mutual banking puts you first

Maspeth Federal Savings is a mutual savings bank, meaning we’re owned by our customers, not shareholders. Since 1947, we’ve helped families and businesses across Queens, Long Island, and surrounding communities build financial security through personalized service and local investment.

When you bank with Maspeth Federal, you’re not just an account holder — you’re a member.

WHY BANKING WITH A MUTUAL BANK MATTERS

Unlike traditional banks that focus on shareholder profits, a mutual bank is customer-owned. That structure allows us to prioritize better rates and lower fees, long-term financial stability, and built-in community investment. When you bank with a mutual bank, your money stays local. You have all the same products and services you're used to, but your deposits help fund small businesses, home loans, and community projects that strengthen the place you live.

MUTUALS MATTER

Maspeth Federal proudly supports Mutuals Matter, an organization that advocates for customer-owned banks. This partnership helps ensure fair regulations, long-term independence, and continued reinvestment in better rates, lower fees, and stable banking services.

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Why choose a Mutual Bank?
Words from the CEO

Banking with a mutual means choosing an institution where every decision is guided by the best interests of our members and communities.

Tom Rudzewick, President & CEO

BECOME A MEMBER TODAY!

Join Maspeth Federal Savings and enjoy personalized service, competitive products, and a bank that puts your community first.

OPEN AN ACCOUNT

Our Mission

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

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Our History

Founded in 1947, Maspeth Federal Savings has been helping local families and businesses build a brighter future.

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Contact Us

Need to talk with our financial literacy team? Reach out via email at finlit@maspethfederal.com

Email us - Contact Us