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Mutual Federal Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.12%5-year CD5 Year Certificate
2.50% - Ally Bank High Yield 5 Year CDAdvertisement
1.71%1-year CD1 Year Certificate
2.10% - Goldman Sachs Bank USA High-yield 12 Month CDAdvertisement
1.82%3-year CD2 1/2 Year Certificate
2.35% - Synchrony Bank 36 Month CDAdvertisement
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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 323rd largest bank in the state of Illinois. It is also the 4,434th largest bank in the nation. It was established in 1905 and as of December of 2017, it had grown to 37 employees at 1 location. Mutual Federal Bank's CD rates are 90% higher than the national average, and it has a B+ health rating.

Related Posts

Mutual Federal Bank (IL) Raises 1-Year CD Rate - 8/18/2017

Mutual Federal Bank (Chicago) has raised the rate on its 1-year Certificate (1.62% APY). The minimum deposit is $500, with a balance cap of $249k. Also as an IRA.

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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 Q4 2017

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
Employees37
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.2%
Return on Equity - YTD1.22%
Annual Interest Income$3.9MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$90.7MM$77.9MM
LoansQ4 2017vs Q4 2016$72.1MM$64.3MM
DepositsQ4 2017vs Q4 2016$70.4MM$63.8MM
Equity CapitalQ4 2017vs Q4 2016$13.6MM$13.5MM
Loan Loss AllowanceQ4 2017vs Q4 2016$888.00K$863.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$1.8MM$2.1MM
Real Estate OwnedQ4 2017vs Q4 2016$194.00K$100.00K
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%*$2,500*-Money Market Account
OTHER TIERS: 0.25% → Up to $2,500

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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