Security Federal: Your Mutual Savings Bank
Since 1934 we've protected and grown the financial health of our local communities as one of the nation's few mutual banks. We are a trusted, long-standing bank that puts customers first.
What Is a Mutual Bank?
A mutual bank is owned entirely by the people who bank here, not by outside shareholders.
When you open any deposit account with Security Federal, you become a customer-owner. That ownership structure lets us focus on what benefits you: Safety, service and fair pricing, rather than chasing quarterly stock returns.
Benefits of Being a Mutual Bank
- Customer-First Decisions: Rates, fees, and product changes are designed to serve members, not investors.
- Local Control: Branch managers and lenders live here and answer to you.
- Long-Term Stability: Mutual banks historically keep higher capital and lower risk profiles.
- Voice & Vote: As a customer-owned bank, your feedback directly shapes our direction.
Rooted Here Since 1934
Security Federal Savings Bank is Indiana born and bred. What began on Fourth Street in Logansport has grown to eight branch locations across Cass, Howard, Carroll, Tippecanoe, and Hamilton counties. Today, we are still an active part of our local communities, and our team members are your neighbors.
Keeping Your Money Local
Every dollar you deposit is recycled into loans for neighbors, local small businesses and community projects. We never siphon off our profits to Wall Street.
Full-Service Banking Under One Roof
Being a local mutual bank doesn’t mean we offer less. From locally administered Trust & Estate Services to Investment, Insurance, and Treasury Management, you’ll find big-bank capabilities delivered by people you know.
The Security Federal Savings Bank Difference
The team at Security Federal ensures that we remain vital to our communities by following the core values of Courtesy, Safety, and Flexibility.
Our team members are our most valuable resource. Yearly, we invest over $100,000 in team member development and education. This strengthens our institution and, more importantly, the unlimited futures and opportunities ahead for our employees.
Security Federal Savings Bank supports our local communities with more than just financial service. We are an active member of the community, providing the markets we serve with 10% of our annual earnings – more than $160,000 yearly – in sponsorships, donations, and charitable contributions.
We also lend a hand to those in need through volunteering, helping with fundraising events, community improvement projects, and to serve on non-profit boards because we believe in making our corner of the world a better place for everyone to live, work, and play.
Non-Profit Support
Download Our Annual Reports
2024 Annual Report | 2023 Annual Report | 2022 Annual Report | 2021 Annual Report | 2020 Annual Report