Michael Crossett Photo

Michael Crossett

Executive Vice President


Michael Crossett is an Executive Vice President at The Federal Savings Bank. He oversees retail and HECM mortgage sales nationwide. Since joining The Federal Savings bank as a Mortgage Banker, Michael consistently ranked among the top producers for both loan origination and loan quality, thus resulting in his rapid promotions throughout the years. Michael was promoted to Executive Vice President in 2012 and became one of the two youngest partners in the history of the firm. He now leads a team of over 120 retail and HECM bankers, as well as support staff around the nation.

Michael graduated from the United States Military Academy at West Point with a degree in Systems Engineering and was a 4-year Varsity Lacrosse letterman. After being commissioned as an Army Officer, Michael graduated from the U.S. Army Aviation Flight School, Airborne School, and Pathfinder School. During his 9-year Army career, Michael served in Army Aviation primarily flying the AH-1 Cobra and AH-64 Apache Attack Helicopters. He finished his Army service as an Apache Helicopter Headquarters Company Commander and was selected for early promotion to Major, an honor bestowed to only the top 3% of his peers.

Michael currently resides in Naperville, Illinois and is originally from Syracuse, New York. He lives with his amazing wife, 2 beautiful daughters, and loving goldendoodle. When not working, Mike enjoys reading, boating, golfing, exercise, and real estate investing.

Whether you’re an established banker or a newcomer to the industry, Mike is here to guide you. Mike believes a quality team is critical when helping someone achieve the American dream of home ownership. He is passionate about helping people grow and obtain success beyond what they imagined, which is demonstrated through his supportive leadership style. Start your journey to success and join Michael Crossett’s team!


The Federal Savings Bank is a place that works for me, it gave me my start in the business in 2015. Even in my first year, writing only 8 loans, I always felt like the people around me never treated me like the small fish. Since 2015, I have been able to grow my business, year over year, exponentially, from Mortgage Banker, to Vice President, to Senior Vice President with only 8 bankers on my team and growing. At every level and The Federal Savings Bank has been able to help us close new business and develop deeper ties not just to our referral partners, but to our borrowers. The bank understands my team’s commitment to our borrowers, and they embrace the opportunity to treat everyone we work with like family. When the borrower knows they’ve been taken care of, the business builds itself.

- Joey M. | Oak Brook, IL | Joined 2015
I love working for The Federal Savings Bank because there are many variables in lending that they have tackled. They have extensive resources in terms of internal processes, underwriting guides, consistent and seasoned management, and all team members have the same goal. This allows me to focus on what I really want – helping my clients and their needs. I never feel uncertain that I can’t get a loan done because of the resources that I have available 24/7. What I like the most about working for Mike Crossett is that he is REAL. He tells it like it is, develops ideas for building your business, understands how each of us approach our business differently, and pinch hits when you need him the most.

- Barb L. | Oak Brook, IL | Joined 2014
I love being a part of Mike’s team because everyone is working together to find solutions and help our clients.

- George L. | Georgetown, TX | Joined 2014
The primary reason I joined The Federal Savings Bank was because I respected Mike and knew he would be a wonderful leader. Mike always makes time to help anyone who asks. He approaches life with a positive attitude and uses creativity and his experience to resolve unexpected issues. Mike is someone who makes you want to try harder and makes you feel like your successes are his successes.

- Jennifer M. | Oak Brook, IL | Joined 2018
The environment here is one of teamwork, motivation, and excellence. I have the support I need to confidently go out and build my business. I genuinely feel that I have the tools and encouragement I need to succeed here on Mike Crossett’s team.

- Josh H. | Oak Brook, IL | Joined 2020
I love it here because everyone seems to genuinely enjoy helping everyone on their team.

- Matthew M. | Oak Brook, IL | Joined 2018
I am so grateful to Mike Crossett for giving me the opportunity to be a member of The Federal Savings Bank and assisting home buyers to obtain the American dream of home ownership.

- Terrence W. | Oak Brook, IL | Joined 2018