First Federal Savings & Loan of Hazard

What First Federal Savings & Loan of Hazard does

First Federal Savings and Loan of Hazard is a federally chartered community savings and loan association founded in 1960 and headquartered at 655 Main Street in Hazard, Kentucky. It operates as a single-branch institution serving Perry County and surrounding Eastern Kentucky counties, offering deposit products (passbook savings accounts, certificates of deposit, individual retirement accounts) and a lending portfolio that spans one- to four-family residential mortgages, construction loans, multi-family mortgages, nonresidential commercial loans (office buildings, churches, condominiums), and consumer loans secured by deposits. Ancillary services include safety deposit boxes, on-site ATM access, and a drive-through window with Saturday morning hours. The mailing address is PO Box 1069, Hazard, KY 41702, and the listed contact is 606-436-3860.

The bank operates with a traditional, analog community banking model: deposit and loan rates are not publicly disclosed and customers are instructed to call for current rates, loan applications are submitted by mail, phone, or in-person (with paper PDF forms available), and there is no mobile app, no online account servicing, no API, no digital onboarding, and no social media presence. The company is a wholly owned subsidiary of Kentucky First Federal Bancorp, a holding company that also controls First Federal Savings Bank of Frankfort (six offices in Frankfort, Danville, and Lancaster, Kentucky). Core technology is standard community banking infrastructure with no proprietary systems, no AI capabilities, and no disclosed integrations.

Revenue is generated primarily through net interest margin on the lending portfolio and deposit gathering, with no disclosed pricing model, published rate sheet, or fee structure. The customer base consists of individual consumers seeking residential mortgages, IRAs, and savings; small businesses and local organizations (churches, condominium associations) seeking commercial real estate financing; and retirement savers. The institution employs 1-10 people and has no documented customer logos, named enterprise accounts, or strategic partnerships. Marketing is limited to branch signage and community/word-of-mouth presence.

Name

First Federal Savings & Loan of Hazard

Legal name

First Federal Savings and Loan of Hazard

Website

https://firstfederalhazard.com

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

1–10 employees

Short description

First Federal Savings and Loan of Hazard is a single-branch community savings and loan association founded in 1960 in Hazard, Kentucky, serving Perry County and surrounding Eastern Kentucky communities with deposit products, residential and commercial mortgages, and consumer loans. It operates as a subsidiary of Kentucky First Federal Bancorp.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro industry

PRIMARYFSABAKAK

Savings Banks (Public/State-Owned)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Development & Public Sector Banking (DFIs, Postal/Savings Banks)

SECONDARYFSAKAAAH

Emergency & Short-Term Installment Personal Loans (Unsecured)

Financial & Insurance/Lending & Consumer Finance/Personal Loans (Unsecured Installment)

Keywords

• Community banking
• Residential mortgage lending
• Consumer deposit products
• Construction financing
• Commercial real estate loans

Headquarters

HQ city

Hazard

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Deposit Products: Accepts various deposit products including passbook savings accounts, certificate accounts, and individual retirement accounts (IRAs). These deposits form the core funding base for lending operations.
2. Residential Mortgage Lending: One- to four-family residential mortgage loans including fixed-rate mortgages, adjustable-rate mortgages, purchases, refinances, and home equity loans. Also includes construction loans.
3. Commercial Lending: Mortgage loans secured by multi-family property and nonresidential loans secured by commercial office buildings, churches, condominiums, and other commercial properties.
4. Consumer Lending: Consumer loans including loans secured by savings deposits or CDs.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels1 record

Core offering

First Federal Savings & Loan of Hazard is a community savings and loan association that accepts deposits—passbook savings accounts, certificate accounts, and individual retirement accounts—and lends those funds as one- to four-family residential mortgages, construction loans, multi-family residential mortgage loans, nonresidential loans secured by commercial properties, and consumer loans secured by savings deposits or CDs. The bank operates from a single Main Street branch in Hazard, Kentucky, serving Perry County and surrounding Eastern Kentucky communities.

Product overview

First Federal Savings and Loan of Hazard is a traditional community savings and loan association offering a unified portfolio of banking products and services. The core offerings center on deposit products (passbook savings accounts, certificates of deposit, and individual retirement accounts) and lending products (residential mortgages, construction loans, multi-family property loans, commercial nonresidential loans, and consumer loans secured by deposits). The bank also provides ancillary services including safety deposit boxes, ATM access, and drive-through banking facilities. The institution has served the Hazard, Kentucky community since 1960, operating as a subsidiary of Kentucky First Federal Bancorp.

Differentiator

Problem solved

Functional benefit

Products and services

• Home Loans Residential mortgage loans including fixed-rate mortgages, adjustable-rate mortgages, purchases, refinances, and home equity loans for individual homeowners and homebuyers.
• Savings Accounts Passbook savings accounts offering basic deposit banking services for individuals and families.
• Certificates of Deposit Time deposit accounts offering fixed interest rates for specified terms.
• Individual Retirement Accounts Tax-advantaged retirement savings accounts including traditional and Roth IRA options for individual retirement savers.
• Safety Deposit Boxes Secure storage service for valuable documents and items at the bank's physical location.
• Construction Loans Short-term financing for residential construction projects.
• Multi-Family Residential Mortgage Loans Mortgage financing for multi-family residential properties such as apartment buildings.
• Nonresidential Commercial Loans Commercial loans secured by office buildings, churches, condominiums, and other non-residential properties for small businesses and organizations.
• Consumer Loans Consumer loans secured by savings deposits or certificates of deposit for personal banking needs.
• Pre-Qualification Services No-cost evaluation service to determine loan eligibility before formal application submission for prospective mortgage and loan applicants.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves3 records

Expansion highlights2 records

Regional players

• Forcht Bank: Kentucky-based community bank with branches across central and eastern Kentucky. Comparable as a regional deposit-taking, mortgage-originating institution serving similar small-business and consumer customer segments.
• Community Trust Bank: Kentucky-headquartered community bank serving Eastern and Central Kentucky with branches across the region. Comparable as a regional community lender in overlapping geographies with similar residential and consumer lending focus, though materially larger in scale.
• Citizens National Bank (Kentucky): Eastern Kentucky community bank with a long-standing presence in the region. Comparable as a small-town commercial and consumer lender serving similar rural demographics and deposit-funded lending markets.
• Kentucky Bank: Kentucky-based community bank offering deposit accounts, mortgages, and consumer loans across central and eastern Kentucky. A relevant regional peer given overlapping service territory and similar community-bank product mix.
• Peoples Bank (Kentucky): Independent Kentucky community bank serving Eastern Kentucky and surrounding counties. Comparable as a small-scale community savings and lending institution with a similar customer base and product offering.

Broad incumbents

• BankUnited: Federally chartered savings institution that operates a broad retail and commercial banking franchise. Comparable as a depositary thrift institution under similar federal regulation, offering residential and commercial lending, but at materially larger scale.
• New York Community Bancorp (Flagstar Financial): Large federally chartered savings and loan holding company operating a national multi-branch thrift franchise. Comparable as a federal thrift operating under the same regulatory framework, though dramatically larger and more diversified.

Direct peers

• First Federal Savings Bank of Frankfort: Sister subsidiary under the same parent holding company (Kentucky First Federal Bancorp). Operates six banking offices in Frankfort, Danville, and Lancaster, Kentucky, offering the same traditional deposit and mortgage product set — making it the closest direct comparable.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/ffslh
• LinkedInlinkedin.com/company/first-federal-savings-and-loan-association-of-hazard

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Federal Savings & Loan of Hazard