Mutual Federal Bank


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

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.

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
B+

Health Grade Components

Overall
FDIC Certificate #28302
Year Established1905
Employees27
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-0.19%
Return on Equity - YTD-1.4%
Annual Interest Income$2.7MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$107.7MM$109.2MM
LoansQ2 2023vs Q2 2022$91.2MM$94.7MM
DepositsQ2 2023vs Q2 2022$67.7MM$73.1MM
Equity CapitalQ2 2023vs Q2 2022$15.1MM$15.5MM
Loan Loss AllowanceQ2 2023vs Q2 2022$1.4MM$957.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$248.00K$346.00K
Real Estate OwnedQ2 2023vs Q2 2022$785.00K$864.00K
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
0.25%--Passbook Savings

Mutual Federal Bank Money Market Rates

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