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Mutual Federal Bank


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

Mutual Federal Bank is headquartered in Chicago and is the 311th largest bank in the state of Illinois. It is also the 4,200th largest bank in the nation. It was established in 1905 and as of December of 2020, it had grown to 43 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.

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Reviews (2)

Super Nice And Helpful

Posted by: |

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: |

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

4


Health
A

Data as of Q4 2020

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
Employees43
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.63%
Return on Equity - YTD9.57%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$88.5MM$70.8MM
LoansQ4 2020vs Q4 2019$68.3MM$58.7MM
DepositsQ4 2020vs Q4 2019$66.1MM$56.1MM
Equity CapitalQ4 2020vs Q4 2019$15.2MM$13.9MM
Loan Loss AllowanceQ4 2020vs Q4 2019$921.00K$721.00K
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$1.4MM$2.6MM
Real Estate OwnedQ4 2020vs Q4 2019$765.00K$788.00K
Rates
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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.

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%*$2.5k*-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

Mutual Federal Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Interest Checking

Mutual Federal Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$500$249k1 Year Certificate
0.65%$500$249k2 1/2 Year Certificate
0.65%$500$249k5 Year Certificate
0.65%$500$249k18 Month Certificate
0.65%$500$249k2 Year Certificate
0.65%$500$249k3 Year Certificate
0.65%$500$249k4 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
0.65%$500$249k1 Year IRA
0.65%$500$249k1 1/2 Year IRA
0.65%$500$249k2 Year IRA
0.65%$500$249k2 1/2 Year IRA
0.65%$500$249k3 Year IRA
0.65%$500$249k4 Year IRA
0.65%$500$249k5 Year IRA
0.65%$500$249k1 Year Roth IRA
0.65%$500$249k1 1/2 Year Roth IRA
0.65%$500$249k2 1/2 Year Roth IRA
0.65%$500$249k3 Year Roth IRA
0.65%$500$249k4 Year Roth IRA
0.65%$500$249k5 Year Roth IRA
0.65%$500$249k2 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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.