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Mutual Federal Bank


Overview / Commentary
www.mutualfederalbank.com
312-447-5200
2212 W. Cermak Rd.
Chicago, IL 60608

Mutual Federal Bank is headquartered in CHICAGO and is the 279th largest bank in the state of Illinois. It is also the 3,864th largest bank in the nation. It was established in 1905 and as of March of 2024, it had grown to 14 employees at 1 location. Mutual Federal Bank's money market rates are 70% higher than the national average, and it has a B+ health rating.

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Health
B+

Data as of Q1 2024

Learn why bank health matters
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. Mutual Federal Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #28302
Year Established1905
Employees14
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.33%
Return on Equity - YTD2.14%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$99.8MM$114.8MM
LoansQ1 2024vs Q1 2023$84MM$98.3MM
DepositsQ1 2024vs Q1 2023$69.5MM$68.8MM
Equity CapitalQ1 2024vs Q1 2023$15.3MM$15.2MM
Loan Loss AllowanceQ1 2024vs Q1 2023$1.3MM$1.4MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$741K$260K
Real Estate OwnedQ1 2024vs Q1 2023$0$785K
Rates
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* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$0-Passbook Savings

Mutual Federal Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$2.5k*-Money Market Account
OTHER TIERS: 0.25% → $0 - $2.5k

Mutual Federal Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.53%$1k-9 Month Certificate Special
0.65%$500$249k6 Month Certificate
0.65%$500$249k1 Year Certificate
0.65%$500$249k5 Year Certificate
0.65%$500$249k2 Year Certificate
0.65%$500$249k3 Year Certificate
Locations


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

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