Mutual Federal Bank is headquartered in Chicago and is the 300th largest bank in the state of Illinois. It is also the 4,095th largest bank in the nation. It was established in 1905 and as of December of 2021, it had grown to 47 employees at 1 location. Mutual Federal Bank's money market rates are 14% higher than the national average, and it has an A 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 | 47 |
Primary Regulator | OCC |
Profit Margin | |
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Return on Assets - YTD | 0.5% |
Return on Equity - YTD | 3.03% |
Annual Interest Income | $3.2MM |
Assets and Liabilities | ||
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Assets | Q4 2021vs Q4 2020 | $92.8MM$88.5MM |
Loans | Q4 2021vs Q4 2020 | $65.3MM$68.3MM |
Deposits | Q4 2021vs Q4 2020 | $71.0MM$66.1MM |
Equity Capital | Q4 2021vs Q4 2020 | $15.7MM$15.2MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $950.00K$921.00K |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $477.00K$1.4MM |
Real Estate Owned | Q4 2021vs Q4 2020 | $882.00K$765.00K |
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* 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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0.35% | $25 | - | GreatKids Savings | |
0.15% | - | - | Statement Savings | |
0.15% | - | - | Passbook Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.50%* | $2.5k* | - | Money Market Account | ||
OTHER TIERS: 0.25% → Up to $2.5k | |||||
0.50%* | $2.5k* | - | Business Money Market Account | ||
OTHER TIERS: 0.25% → Up to $2.5k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.15% | - | - | Interest Checking |
Mutual Federal Bank Locations | ||
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Mutual Federal Bank | 2212 West Cermak Road | Chicago, IL 60608 |