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Mutual Federal Bank

Popular Accounts at this Bank

1.85%5-year CD5 Year Certificate
1.19%3-year CD2 1/2 Year Certificate
1.01%1-year CD1 Year Certificate

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

Mutual Federal Bank is headquartered in Chicago and is the 356th largest bank in the state of Illinois. It is also the 4,779th largest bank in the nation. It was established in 1905 and as of December of 2016, it had grown to 25 employees at 1 location. Mutual Federal Bank's money market rates are 14% higher than the national average, and it has a B health rating.

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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: Anonymous | Oct 20, 2010

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

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

FDIC Certificate #28302
Year Established1905
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.42%
Return on Equity - YTD2.48%
Annual Interest Income$3.5MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$77.9MM$79.7MM
LoansQ4 2016vs Q4 2015$64.3MM$63.5MM
DepositsQ4 2016vs Q4 2015$63.8MM$66.1MM
Equity CapitalQ4 2016vs Q4 2015$13.5MM$13.2MM
Loan Loss AllowanceQ4 2016vs Q4 2015$863.00K$876.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$2.1MM$2.2MM
Real Estate OwnedQ4 2016vs Q4 2015$100.00K$0
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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

0.35%$25-GreatKids Savings
0.15%--Statement Savings
0.15%--Passbook Savings

Mutual Federal Bank Money Market Rates

0.50%*$2,500*-Money Market Account
OTHER TIERS: 0.25% Up to $2,500

Mutual Federal Bank Checking Account Rates

0.15%--Interest Checking

Mutual Federal Bank CD Rates

1.85%$500-5 Year Certificate
1.65%$500-4 Year Certificate
1.41%$500-3 Year Certificate
1.19%$500-2 1/2 Year Certificate
1.16%$500-2 Year Certificate
1.05%$500-18 Month Certificate
1.01%$500-1 Year Certificate
0.35%$900-9 Month Certificate
0.20%$1k-6 Month Certificate
0.15%$1k-3 Month Certificate

Mutual Federal Bank IRA Rates

1.85%$500-5 Year IRA
1.85%$500-5 Year Roth IRA
1.65%$500-4 Year IRA
1.65%$500-4 Year Roth IRA
1.41%$500-3 Year IRA
1.41%$500-3 Year Roth IRA
1.19%$500-2 1/2 Year IRA
1.19%$500-2 1/2 Year Roth IRA
1.16%$500-2 Year IRA
1.16%$500-2 Year Roth IRA
1.05%$500-1 1/2 Year IRA
1.05%$500-1 1/2 Year Roth IRA
1.01%$500-1 Year IRA
1.01%$500-1 Year Roth IRA
0.35%$900-9 Month IRA
0.35%$900-9 Month Roth IRA
0.20%$1k-6 Month IRA
0.20%$1k-6 Month Roth IRA
0.15%$1k-3 Month IRA
0.15%$1k-3 Month Roth IRA

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