Our Mission & HIstory

As a deeply committed community-driven bank, we start and finish every day with the same mission:

To help as many people as possible live their best and most prosperous lives.

Chartered in 1947, Maspeth Federal Savings (MFS) is one of New York City’s longest standing mutual savings banks with over $2.2 billion in assets. MFS provides customer-centric banking services and financial guidance to individuals, families and small businesses across New York City and Long Island as well as financing for residential and commercial properties. MFS operates seven full-service branches, a Loan Center and a Tech Center.

In addition to providing customers with resources to help clear the path to financial confidence and security, MFS has a deep-rooted commitment to the community, and its employees underscore that commitment through volunteerism. Certified as a “Great Place to Work” by the Great Place to Work® Institute, MFS fosters a culture that ensures its employees are empowered to act and inspired to help.