About First Federal of San Rafael

Serving the Bay Area since 1963
We strive to provide the best outcomes for our community

Who We Are

Our Promise

We here at First Federal appreciate your business and thank you for choosing us as your financial partner. Our goal is to always provide the highest level of personal and professional service to you. If at any time you have questions, need additional information, or have concerns regarding our service, please contact any of our branch offices.

Our Mission

First Federal is committed to being a superior community financial institution, offering real estate financing and deposit services at fair and competitive rates while adhering to the highest standards of business ethics, safety, and excellence in service.
First Federal Savings and Loan of San Rafael President, Paul Simmons

The Leadership of First Federal

A Message from the President

We believe that customers are best served when decisions are made at the local level by people who understand the area’s unique needs and values. Quality service and a deep commitment to our community have been guiding principles since we were established in 1963. With the highest level of safety, stability, and service in mind, we have a deep appreciation of the trust that our customers put in us.

We do banking on a first-name basis with a knowledgeable and friendly staff who understand our customers’ financial needs. From this perspective, responsible decision-making on the local level, while carefully evaluating the risks, is what defines our standard business practice.

Ready to take the first step in reaching your financial goals? Get in touch!

It’s the Communities We’re a Part of That Make Us Who We Are

The story of First Federal exemplifies our commitment to improving Bay Area communities. It began when our founder, Harold Elberg, recognized part of the Bay’s heritage would be lost as the older Victorian homes began to crumble and disappear. In June of 1963, Harold decided to establish a Savings and Loan Association to help fund the restoration of these beautiful homes. His vision from the beginning was to become a unique niche lender, serving the needs of the local community. First Federal is currently a lender specializing in multi-residential and commercial real estate loans.

Still a traditional savings and loan, First Federal offers outstanding service and competitive rates for individuals choosing to invest in savings accounts, checking accounts, and certificates of deposit.

First Federal adheres to conservative loan underwriting standards and does not engage in subprime lending. As a result, the Association’s loan portfolio is of the highest quality.

Though faces have changed, the philosophies embedded by our founder remain in place. His successor, Marilyn Shaw, shared Mr. Elberg’s vision and ran the institution in much the same way. Our current CEO, Paul W. Simmons, continues with the same philosophy of serving our customers and community for the long term.

In July of 2022, headquarters and the San Rafael branch moved to 998 Fourth Street in San Rafael. There are three other convenient Bay Area branch locations to serve you. We may be small, but we still have an unwavering dedication to make a difference in our community.

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