Mutual Federal Bank is a bank based in Chicago, Illinois, established in 1905, with $98 million in total assets across 1 branch. By Trust Grade it ranks 192nd of 328 banks we track in Illinois. Its capital ratio of 16.1% is stronger than 77% of similarly sized banks, versus a Illinois median of 10.3%. It was profitable over the most recent period, with a 0.59% return on assets. No consumer complaints against Mutual Federal Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Mutual Federal Bank compares to Illinois peers
How we graded Mutual Federal Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (16.1% capital ratio)
- Profitable (ROA 0.59%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Mutual Federal Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (1)
- 2212 W Cermak Rd, Chicago, IL 60608
Are deposits at Mutual Federal Bank insured?
Yes. Mutual Federal Bank is an FDIC-insured bank (FDIC certificate #28302). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Mutual Federal Bank: frequently asked questions
Is Mutual Federal Bank a good bank?
Mutual Federal Bank earns a Bankzia Trust Grade of A (95/100, "Excellent"), based on a financial-strength score of 95/100 (it has no CFPB complaints on record). Strongly capitalized (16.1% capital ratio); Profitable (ROA 0.59%).
Is Mutual Federal Bank FDIC-insured?
Yes. Mutual Federal Bank is a FDIC-insured bank (FDIC certificate #28302). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Mutual Federal Bank?
Mutual Federal Bank holds $98 million in total assets, ranking 192nd of 328 banks we track in Illinois. It operates 1 branch.
Does Mutual Federal Bank have CFPB complaints?
No CFPB complaints against Mutual Federal Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
