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Why Choose Us

Since 1905, Mutual Federal Bank has operated in Chicago, Illinois as a community financial institution, serving generations of families with a secure and reliable banking experience. Based on a foundation of trust and over 115 years of knowledge and experience, we continue to serve every customer with a unique and personalized approach to help create an empowering and enjoyable banking experience.

Careers: Join Our Team

Friendly, service-oriented and community-focused

At Mutual Federal Bank, we know our customers by their first name and work hard to provide a positive experience for each person who walks through our doors. Since 1905, we’ve been embedded in the heart of the Pilsen community, with a long-standing history of customer loyalty throughout generations of families that we serve. Our team of knowledgeable employees approaches each day intent on making an impact and providing truly distinctive customer service for our existing and new customers. Whether it’s the city or the suburbs, we’re dedicated to the communities in which we live, work and serve.

Mutual Federal Bank provides a wide range of employee benefits and services:

  • Competitive Wages and Bonus Opportunities
  • Medical Insurance
  • Dental
  • Vision
  • Short-term Disability
  • Long-term Disability
  • Life Insurance
  • 401k with company match
  • Employee Training & Development
  • Career Advancement Opportunities
  • Meaningful work with opportunities to give back to the community

Employee Testimonials

I have enjoyed working here because the people are very warm and friendly. This is a family-run bank, so they know that family is important. We have customers that have been with us for years and they say they will never bank anywhere else. We are a small bank but our customers are very loyal. Teller Supervisor with 25 years of service
I have been working at Mutual Federal Bank for almost 20 years now, and have been banking here since I was a kid. I always used to say ‘I would love to work there when I grow-up’. MFB is not any ordinary bank, it’s a family bank. We are all more than just co-workers, we are family. VP of Deposit Operations with 20 years of service
Mutual Federal Bank is a family-oriented organization with outstanding employees who care for its customers along with fellow co-workers. SVP Branch Operations with 2 years of service
Mutual Federal Bank has a great environment that makes you look forward to coming in every day. The staff is by far the greatest support you can ask for. Assistant VP of Lending with 7 years of service

Current Openings

We currently have no job openings. Please check back with us!

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EEOC Statement

Mutual Federal Bank is an Equal Opportunity Employer that does not discriminate on the basis of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth and pregnancy-related conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, genetic information, or any other characteristic protected by applicable federal, state or local laws and ordinances. Mutual Federal Bank’s management team is dedicated to this policy with respect to recruitment, hiring, placement, promotion, transfer, training, compensation, benefits, employee activities, access to facilities and programs and general treatment during employment.

The Bank will endeavor to make a reasonable accommodation of an otherwise qualified applicant or employee related to an individual’s: physical or mental disability; sincerely held religious beliefs and practices; and/or any other reason required by applicable law.

Investor Relations

On January 28, 2010, Mutual Federal Bancorp, Inc. (the “Company”), the holding company of Mutual Federal Bank (a federally chartered savings and loan association that was originally founded in 1905), filed a Form 15 with the Securities and Exchange Commission (the “SEC”) to deregister the Company’s common stock and suspend its reporting obligations under the Securities Exchange Act of 1934. Upon the filing of the Form 15, the Company’s obligation to file reports with the SEC, including annual reports on Form 10-K, quarterly reports on Form 10-Q and periodic reports on Form 8-K, was suspended. The Company and the Bank will continue to provide quarterly and annual financial reports to the Federal Reserve Board and the Office of the Comptroller of the Currency, respectively, as required, and to meet all applicable auditing standards as a regulated financial institution.


General Information
Mutual Federal Bancorp, Inc.
2212 West Cermak Road
Chicago, IL 60608

(312) 447-5200


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