Mutual Federal Bank

Overview / Commentary
2212 W. Cermak Rd.
Chicago, IL 60608

Mutual Federal Bank is headquartered in Chicago and is the 281st largest bank in the state of Illinois. It is also the 3,903rd largest bank in the nation. It was established in 1905 and as of June of 2022, it had grown to 63 employees at 1 location. Mutual Federal Bank's money market rates are 14% higher than the national average, and it has an A health rating.

Reviews (2)

Super Nice And Helpful

The new Naperville branch (under the name "Great American Bank") was more then helpful with answering all my questions.  The banker I dealt with (Eric) was super nice and extremely helpful with everything.  With their above average rates and free checks for accounts; I will be returning to open new accounts as soon as I have more CD's come due.

Mutual Federal

Posted by: |

This is a great bank that treats it's customers with class and kindness.


Health Grade Components

FDIC Certificate #28302
Year Established1905
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-0.48%
Return on Equity - YTD-3.06%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$109.2MM$99.9MM
LoansQ2 2022vs Q2 2021$94.7MM$60.5MM
DepositsQ2 2022vs Q2 2021$73.1MM$73.6MM
Equity CapitalQ2 2022vs Q2 2021$15.5MM$15.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$957.00K$924.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$346.00K$1.3MM
Real Estate OwnedQ2 2022vs Q2 2021$864.00K$765.00K
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Mutual Federal Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Mutual Federal Bank Savings Account Rates

0.15%--Passbook Savings

Mutual Federal Bank Money Market Rates

0.50%*$2.5k*-Money Market Account
OTHER TIERS: 0.25% Up to $2.5k

Mutual Federal Bank CD Rates

0.65%$500$249k1 Year Certificate
0.65%$500$249k5 Year Certificate
0.65%$500$249k2 Year Certificate
0.65%$500$249k3 Year Certificate
0.20%$500$249k6 Month Certificate

Mutual Federal Bank Locations
Mutual Federal Bank2212 W Cermak RdChicago, IL 60608

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.