Mutual Federal Bank is headquartered in CHICAGO and is the 274th largest bank in the state of Illinois. It is also the 3,812th largest bank in the nation. It was established in 1905 and as of June of 2023, it had grown to 27 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.
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.
This is a great bank that treats it's customers with class and kindness.
Overall | |
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FDIC Certificate # | 28302 |
Year Established | 1905 |
Employees | 27 |
Primary Regulator | OCC |
Profit Margin | |
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Return on Assets - YTD | -0.19% |
Return on Equity - YTD | -1.4% |
Annual Interest Income | $2.7MM |
Assets and Liabilities | ||
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Assets | Q2 2023vs Q2 2022 | $107.7MM$109.2MM |
Loans | Q2 2023vs Q2 2022 | $91.2MM$94.7MM |
Deposits | Q2 2023vs Q2 2022 | $67.7MM$73.1MM |
Equity Capital | Q2 2023vs Q2 2022 | $15.1MM$15.5MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $1.4MM$957.00K |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $248.00K$346.00K |
Real Estate Owned | Q2 2023vs Q2 2022 | $785.00K$864.00K |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.25% | - | - | Passbook Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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0.75%* | $2.5k* | - | Money Market Account | ||
OTHER TIERS: 0.25% → Up to $2.5k |
Mutual Federal Bank Locations | ||
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Mutual Federal Bank | 2212 W Cermak Rd | Chicago, IL 60608 |