NOTICE ANNUAL MEETING OF MEMBERS

Notice is hereby given that the Annual Meeting of Members (the “Annual Meeting”) of Security Federal Mutual Bancorp (the “MHC”) will be held at the office of Security Federal Mutual Bancorp/Savings Bank located at 314 4th Street, Logansport, IN 46947 on Wednesday, May 27, 2026, at 1:00 p.m., Eastern Time, and at any adjournment thereof. The record date for members eligible to participate in the Annual Meeting is March 31, 2026. The purpose of the Annual Meeting is to consider and vote upon the election of Dr. Susan Sciame-Giesecke (2029 Class), Mrs. Connie Shepherd (2029 Class), Mr. Bret Rinehart (2029 Class), Mr. Anthony Newman (2028 Class), and Mr. Jon-Myckle Price (2027 Class) as directors and such other business as may properly come before the Annual Meeting or any adjournment thereof. The Board of Directors is not aware of any other business to come before the Annual Meeting.

Term Loans

Business Term Loans

A business term loan is a set amount of money you borrow from Security Federal. It’s paid back over a specific period of time, or a term. You can borrow funds to purchase business equipment with a loan term of up to 7 years, expand your business (more business needs more space!), refinance your business property, or just about anything else you might need to do for your business.

A benefit to this type of loan is you know exactly how much your payment will be each month, and you’ll know the date the loan will be paid off.

Business term loans used for equipment and vehicles will have a fixed (set in stone) interest rate for the life of the loan.

Loans for real estate purposes come with an initial fixed term that converts to a variable interest rate during the life of your loan. This loan type has a cash-out refinance option where you as a business owner can access the equity in your real estate to support expansion and more.

You have many payment options available, such as: