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414-354-1500
4949 West Brown Deer Road
Brown Deer, WI 53223

Bank Mutual is headquartered in Brown Deer and is the 3rd largest bank in the state of Wisconsin. It is also the 323rd largest bank in the nation. It was established in 1940 and as of March of 2014, it had grown to 675 employees at 76 locations. Bank Mutual has a A health rating.

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Earn $150 With A New Bank Mutual "Checking By You" Or "The Works" Account - 8/18/2014

Earn $150 when you open a new "Checking by You" or "The Works" account at Bank Mutual. This offer is available to new customers only and good through August 30, 2014.



Reviews (4)

Great Accounts, Bad Technology.

Minimal requirements to keep checking accounts free, which is really great.  However they have more accounts to choose from than most banks. The "best" account does have a monthly fee, the benefit they sell with it it the ID theft protection, which I could not find an online place to log onto, everything was via mail which can sometimes be to late.  The online banking is of poor quality.  It seems illogical the way the accounts are set up to look at once you log in.  The bill pay is a completely awful.  It would be easier to log onto each individual billers website to pay bills, and probably a lot quicker.  If you use your accounts minimally and don't mind poor technology or just need a place to hold money it's great.  There are also a lot of hoops to jump if you need to change anything on your accounts.  My main bank gives me the ability to change information via online banking, at BM it seems that everything needs to be done face to face or they will send you a form in the mail.  

3.5% Interest Rate

The 3.5% interest is on the first $1000 only. Another teaser rate to get you to look at their site!

Worst Bank EVER........And I Speak The Truth, Not Being One Sided

I could speak forever, and not list all of their criminal actions they take in order to make more money. They have held deposits, CASH, and Direct deposits in order to show and lower balance and hit you with fees. They have "slammed" me into accepting false positive balancing on my checking account, all behind my back and lying about it. All of this to get my money. A manager even told me he would kick my ass , when I disgreed with him ( I KID YOU NOT HE ACTUALLY SADI THAT). I could go on and on, but I never have been treated more poorly then by them. I have 3 other accounts from 2 different banks and have NEVER had any issue with any of them. Needless to say, I will taking all of my money out of this terrible bank and I have filed a complaint with the federal OCC oversight agency.

 

Do yourself a favor, go somewhere else...............quickly RUN RUN

 

Great Bank

Great customer service! Great Products!



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Bank Mutual had $17.98 million in non-current loans and owned real-estate with $294.02 million in equity and loan loss allowances on hand to cover it. This gives Bank Mutual a Texas Ratio of 6.12% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Bank Mutual decreased dramatically from 12.73% as of March 31, 2013 to 6.12% as of March 31, 2014, resulting in a positive change of 51.96%.This indicates that the balance sheet and financial strength for Bank Mutual has improved dramatically in recent periods.

Deposit Growth

GRADE:
D

In the past year, Bank Mutual has decreased its total deposits by -$94.26 million, resulting in -5.02% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank Mutual has shown is below average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank Mutual has $2.32 billion in assets with $294.02 million in equity, resulting in a capitalization level of 12.68%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #30125
Year Established1940
Employees675
Primary RegulatorOCC
Assets and Liabilities
Assets$2.32 billion
Loans$1.51 billion
Deposits$1.78 billion
Equity Capital$270.44 million
Loan Loss Allowance$23.58 million
Unbacked Noncurrent Loans$11.25 million
Real Estate Owned$6.74 million
Historic Data - March 2013
Assets$2.39 billion
Equity Capital$267.27 million
Loan Loss Allowance$21.44 million
Unbacked Noncurrent Loans$11.25 million
Real Estate Owned$13.48 million
Profit Margin - Quarterly
Net Interest Margin3.24%
Return on Assets0.51%
Return on Equity4.42%
Interest Income$19.67 million
Rates

Sorry, we do not have rate data for Bank Mutual

Locations

Bank Mutual has 76 locations. Click to view all Bank Mutual locations.