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Every deposit you make helps strengthen the place you call home. That means more local businesses opening, more families buying homes, and more organizations doing meaningful work in the community. All of it is powered by you and where you choose to bank.
Across the country, the banking landscape is changing. Industry consolidation and have left many communities—urban and rural—without the local financial partners they once relied on. Instead of answering to outside shareholders, mutual banks are owned by their depositors. That means decisions are made locally and are guided by what is most impactful to the community and the people who live there. When you bank local with a mutual, your deposits help fuel lending, investment, and opportunity close to home.
Sometimes the most powerful way to support your community is surprisingly simple.
Where you bank matters.
Mutual banks have been strengthening communities for more than a century.
Because they are owned by depositors instead of shareholders, profits are reinvested locally. That means more lending to small businesses, more support for nonprofits, and more opportunities for families working toward financial stability.
Across the country, mutual banks help:
Today, mutual banks are also working together to remain strong in a rapidly changing financial landscape. Through Mutuals Matter a national coalition of mutual banks, institutions collaborate to preserve and promote the mutual banking model and ensure communities continue benefiting from locally focused financial institutions.
Mutual banks do more than provide financial services. For example, First Federal Lakewood partners with organizations like Habitat for Humanity of Greater Cleveland to help build stronger, more stable communities. Through the collaboration, they support pathways to homeownership by providing financing solutions, financial education, and volunteer resources that make it more possible for more individuals and families to achieve long-term housing stability.
Across our member banks, millions of dollars are reinvested each year into local communities to support the dream of homeownership, to help small businesses open their doors, and to provide volunteer work and banking solutions to nonprofit organizations.
