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

Direct Deposit

They say time is money, and we agree. The fastest way to get your paycheck into your bank account is by setting up direct deposit.

Direct Deposit is the electronic process of credits being made directly to your bank checking or savings account. No more paper checks to drop off at the bank and no having to remotely deposit your check using your smartphone.

Benefits:

Funds may show in your account before your payday
No paper check to get lost (by you or by USPS!)
You don’t have to wait to receive your check and then find time to go to the bank to deposit it.^*

^*If you find that your employer does not offer direct deposit, ask us how to deposit your check using our mobile app on your cellphone or click here for more details!

How it works:

Use our Direct Deposit form to give your employer your info. Some employers require their own form be filled out instead of our form, so check with them to see which form to use.
Submit the form to your employer who will process your direct deposit.
After 1-2 pay cycles you will see your funds directly deposited into your account.

Note: Unfortunately, some employers and other entitites do not offer direct deposit.

Email our New Accounts team to get a copy of the Security Federal form.

Payroll, Social Security, pension, and Christmas club checks may all be deposited into a savings or checking account. A voided check may be required if the money is being deposited into a checking account.

Do you have questions about Direct Deposit? Please call, stop in, or send us a message. We’re happy to help!

Send us a message