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 on Wednesday, May 15, 2024, 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, 2024. The purpose of the Annual Meeting is to consider and vote upon the election of Mr. Jeff Baker, Mrs. Annette Russel, and Mr. Scot Ortman as directors and such other business as may properly come before the Annual Meeting or any adjournment thereof.

Security Federal Savings Bank

Savings Options

You work hard for your money. It’s time to put your money to work for you. Whether you’re a small or large business, Security Federal has got you covered.

Business Savings A great account for businesses that are ready to start saving money.
Only $500 minimum balance required to avoid a $5.00 monthly service fee. Competitive interest rate - tiered (see disclosure). Only $25 minimum to open. Open Your Account Online

Certificate of Deposits A special type of savings account.
A CD is also called a “time deposit.” The funds in the CD must be kept for a specific period of time to avoid early withdrawal penalties. Generally, the longer the term of the certificate the higher the rate of interest earned. Minimum deposit is required to open account. Please see us for details. Open Your Account Online

Business Money Market A special account for business customers which earns a higher rate of interest.
Only $50,000 minimum balance required to avoid a $10.00 monthly service fee. Competitive interest rate - tiered (see disclosure). $50,000 minimum to open. Requires Premier Business Checking. Open Your Account Online

SecFed High Yield Money Market for Business Maximize the earnings on your business account with our premium tiered rates.
Only $50 minimum to open Only $5,000 minimum balance required to avoid a $7.50 monthly service fee Competitive interest rate - tiered - See Rates Interest paid on balances up to $7.5 million Open Your Account Online

^* Savings and money market accounts are subject to Federal Reserve Regulations D, which permits no more than 6 pre-authorized or automatic transfers per statement cycle.