2. Mutual Federal Bank

Mutual Federal Bank

Popular Accounts at this Bank

APYACCOUNT TYPEHOW THEY COMPARE
2.12%5-year CD
2.25% - National Average
1.71%1-year CD
2.75% - Goldman Sachs Bank USA High-yield 12 Month CDAdvertisement
1.82%3-year CD
1.85% - National Average
View all Mutual Federal Bank rates »

Overview / Commentary
www.mutualfederalbank.com
773-847-7747
2212 W. Cermak Rd.
Chicago, IL 60608

Mutual Federal Bank is headquartered in Chicago and is the 341st largest bank in the state of Illinois. It is also the 4,545th largest bank in the nation. It was established in 1905 and as of September of 2018, it had grown to 35 employees at 1 location. Mutual Federal Bank's CD rates are 90% higher than the national average, and it has a B health rating.

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Reviews (2)

Super Nice And Helpful

Posted by: BankGoer04 | Jan 12, 2011

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.

6

Mutual Federal

Posted by: Anonymous | Oct 20, 2010

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

4


Health
B

Data as of Q3 2018

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
Employees35
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-0.07%
Return on Equity - YTD-0.47%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$75.6MM$92.4MM
LoansQ3 2018vs Q3 2017$59.4MM$75.9MM
DepositsQ3 2018vs Q3 2017$61.7MM$69.0MM
Equity CapitalQ3 2018vs Q3 2017$13.4MM$13.7MM
Loan Loss AllowanceQ3 2018vs Q3 2017$963.00K$880.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$1.4MM$1.8MM
Real Estate OwnedQ3 2018vs Q3 2017$0$221.00K
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
0.35%$25-GreatKids Savings
0.15%--Statement Savings
0.15%--Passbook Savings

Mutual Federal Bank Money Market Rates

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

Mutual Federal Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Interest Checking

Mutual Federal Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.12%$500$249k5 Year Certificate
2.02%$500$249k4 Year Certificate
1.97%$500$249k3 Year Certificate
1.82%$500$249k2 1/2 Year Certificate
1.77%$500$249k2 Year Certificate
1.73%$500$249k18 Month Certificate
1.71%$500$249k1 Year Certificate
0.35%$500$249k9 Month Certificate
0.20%$500$249k6 Month Certificate
0.15%$500$249k3 Month Certificate

Mutual Federal Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.12%$500$249k5 Year IRA
2.12%$500$249k5 Year Roth IRA
2.02%$500$249k4 Year IRA
2.02%$500$249k4 Year Roth IRA
1.97%$500$249k3 Year IRA
1.97%$500$249k3 Year Roth IRA
1.82%$500$249k2 1/2 Year IRA
1.82%$500$249k2 1/2 Year Roth IRA
1.77%$500$249k2 Year IRA
1.77%$500$249k2 Year Roth IRA
1.73%$500$249k1 1/2 Year IRA
1.73%$500$249k1 1/2 Year Roth IRA
1.71%$500$249k1 Year IRA
1.71%$500$249k1 Year Roth IRA
0.35%$500$249k9 Month IRA
0.35%$500$249k9 Month Roth IRA
0.20%$500$249k6 Month IRA
0.20%$500$249k6 Month Roth IRA
0.15%$500$249k3 Month IRA
0.15%$500$249k3 Month Roth IRA
Locations


Mutual Federal Bank Locations
Mutual Federal Bank2212 West Cermak RoadChicago, IL 60608

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