First Federal of Mascoutah

First Federal of Mascoutah

  • 101 W Main St
  • Mascoutah, Illinois
  • 62258

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Description

First Federal Savings Bank was founded on August 1913 as the Mascoutah Building and Loan Association. At the time there was an influx of new citizens with virtually no rental properties available. To help solve this problem, a group of local businessmen invested to found the Building and Loan Association. Unlike banks of the time, the building and loan could make long time loans repayable in small periodical payments. This enabled a growing number of citizens with lower incomes to secure home mortgages and not have the problems associated with a short time mortgage. Since it's founding in 1913 First Federal Savings Bank has seen many changes in the financial industry. Services offered have changed from the simple savings plans and mortgage loans of 1913 to the full service family center we enjoy today. First Federal offers an array of products and services to satisfy your family needs at any of our three full service locations - 101 W. Main St. , Mascoutah , IL - 1200 E. Hanover St., IL - 108 W. St. Louis St. , Lebanon , IL .

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