The Mutual Federal Savings Bank was established in the year 1889 under the name Mutual Home and Savings Association. Said association aimed to provide a safe place for saving money, and a source of funds available to members of the community for the building and purchase of homes.

These ideals have been carried into the present days, and currently the Bank promotes and advances home ownership. The many services that the Bank provides to these ends can be found on its website. Both consumer and mortgage loans are available, alongside online banking and deposit accounts. There is also a page devoted to credit cards, and a credit card application can be performed online. On the other hand, the Mutual Federal Savings Bank also provides services that are geared towards businesses. These include online banking and cash management, as well as construction and development loans. The site features a branch locator for additional convenience.