Midland Federal Savings and Loan Association


Overview / Commentary
708-598-9400
8929 South Harlem Avenue
Bridgeview, IL 60455

Midland Federal Savings and Loan Association is headquartered in BRIDGEVIEW and is the 262nd largest bank in the state of Illinois. It is also the 3,694th largest bank in the nation. It was established in 1914 and as of September of 2024, it had grown to 21 employees at 4 locations. Midland Federal Savings and Loan Association has a B health rating.

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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Midland Federal Savings and Loan Association has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #29980
Year Established1914
Employees21
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-1.37%
Return on Equity - YTD-14.91%
Annual Interest Income$2.8MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$115.7MM$118.2MM
LoansQ3 2024vs Q3 2023$22.4MM$24.6MM
DepositsQ3 2024vs Q3 2023$103.6MM$107.5MM
Equity CapitalQ3 2024vs Q3 2023$11.8MM$10.2MM
Loan Loss AllowanceQ3 2024vs Q3 2023$67K$71K
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$712K$686K
Real Estate OwnedQ3 2024vs Q3 2023$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Midland Federal Savings and Loan Association Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$0-Passbook Savings
0.10%$0-Statement Savings
0.10%$0-Christmas Club

Midland Federal Savings and Loan Association Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$2.5k*-Money Market Account
OTHER TIERS: 0.05% $500 - $2.5k

Midland Federal Savings and Loan Association Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$2.5k*-Super NOW Checking
OTHER TIERS: 0.05% $500 - $2.5k
0.10%$250-Premier 50 Checking
0.10%$0-Premier 50 Plus Checking
0.10%$250-Club Plus Checking
0.05%$300-NOW Checking

Midland Federal Savings and Loan Association CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%$1k-60 Month CD
1.01%$1k-48 Month CD
0.75%$1k-36 Month CD
0.70%$1k-30 Month CD
0.65%$1k-24 Month CD
0.55%$1k-18 Month CD
0.50%$1k-12 Month CD
0.40%$1k-6 Month CD
0.25%$1k-3 Month CD

Midland Federal Savings and Loan Association IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%$1k-60 Month IRA
1.01%$1k-48 Month IRA
0.75%$1k-36 Month IRA
0.70%$1k-30 Month IRA
0.65%$1k-24 Month IRA
0.55%$1k-18 Month IRA
0.50%$1k-12 Month IRA
0.40%$1k-6 Month IRA
Locations


Midland Federal Savings and Loan Association Locations
Homer Glen Branch15732 S Bell RdHomer Glen, IL 60491
2657 West 69th Street Branch2657 West 69th StreetChicago, IL 60629
4040 S Archer Ave Branch4040 South Archer AvenueChicago, IL 60632
Midland Federal Savings and Loan Association8929 S Harlem AveBridgeview, IL 60455

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