive interest rates and is dedicated to helping customers make informed investment decisions.
Online and Mobile Banking
With Personal Online and Mobile Banking services, customers can bank according to their preferences, whether from the comfort of home or on the go through their smartphones. It’s banking that keeps up with their lifestyle.
- Bill Pay | With Online Bill Pay, customers can pay all their bills electronically, available 24 hours a day.
- CardSwap Subscription Services Management | Customers can manage payments to their favorite subscription services directly from their checking account, making the process seamless and effortless.
- ClickSWITCH | With automated direct deposit switching, customers can receive payments how, when, and where they want.
- Credit Expert: Credit Score Monitoring | Customers can now access their credit scores anytime as part of their overall financial well-being.
- eStatements | Goodbye, paper. Hello, secure and easy.
- External Transfers | Customers can transfer funds between their Warsaw Federal accounts and accounts at other financial institutions.
- Instant Balance | Customers can quickly check their balance without logging in.
- Mobile Deposit | Depositing checks no longer require a trip to the bank.
- Mobile Text | Customers can text Warsaw Federal and receive an instant response.
- MyCards: Debit Card Management | For customers, Managing a debit card is as easy as logging in.
- Personal Finance Manager | Customers can manage their financial accounts in one place.
- Real-Time Alerts | Customers can rest easy knowing they will receive real-time bank alerts.
- Mobile App | The Warsaw Federal mobile app allows customers to bank efficiently and securely on the go, providing access to their accounts anytime and anywhere.
Online Banking Guide
Download the Online Banking guide for clear, simple instructions for this enhanced banking feature.
Related Article: Assistance programs for Hamilton County homeowners
Borrowing
Choose Your Mortgage
Customers will find a wide selection of mortgage loans that are as diverse and unique as the individuals who rely on them.
- Adjustable-Rate Mortgage (ARM) | This type of loan offers interest rates that fluctuate or vary with current market conditions throughout the loan’s lifetime.
- Construction to Permanent Loans | Customers can save on mortgage costs by paying only the interest until their construction period is complete.
- Doctor Loan | Medical doctors, dentists, podiatrists, ophthalmologists, and veterinarians can use special lending terms.
- Fannie Mae HomeReady® Loan | Enables affordable housing opportunities for borrowers with low-to-moderate income.
- First-Time Buyer Mortgage (FHA): The first-time homebuyer mortgage is an ideal option for first-time homebuyers.
- Fixed-Rate Mortgage | Provides customers with peace of mind from a consistent, stable interest rate.
- Jumbo Loans | A jumbo loan offers special terms for customers who finance over $806,500.
- Lot Loan Program | The Lot Loan Program allows customers to purchase a lot now and build it later.
- OHFA Ohio Heroes Program | The Ohio Housing Finance Agency’s Ohio Heroes Program provides affordable mortgage financing to first-time homebuyers who work hard in critical jobs.
- Refinance Loan | Customers looking to refinance their current home mortgage can explore available refinancing options.
- USDA Loans | For customers buying a home in a rural area, qualified buyers can finance 100% of their home’s costs.
- VA Loans | Eligible veterans can benefit from special lending terms through a VA loan.
Related Article: First-Time Homebuyer Programs, Loans, & Resources in Ohio
Business Banking
One of the most important decisions in business is managing the company’s finances. Warsaw Federal is here to help make it easy.
Business Checking Accounts
Warsaw Federal offers a business checking account to suit every need, from basic to complex and everything in between.
- Simply Free Business Checking | The Simply Free account is perfect for most businesses. It allows them to focus on day-to-day operations without worrying about a minimum balance.
- Business Interest Checking | The Business Interest Checking account may be the right option for sole proprietors or not-for-profits.
- Commercial Checking | The commercial checking account meets the needs of complex businesses, especially those with more than 1,000 monthly transactions.
Business Savings Accounts
A business savings account allows companies to set money aside for future needs and growth, similar to a personal savings account.
- Business Savings | This business savings account is ideal for small saving businesses.
- Business Money Market | A business money market account offers a higher interest rate by requiring a higher minimum balance while providing easy access to capital for the business.
- Health Savings Account | A health savings account (HSA) allows employees to save for out-of-pocket medical, dental, vision, and mental health services, including prescriptions and over-the-counter medications.
Related Article: Learn how to eliminate debt and save money with these tips.
About Warsaw Federal
Where it all began
Warsaw Federal began in 1893 when three Cincinnatians saw the need for financial services in the booming neighborhood of Price Hill. Their goal in 1893 was to help people and businesses get the loans and mortgages they needed, and that hasn’t changed.
Branch Locations
Main Office
3533 Warsaw Avenue, 45205 (Price Hill)
Sayler Park
6570 Gracely Drive, 45233 (Sayler Park)
Meet the Management Team
Robie Suggs
President & CEO
Robie K. Suggs is a seasoned financial services and community leader who provides valuable expertise in various industries, including mortgage banking and operations.
Jose Suliveres
Vice President
Jose Suliveres Sr. is the AVP and Head of Retail Banking at Warsaw Federal. In this role, Jose manages the retail business unit. His duties include overseeing the branch network, deposit operations, teller operations, ACH operations, IRA portfolio, managing third-party relationships, and more.
Join today
Everyone is welcome to bank here, and Warsaw Federal looks forward to working together to help customers achieve their financial goals while uplifting the vibrant community.
New Customer?
Welcome! For new Warsaw Federal customers, having questions about checking accounts is understandable. Warsaw Federal is here to guide customers and provide reassurance with an online guide.
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