North Side Federal is a federally chartered savings association serving the north side of Chicago. Founded in 1935 to serve the greater community by encouraging savings and promoting affordable home ownership through the prudent lending of deposits, North Side Federal remains a mutual financial institution committed to its original mission.
North Side Federal's history is embodied in its storied residence on the southeast corner of Clark Street and Foster Avenue. The three-story Clark-Foster Building, designed by the Swedish architect John A. Nyden, was built in 1922 at a cost of $300,000 to provide home for the Builders and Merchants State Bank.
North Side Federal's history is embodied in its storied residence on the southeast corner of Clark Street and Foster Avenue. The three-story Clark-Foster Building, designed by the Swedish architect John A. Nyden, was built in 1922 at a cost of $300,000 to provide home for the Builders and Merchants State Bank.
Services
Interest is paid on the full account balance on days when the minimum balance is satisfied at our posted rates. Compliment your checking with free online banking and bill pay, a North Side Federal debit MasterCard or ATM card, and direct deposit, direct debit, and fund transfer features. To learn more, please call us at 773-561-7051 or visit us at the corner of Clark and Foster in Chicago.
North Side Federal offers a variety of savings accounts to meet a number of needs. North Side Federal also offers certificates of deposit (CDs) at competitive rates for a variety of terms. Certificates are federally insured and guarantee a positive rate of return, making them dependable investments for all stages of life.
North Side Federal offers individual retirement accounts that use our federally insured certificates of deposit as the investment vehicle. The 18 month IRA has a minimum balance requirement of $250.00, while all other IRAs have a minimum balance requirement of $2,000.00. To learn more, please call us at 773-561-7051 or visit us at the corner of Clark and Foster in Chicago.
North Side Federal has over 75 years of home lending experience and is proud to provide financing to borrowers looking to purchase, refinance, or remodel their homes. Higher loan-to-value ratios for purchasing your home, especially if you are a first-time homebuyer. Use our payment calculator to estimate your monthly payments under different lending terms.
North Side Federal offers two retirement programs that allow for small businesses to contribute to IRAs in their employees' names. Contributions are deductible by the employer, within limits, and generally not taxable (until withdrawn) by the IRA owner. Contributions can be made up to the lesser of $30,000 or 15% of each eligible employee's compensation (subject to IRS limits).
Reviews (6)
Greg Dunn
May 18, 2021
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Ira Sanchez
Aug 06, 2020
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Lisa King
Jul 02, 2020
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Lyn Cole
Jul 17, 2019
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Nicholas Lessins
Jul 24, 2018
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Still No. 1. Humans answer phones directly, immediately, there’s no buffer of automated recordings that put you through an endless gauntlet of questions and departments, then to be put on hold. Everyone knows everything there, virtually no staff turnover, accounts and online account management are simple and streamlined. Only wish they would offer paperless email option for monthly statements instead of mandatory paper... maybe someday.
Steven Torres
Aug 11, 2015
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