NOTICE: ANNUAL MEETING OF MEMBERS

Notice is hereby given that the Annual Meeting of Members (the “Annual Meeting”) of Security Federal Mutual Bancorp (the “MHC”) will be held at the office of Security Federal Savings Bank located at 314 Fourth Street, Logansport, Indiana on Wednesday, May 21, 2025, at 1:00 p.m. Eastern Time, and at any adjournment thereof. The record date for members eligible to participate in the Annual Meeting is March 31, 2025. The purpose of the Annual Meeting is to consider and vote upon the election of Dr. Dianne Brown, Mr. Derek Fisher, and Mr. Michael Ivy as directors and such other business as may properly come before the Annual Meeting or any adjournment thereof.


Allison Crowell
CORPORATE SECRETARY

 

 

Security Federal Savings Bank

Construcción de viviendas nuevas especiales

Are you considering buying or building a home, and can’t decide which to do? If you build your own home, your builder might offer financing, or you may need to secure your own new home construction loan. Security Federal offers new home construction loans.

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Préstamo de construcción convertible en permanente 

Construction-to-permanent loans are a financing option that prospective custom home builders can apply for. Construction-to-permanent loans are one-time-close loans that fund construction and then convert into a permanent mortgage. During the 6–18-month construction phase, borrowers make interest-only payments. After the construction phase, the payment includes both principal and interest. An extension can be requested if the home is not complete.*

  • 0.50% Credit Toward Closing Costs
  • Interest-Only Payments During Construction
  • Your Construction Rate Becomes Your Permanent Rate
  • Lot Equity May Be Used Toward Your Down Payment
  • Optional Interest Rate Float-Down at Completion
  • Track Your Loan Status Anytime, Anywhere

We also offer an optional interest rate float-down at the end of the construction phase if interest rates decrease below the rate at origination. The floor rate is 4.50%.

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*A 1/2% of the loan balance will be deducted from the borrower's closing costs, up to $5,000. All loans subject to credit approval. Other restrictions may apply. SFSB reserves the right to discontinue this offer at any time.

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