Not all banks are the same. While many banks prioritize the profits of their stockholders, a mutual savings bank is owned by the people who hold deposit accounts there.
In other words, the difference between mutual and commercial banks is that a mutual bank has no external stockholders – they exist primarily for the communities in which they reside.
Security Federal Savings Bank is a mutual bank.
We are a trusted, long-standing and community-focused bank. Our status as a mutual bank means that Security Federal Savings Bank is owned by the very people we serve. We’re a bank that puts customers first – we thrive because our customers thrive.
We are a part of the same community you call home. The benefits of a mutual bank don’t just help you as a customer, but your money stays local, too! That means that any money you deposit at your mutual bank is money that stays in the community we all know and love, helping neighbors, local small businesses and community organizations reach their financial goals as well. Everything we do stays local.
Together, we can help make a difference in the places we call home. Learn more about the benefits of mutual banks in general at mutualsmatter.org.
Our Missions and Values
Courtesy. Safety. Flexibility. Our core values define who we are and how we are different from other, similar banks. Our values guide our customer service and our decisions as a bank. As your local mutual bank, we always work towards our customer’s long-term best interests, not short-term profits.
Our commitment to Courtesy means our customers always receive the VIP treatment. We remember your name before your account number, and we passionately serve and support our communities. Additionally, we are extra receptive to your feedback, which helps shape the direction our bank takes.
Our commitment to Safety means we strive to protect the welfare of all our customers and team members. At Security Federal Savings Bank, you can feel confident that we are top-notch security measures and insurance to keep your finances safe.
Our commitment to Flexibility is how we remain adaptable to our customers’ unique situations and changing financial environments. Our team members are not just helping you store or obtain funds – they are problem solvers who take the time to truly understand your needs.
Community Impact
We’re not just full of platitudes. We like to put our money where our mouth is when it comes to supporting our local communities. In fact, 10% of our annual earnings are directly reinvested into our neighborhoods through sponsorships of community events, charitable donations to local organizations, and volunteering.
Where you choose to bank matters. Your support of your local mutual bank translates to thousands of dollars of community support.
We’re always open to supporting new non-profits in the area as well. Visit our Giving Page for more information.
A Legacy of Service
Security Federal Savings Bank has been in Indiana for you since 1934, and we don’t intend to go anywhere soon. Our history is directly intertwined with our shared community.
At a trusted mutual bank like ours, you can expect long-term stability. Not only do mutual banks typically perform better and with a higher capital, but we have a long track record of putting our customers and community first with products and services you can rely on and great rates and low fees you’ll love.
Discover the Mutual Bank Difference Today
Ready to experience firsthand what it means to bank with a customer-owned bank that prioritizes people over profits? We are located in several cities throughout Indiana. Visit your nearest Security Federal Savings Bank branch or contact us today to get started!