Bank Mutual is headquartered in Brown Deer and is the 3rd largest bank in the state of Wisconsin. It is also the 334th largest bank in the nation. It was established in 1940 and as of March of 2016, it had grown to 616 employees at 69 locations. Bank Mutual has an A health rating.
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.
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
|FDIC Certificate #||30125|
|Return on Assets - YTD||0.74%|
|Return on Equity - YTD||7.31%|
|Annual Interest Income||$20.3MM|
|Assets and Liabilities|
|Assets||Q1 2016vs Q1 2015||$2.53B$2.41B|
|Loans||Q1 2016vs Q1 2015||$1.79B$1.64B|
|Deposits||Q1 2016vs Q1 2015||$1.86B$1.80B|
|Equity Capital||Q1 2016vs Q1 2015||$257.5MM$253.1MM|
|Loan Loss Allowance||Q1 2016vs Q1 2015||$16.9MM$21.1MM|
|Unbacked Noncurrent Loans||Q1 2016vs Q1 2015||$12.7MM$11.5MM|
|Real Estate Owned||Q1 2016vs Q1 2015||$3.3MM$5.0MM|
Always verify rates and promotions with the bank or credit union. We are not Bank Mutual; we are a rate comparison website and cannot provide official rates or promotions.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|1.15%||$5k||-||33-39 Month CD|
|1.00%||$5k||-||19-25 Month CD|
|0.65%||$5k||-||5-11 Month CD|