Working to respond to the rapid changes and questions facing us all.
All of our lobbies will officially be open normal business hours effective June 8, 2020. The well-being of our customers and staff is our top priority. To maintain a safe environment during this time, we’ve made some updates to the standard practices within our lobbies.
For more info about what to expect, please visit our Lobby Guidelines page.
As always, drive-thru service is available, as well as our remote banking options:
Allpoint ATM Network - Mutual Federal customers with Visa-branded debit cards have access to Allpoint surcharge-free ATMs. All of our branches also have ATMs where cash can be dispensed.
Phone Banking 866-331-6372 - Access your account activity, check your balances, make transfers between your accounts or pay your loan.
Online Banking - View your account(s), check your balances, make transfers between your accounts, pay your loan, send a payment to a person or pay your bills.
Mobile App - View your account activity, make transfers or deposit a check with mobile check deposit.
At times of uncertainty, one thing you can always count on is the safety of your money at a bank. When you deposit your money at a bank, you get the comfort of knowing that your funds are secure and insured by the government. Uncertain times are exactly when you want the certainty and dependability of a bank.
As government stimulus checks are received, they will be deposited into accounts.
How to know if your stimulus payment has been deposited into your Mutual Federal account
You’ll be able to see the credit in your account activity using Mutual Federal Online Banking or the Mutual Federal Mobile Banking App.
CONTACT US FOR ASSISTANCE WITH LOAN PAYMENTS
FREQUENTLY ASKED QUESTIONS for Bank Customers Affected by COVID-19
If you need payment assistance regarding your First Bank Richmond Credit Card, please contact the TCM Customer Service line at 1-800-883-0131.
Mutual Federal understands the critical role small businesses play in the vitality of our communities and our economy. To help you through this uncertain time, we’ve assembled some resources to support you and your business.
Mutual Federal, a division of First Bank Richmond is excited to report that we have helped 460 small business customers in our communities through the Paycheck Protection Program. The nearly $65 million dollars that was loaned to these small businesses will help alleviate the effects of this pandemic. This is just another example of Mutual Federal and its customers “Doing great things together”.
We are now accepting applications for PPP Loans. Due to the heavy volume of requests, we will only be offering PPP loans to current customers.
To apply for a PPP loan with Mutual Federal, please complete the appropriate application below and return it to your loan officer in person or via secure email.
SBA Form 2483 – First Time Borrower Application Form
SBA Form 2483-SD – Second Draw Loan Borrower Application Form
Top-Line Overview of First Draw PPP Loans
Top-Line Overview of Second Draw PPP Loans
Procedural Notice - SBA Procedural Notice on Repeal of EIDL Advance Deduction Requirement
Here is additional information concerning PPP loans:
View Updated Frequently Asked Questions
How to Calculate Maximum Loan Amounts for First Draw PPP Loans and Documentation to Provide
Second Draw PPP Loans: How to Calculate Revenue Reduction and Maximum Loan Amounts
View Interim Final Rule Amending PPP Rules
View Interim Final Rule on Second-Draw Loans
View the PPP Loan Access Guidance
If you would like to speak with someone concerning the Paycheck Protection Program, please click the link below and complete the form and a specialist will contact you.
PPP MUTUAL FEDERAL CONTACT FORM
Here are additional resources that may be of assistance:
SMALL BUSINESS GUIDE AND CHECKLIST FOR EMERGENCY LOANS
THE SMALL BUSINESS OWNER'S GUIDE TO THE CARES ACT
The Small Business Administration has released a three-page “EZ” Paycheck Protection Program loan forgiveness application requiring less documentation and fewer calculations than previously required from Form 3508. The streamlined forgiveness form is expected to smooth the forgiveness application process for a substantial portion of PPP borrowers. SBA also updated the regular Form 3508 to reflect recent changes made by Congress in the PPP Flexibility Act and issued a new interim final rule that implements changes made by the PPPFA. Form 3508EZ applies to borrowers who meet any one of these three criteria:
Download updated Form 3508EZ & Instructions
Download updated Form 3508 & Instructions
Read the interim final rule
Borrowers may submit their completed applications to their lender at any time for submission to the SBA.
For clarification purposes, the SBA loan number and the First Bank Richmond loan number are exactly the same and can be located near the top of the paperwork that you signed.
If you have questions pertaining to filling out the application forms, we are referring you to your CPA for guidance.
The SBA has released a streamlined loan forgiveness application for Paycheck Protection Program loans totaling $150,000 or less. The two-page forgiveness application, Form 3508S, includes certifications from the borrower, but does not require calculations to be submitted with the application.
See full instructions and requirements in the links below.
Download updated Form 3508S & Instructions
Read the Interim Final Rule
For more information concerning the Coronavirus (Covid-19), please visit:
• USA Gov
• Centers for Disease Control & Prevention
• World Health Organization
• IRS Corona Tax Relief
• IRS Corona Paid Leave Information
First Bank Richmond is committed to helping our customers during these uncertain and challenging times. The circumstances concerning Covid-19 are rapidly evolving and we are dedicated to respond to those changes as they are presented and provide our customers with the highest level of service and attention. We encourage you to reach out to us at any time with any questions and concerns you may resulting from the impact of the Covid-19 pandemic.
To practice social distancing and promote general wellness for the communities that we serve, our lobbies are temporarily closed. There are several ways to continue banking during this time which include:
Allpoint ATM Network - All First Bank customers have access to Allpoint surcharge-free ATMs. All of our branches (with the exception of Centerville) also have ATMs where cash can be dispensed.
Phone Banking 877-962-2581 - Access your account activity, check your balances, make transfers between your accounts or pay your loan.
Online Banking - View your account(s), check your balances, make transfers between your accounts, pay your loan, send a payment to a person or pay your bills.
Mobile App - View your account activity, make transfers or deposit a check with mobile check deposit.
Anytime Mortgage - Loan applications (purchase or refinance) from your desktop, tablet or phone can be accessed.
We are in this together. If you are experiencing a financial hardship at this time, First Bank Richmond is here to provide the resources you need.
At times of uncertainty, one thing you can always count on is the safety of your money at a bank. When you deposit your money at a bank, you get the comfort of knowing that your funds are secure and insured by the government. Uncertain times are exactly when you want the certainty and dependability of a bank.
Frequently Asked Questions for Bank Customers Affected by Covid-19: https://www.fdic.gov/coronavirus/faq-customer.pdf
First Bank Richmond understands the critical role small businesses play in the vitality of our communities and our economy. To help you through this uncertain time, we’ve assembled some resources to support you and your business.
First Bank Richmond is awaiting guidance from the U.S. Small Business Administration and will quickly provide our customers access to apply for the small business loan programs in the CARES ACT. Please continue to check back for updates.
Be application-ready by gathering the following information:
Additional documents may be needed.
Purpose: In an effort to look out for our small business customers, First Bank Richmond is offering up to 90 days of payment deferral on all small business loans for those experiencing financial hardship due to COVID-19. Please note that interest will continue to accrue during the payment deferral period. Please contact your business banker or the Business Customer Service at (800) 548-8168 Monday through Friday 8:00 a.m. to 5:00 p.m. EST.
First Bank Richmond has suspended charging late fees on business loan payments. This suspension is effective through the end of May 2020 and we will continue to evaluate whether to extend this program.
Our Business Credit Cards are facilitated by TCM Bank. *I will fill this info once I receive it.....
Indiana small businesses can now apply for SBA Economic Injury Disaster Loans (EIDL).
For more information concerning the Coronavirus (Covid-19), please visit:
• Indiana State Department of Health
• USA Gov
• Centers for Disease Control & Prevention
• World Health Organization
• IRS Corona Tax Relief
• IRS Corona Paid Leave Information
© 2022 Mutual Federal
121 S. Ohio Avenue
Sidney, OH 45365
Routing Number: 274970791
If you use links provided on the Mutual Federal website that redirect to a third party website, you are acknowledging that you are leaving www.mutualfederal.com and are going to a website that is not operated by Mutual Federal, a division of First Bank Richmond. Mutual Federal is not responsible for the content or availability of linked sites. Mutual Federal does not represent either the third party or the visitor if a transaction is entered. In addition, privacy and security policies may differ from those at Mutual Federal.
