Bank · FDIC insured
Mutual Federal Bank
A $96.5M bank headquartered in Chicago, IL, with 1 branch in Illinois. Best rates: CDs 3.53% and savings 0.75% APY.
Mutual Federal Bank Carrot Score
66
Carrot Score
Higher than 16% of U.S. banks and credit unions
#96 of 124 in Chicago, IL-IN metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Mutual Federal Bank
Founded in 1905 and based in Chicago, Illinois, Mutual Federal Bank is a federally chartered savings and loan association owned by holding company Mutual Federal Bancorp, Inc.
The community bank is embedded in the Pilsen neighborhood and serves generations of families across the Chicago area.
- Headquarters
- 2212 W Cermak Rd, Chicago, IL 60608
- FDIC certificate
- 28302 ↗
Branches
1 branch in Illinois
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Illinois
1 branch
- Mutual Federal BankMain office2212 W Cermak Rd, Chicago, IL 60608Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 16.34% | 12.77% | 16.04% or more |
| Troubled loansNoncurrent | 1.09% | 0.46% | 0.00% or less |
| ProfitabilityReturn on assets | 0.61% | 0.99% | 1.52% or more |
| LendingLoans per $100 deposited | $132 | $67 | — |
- CapitalLeverage ratio16.34%Peers’ middle 12.77% · Top 25% 16.04%+
- Troubled loansNoncurrent1.09%Peers’ middle 0.46% · Top 25% ≤0.00%
- ProfitabilityReturn on assets0.61%Peers’ middle 0.99% · Top 25% 1.52%+
- LendingLoans per $100 deposited$132Peers’ middle $67
Compared with the 546 banks with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Mutual Federal Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.