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  • Declaring Cash Dividend

    Published Thursday, February 21, 2013

    MutualFirst Financial, Inc. (NASDAQ:MFSF), the holding company of MutualBank, has announced the Company will pay a cash dividend of $ .06 per share for the first quarter of 2013. The dividend will be payable on March 22, 2013 to shareholders of record on March 08, 2013. David W. Heeter, President and Chief Executive Officer said, “MutualFirst is more»
  • Announcing Annual Meeting Date

    Published Tuesday, January 29, 2013

    Muncie, Indiana – January 25, 2013 – MutualFirst Financial, Inc. (NASDAQ: MFSF), will hold its annual meeting of stockholders at the Bank’s headquarters at 110 E. Charles Street, Muncie, Indiana on May 8, 2013 at 3:00 p.m. local time. The Record Date for voting has been set for March 8, 2013. MutualFirst Financial, Inc. is the holding more»
  • MutualBank Promotes Scott Green

    Published Monday, January 7, 2013

    MutualBank promotes Scott Green to Vice President and Manager of the Central Region Business Banking team. Green, with over thirty years in the banking industry, has spent the last six years as a Business Banker for MutualBank. He is a graduate of the Academy for Community Leadership and the Wisconsin Graduate School of Banking. Prior to his career in more»
  • MutualBank Promotes Juli Eckel

    Published Thursday, January 3, 2013

    MUNCIE, INDIANA – MutualBank promotes Juli Eckel as the Cash Management Services Manager. As the Cash Management Services Manager, Eckel and her team of Business Services Officers will serve the Bank’s commercial clients ensuring they have the tools they need to operate their banking relationship effectively. Eckel previously served in various more»
  • MutualBank Promotes Chris Caldwell

    Published Monday, December 17, 2012

    MutualBank has promoted Chris Caldwell to Senior Vice President. He will succeed Don Kyle as Manager of the Business Banking division in early 2013. Caldwell, who started his banking career in 1990, obtained a B.S. from Manchester College, a M.A. from Ohio University and a MBA from Anderson University. Caldwell joined MutualBank in 2005 as Business more»
  • Declaring Cash Dividend

    Published Friday, November 16, 2012

    MUNCIE,INDIANA – MutualFirst Financial, Inc. (NASDAQ:MFSF), the holding company of MutualBank, has announced the Company will pay a cash dividend of $ .06 per share for the fourth quarter of 2012. The dividend will be payable on December 28, 2012 to shareholders of record on December 14, 2012. The Company’s subsidiary, MutualBank, is well capitalized and more»
  • Third Quarter 2012 Earnings

    Published Wednesday, October 31, 2012

    MutualFirst Financial, Inc. (NASDAQ: MFSF), the holding company of MutualBank (the “Bank”), announced today net income to common shareholders for the third quarter ended September 30, 2012 of $1.8 million, or $.26 for basic and diluted earnings per common share. This compared to net income available to common shareholders for the same period in 2011 of more»
  • Muncie Financial Center Reopened

    Published Tuesday, October 30, 2012

    The Broadway Avenue Financial Center in Muncie has regained power and is now open. Thank you for your patience. As always, stay in touch with us on Facebook or Twitter. If we can be of further assistance, email us or call us at 800-382-8031.
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  • Josh Kent appointed as LPL Financial Advisor at MutualBank

    MISHAWAKA, INDIANA – MutualBank and LPL Financial...

    Monday, February 1, 2016

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Mutual Blog

Social Engineering...Don't Be Fooled and Keep Your Banking Information Safe!

What is social engineering? 

CSO Magazine defines Social Engineering:

“Social engineering is essentially the art of gaining access to buildings, systems or data by exploiting human psychology, rather than by breaking in or using technical hacking techniques. For example, instead of trying to find a software vulnerability, a social engineer might call an employee and pose as an information technology (IT) support person, trying to trick the employee into divulging his password.”
– CSO November 2011

Social Engineering can take on many forms and fraudsters can be very successful using this method since it is very low tech and costs very little (if any) money to do. When it comes to banking online, it's even more important to understand the risks and how to keep your information safe and secure.

Here are some common methods of social engineering: 

  • Posing as a bank employee and calling you to trick you into divulging your personal financial information.
  • Posing as a relative calling you to say that your nephew, cousin, aunt, etc. has been stranded in Europe and needs money wired to them in order to get back home.
  • Facebook or Twitter scams such as free gift cards, phony charities, “watch this amazing video” are all used to trick people into again divulging private information to steal identities.

Protect yourself from social engineering:

  • MutualBank will not call or email you asking for personal, financial, or username and password information.
  • If you are suspect of a call you’ve received, insist on calling back with the published phone number of MutualBank or in the case of a relative the number that is known to you.
  • If it’s too good to be true…it probably is. Be very leery of extremely cheap or free products / services advertised on Facebook, Twitter or other social media sites.

At MutualBank, we strive to keep you educated of new scams or frauds.  For more information about protecting yourself visit our Alerts and Security information.  
Visit our Alerts anytime at bankwithmutual.com and click on "Alerts and Security". 

MutualBank customers can always call 800-382-8031 to report any instances of fraud or suspicious calls. Together we're working with you to keep your information safe.

Monday, January 30, 2012

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Holiday Debt Woes

Now that the Holidays are over, it is now time for those credit card bills to arrive and the determination of what was actually spent on holiday gifts become reality. 

As many Americans utilize credit cards to purchase gifts during the holidays and other items all year long, the repayment of that debt is always a challenge.  The excitement of the holiday season is over and the stress rises.  We use credit cards either as a convenience or because the cash is not available when we want.  Then the credit card bill arrives and we have a choice to make, pay the minimum payment and payoff the credit card in about ten years or try to make payments to reduce the balance more rapidly.  The following are a few suggestions to make the credit card debt go away and then utilize cash for the next holiday season or purchase.

  1. Have a plan and try to determine a reasonable payback period.  The quicker you pay off credit card debt, the more money you will save.  If you have $500 on a credit card and pay the minimum payment, you will end up paying over $1,200 when you eventually pay off the credit card ten years from now.  If you payback in three months, your total payback would be approximately $518. (Assuming 21% credit card rate)
    1. Use our calculator in our Financial Education Center to find out how long it will take to pay off your credit card.
    2. Once the credit card is paid off, use the payment you were making to create savings.  This will then allow you to use cash for your 2012 holiday purchases without having to resort to credit cards.
While this is easier said than done, it takes discipline.  And we’re here to help. Every year we make New Year’s resolutions, but if we are not disciplined it is very hard to stick to those resolutions.  Let’s chat. Maybe we can work together to come up with a game plan to help you pay down your debt.  Go ahead… make 2012 a year that you take control of your finances instead of your finances controlling you.

Tuesday, January 24, 2012

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Businesses: I'm Talking To You!

New Year’s Resolutions... nope, I don’t subscribe to them.  I also don’t subscribe to fad diets (although there are times when I should), the latest fashions, or much else that seem to be the latest topics, trends, or crazes.  However, what I do believe is necessary and appropriate is to use the calendar as a good benchmark for various aspects of life.  Spring and Fall time changes are good reminders to change the batteries in the smoke detector.  Anniversaries are a good time to reflect and make a special effort to thank that special person for putting up with me.  Well you get the idea...

And, this is the time of year that I encourage our lending team to get out and talk to our clients and vice-versa.  Businesses traditionally are ramping up for the year and looking forward.  They are thinking about meeting with their CPA.  They are looking at the year ahead and trying to determine what sales goals are for the year.  And it is at this time of the year that bankers should be taking the time to visit with their clients.  Here is a list of conversation topics that your banker needs to be having with you (who initiates the conversation is not as important as having it).

  • How do you (the business owner) think 2011 will end up and why? (Did revenue go up, down or sideways?  What kind of bottom line do you expect and why? )
  • What are your 2012 expectations – where do you see this year differing from last and why?
  • Major acquisitions of fixed assets (equipment, real estate) on the horizon?  What will that do for the company (does it make sense to invest hard earned money into something – will it make the company more efficient?)
  • Any other potential changes on the horizon (staffing, ownership buy outs, possible acquisition of additional lines of business)?
  • Expectations of what you (the business owner) want from your banker (number of meetings each year, communications channels, etc.)

You should expect your banker to be of assistance, giving you good guidance and advice.  If the banker can’t understand your business, it is difficult for him/her to be able to help you.  Meet with your banker, make sure he/she “get it”, and open up those communication channels for both of you to succeed.  The bank doesn’t do well unless its clients do well, and businesses don’t do well unless their bank is by their side helping them achieve the goals and aspirations of their companies.

Go ahead and start these conversations today!

Monday, January 16, 2012

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Tech Savvy at 50?

I’m 50 now.  Shhh – don’t tell anyone.  My brain still hasn’t caught up with my physical age in many ways, and I kind of hope it doesn’t.   I’m actually working on just the opposite – getting my physicality in a little better shape, and a little ‘younger.’  It’s a long-term commitment, for sure.

My brain does act 50 sometimes though – when it comes to being technology-savvy, I’m a little slow to get on board.  It took a lot of poking and prodding to get me on Facebook.  I’ve been on it for a few years, and I have to face facts – my technology-driven friends were ‘right on.’  I’ve reconnected & learned more about friends -from my current pals all the way back to elementary school chums.  Facebook is as intimidating as I let it be.  I’ve learned to manage the urge to be on it incessantly.  I’ve become closer with some of my friends as a result, and I know some acquaintances better than before.

I have a Smartphone, read books and magazines on my Kindle, am on LinkedIn (the professional social network, so they say), and I do most of my banking via the internet.  I get my bank statements via email, and I have to stop sometimes as I flip through my mail at home – and ask myself why haven’t I signed up for almost everything to come electronically?   So much paper is wasted….

Truth is, I’m not quite as tech-savvy as I could be, but I’m solidly above the bottom of the matrix.  Maybe I’m in the ‘first quartile’ of tech-savvy?  I don’t tweet, use Foursquare or Hootsuite, and frankly, don’t even know what a couple of those are.  But I’m trying. Are you?

The New Year gives us the little nudge we need sometimes to try something new. Maybe you’ve been thinking about trying online banking or online bill pay. Maybe you’d like to use mobile banking, but you’re just not sure. Do it. Take that leap and try something new this year. Who knows, maybe you’ll be like this 50 year old and find that technology can be good. 

Monday, January 9, 2012

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Now That The Holidays Are Over...

You’ve made it through Thanksgiving, Black Friday, Cyber Monday, holiday gift exchanges, holiday dinners, family gatherings, post-holiday sales, gift returns, refunds, exchanges and you ask yourself now what?  Well, there’s no doubt that during all of the holiday festivities that you have most likely used your MutualBank debit cards, credit cards, and checks.

You’ve probably used your MutualBank financial tools more over the last several weeks than the previous couple of months put together.  This means unfortunately there are more opportunities for fraud to occur during the holiday season.  Fraudsters and hackers are always attempting to get bank account information, especially during the holidays. One of the most important resources MutualBank has are our customers. That's why you will see us continue in the fight to protect consumers against fraud. 

You are part of our front line defense against consumer financial fraud.  Our job is to make sure that our customers, like you, are informed to protect their financial assets against fraud.  A simple first step is to make sure that you know your spending habits.  The easiest way you can do this is to carefully review your bank and credit card statements that cover the holiday time period.

Tips on reviewing your holiday spending:

  • Use your statements or MutualBank’s Personal Online Banking…are you signed up for eStatements yet?  
  • Look for extra charges from retailers that you visited.
  • Pay close attention to your online purchase listings. 
  • View your cleared checks to make sure that they were not altered in any way to change the payees or dollar amounts.
  • If you see any debits or charges on your statements that look suspicious please notify our Customer Support area immediately by email or by calling 800-382-8031. Additionally, we welcome you to stop by any of our locations!

If you are a victim of online fraud you should also file a complaint at the Internet Crime Complaint Center

Like what you read today? Stay tuned. At the beginning of every month, we’ll provide you with new security tips. Just one more way we’re trying to help you live a better life!

Tuesday, January 3, 2012

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Last Minute Christmas Shopping

Are all of your gifts bought and wrapped? If so, I’m impressed!

Generally speaking, I am shopping all the way up to Christmas day. Sometimes it’s because I can’t decide what to buy and sometimes it’s simply because I haven’t made enough time to shop. Either way, there have been times I’ve found myself in a bind. It’s Christmas Eve and I finally decide what I want to give, but I can’t purchase it before the store closes. So what am I to do?

This year, I started shopping a couple of weeks ago and throughout one of my purchases, I had an experience I couldn’t resist sharing with you. Did you know you could use your UChoose Loyalty Reward points for gift cards? Did you know you could get some of those gift cards the same day? Let me share with you about my recent Christmas shopping experience.

I was using my lunch hour to complete some online Christmas shopping.  It just so happened that I could get four different gifts for people on Amazon.com. Once I confirmed my soon to be gifts, I proceeded to checkout.  As I arrived on the page asking for my debit or credit card number, I realized I could get a gift card with my UChoose Loyalty Rewards. It only occurred to me while I was checking out because a day earlier, my coworker said you can get UChoose Loyalty Reward gift cards emailed to you rather than wait the 7-10 days for a plastic gift card to come in the mail.

So I hopped over to the UChoose Loyalty Reward website to purchase a gift card with my points. I found the Amazon gift card, selected the amount I wanted, chose how I would prefer to receive it (mail or email) and added it to my cart.  (Side note: I found in most cases, it was cheaper, less points that is, to choose the email option than the plastic option.) After I confirmed my purchase, I went over to my email and lo and behold, there it was!  I used the gift card immediately and was able to complete my Amazon purchase.

As Christmas is only five days away, I thought you needed to know about this convenience. If you’re anything like me, still sorting out who to buy for and what to get, keep in mind UChoose Loyalty Reward gift cards. You could order it and receive it in less than 15 minutes.

Go ahead…finish that last minute Christmas shopping today!

Tuesday, December 20, 2011

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The Android App is Here!

Beginning today, December 5, 2011, Android mobile phone users can download an application designed specifically for Google Android devices!

We are excited to share this news because for almost 6 months, we've been offering MutualMobile, a free mobile banking service. When we discussed "What's your phone to you" back in July during the release of MutualMobile, Android users could use the browser on their phone to access their accounts. But now, the Andoroid App is here.

For users already enrolled in MutualMobile, we created some quick instructions to help you get the application.

  1. Log in to your MutualBank online banking and access ‘Mobile Banking’. 
  2. Select the “I want to change my Mobile Banking services” option to add the downloadable application. 
  3. After you have changed your services, we will send you a text message with a link that takes you directly to our Android application, TouchBanking, in the Android Market.

If you have not yet enrolled in MutualMobile, it only takes a few minutes! Log in to online banking and navigate to the Mobile Banking pages to register.

Our phones are so many things to us these days...our watch, alarm clock, email, newspaper, search engine, navigation, and now banking. Go ahead...get started today!

Monday, December 5, 2011

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Money Saving Tips for the Holidays

The winter holiday season is almost here. Soon we will be busy with holiday activities--cooking, decorating and socializing. We'll also be shopping for gifts for family and friends, but unfortunately may overspend. Then in the New Year, when the bills start rolling in, reality and regret will strike.

Here are some tips on how you can enjoy the season without inducing an overspending hangover in January.

  • Make a list of everyone on your gift list. Try to limit it to close family and friends, and set a maximum amount to spend for each recipient. Calculate this total; if too high, revise the individual limits to keep the total reasonable.
  • If you have overspent already, review the list to see where you may be able to give meaningful gifts without spending. Consider giving personal "coupons" for specific chores-for example lawn mowing, babysitting, cooking a meal or hand car washes.
  • While some people enjoy the hustle and bustle of shopping malls, you may prefer to stay home and shop online, which saves on travel expense. To maximize the value of virtual shopping, look for free-shipping promotions. Another option is to check with nearby retailers to see if they can save you on shipping costs if your item is shipped to the store, instead of to your home address.
  • Many people use credit cards for their holiday shopping in order to increase frequent flier miles and other rewards offered by their credit card company. There are benefits to this strategy, but keep in mind that will need to budget for the charges arriving in January; they will need to be paid off to avoid incurring large credit card interest.
  • You might opt to use cash for Christmas shopping. Decide on an amount for each person, total the amounts, and take cash from your checking account. Divide the cash into your predetermined amounts for each person, and place the cash in envelopes with each person's name and amount on the envelope. Take these envelopes with you on your shopping excursion. Stick with your list, and when the cash is gone, it's gone.
  • With social media outlets such as Twitter and Facebook, you also may be able to find additional money-saving coupons and discounts.
  • If you have adequate storage space, one of the best times to do your Christmas shopping is in January, when retailers are clearing out their merchandise from the holidays. Along this line, think of shopping for stocking stuffers during the year, as these trinkets can become costly if bought during the holiday rush.

To make the most of your holiday season, sit back and take a moment to enjoy the meaning of the season and the opportunity to gather with family and friends and all those you hold dear. Then take a deep breath, and shop wisely.

 

Source: Indiana Bankers Association - November 15, 2011

Monday, December 5, 2011

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News

  • Declaring Cash Dividend

    Published Thursday, February 21, 2013

    MutualFirst Financial, Inc. (NASDAQ:MFSF), the holding company of MutualBank, has announced the Company will pay a cash dividend of $ .06 per share for the first quarter of 2013. The dividend will be payable on March 22, 2013 to shareholders of record on March 08, 2013. David W. Heeter, President and Chief Executive Officer said, “MutualFirst is more»
  • Announcing Annual Meeting Date

    Published Tuesday, January 29, 2013

    Muncie, Indiana – January 25, 2013 – MutualFirst Financial, Inc. (NASDAQ: MFSF), will hold its annual meeting of stockholders at the Bank’s headquarters at 110 E. Charles Street, Muncie, Indiana on May 8, 2013 at 3:00 p.m. local time. The Record Date for voting has been set for March 8, 2013. MutualFirst Financial, Inc. is the holding more»
  • MutualBank Promotes Scott Green

    Published Monday, January 7, 2013

    MutualBank promotes Scott Green to Vice President and Manager of the Central Region Business Banking team. Green, with over thirty years in the banking industry, has spent the last six years as a Business Banker for MutualBank. He is a graduate of the Academy for Community Leadership and the Wisconsin Graduate School of Banking. Prior to his career in more»
  • MutualBank Promotes Juli Eckel

    Published Thursday, January 3, 2013

    MUNCIE, INDIANA – MutualBank promotes Juli Eckel as the Cash Management Services Manager. As the Cash Management Services Manager, Eckel and her team of Business Services Officers will serve the Bank’s commercial clients ensuring they have the tools they need to operate their banking relationship effectively. Eckel previously served in various more»
  • MutualBank Promotes Chris Caldwell

    Published Monday, December 17, 2012

    MutualBank has promoted Chris Caldwell to Senior Vice President. He will succeed Don Kyle as Manager of the Business Banking division in early 2013. Caldwell, who started his banking career in 1990, obtained a B.S. from Manchester College, a M.A. from Ohio University and a MBA from Anderson University. Caldwell joined MutualBank in 2005 as Business more»
  • Declaring Cash Dividend

    Published Friday, November 16, 2012

    MUNCIE,INDIANA – MutualFirst Financial, Inc. (NASDAQ:MFSF), the holding company of MutualBank, has announced the Company will pay a cash dividend of $ .06 per share for the fourth quarter of 2012. The dividend will be payable on December 28, 2012 to shareholders of record on December 14, 2012. The Company’s subsidiary, MutualBank, is well capitalized and more»
  • Third Quarter 2012 Earnings

    Published Wednesday, October 31, 2012

    MutualFirst Financial, Inc. (NASDAQ: MFSF), the holding company of MutualBank (the “Bank”), announced today net income to common shareholders for the third quarter ended September 30, 2012 of $1.8 million, or $.26 for basic and diluted earnings per common share. This compared to net income available to common shareholders for the same period in 2011 of more»
  • Muncie Financial Center Reopened

    Published Tuesday, October 30, 2012

    The Broadway Avenue Financial Center in Muncie has regained power and is now open. Thank you for your patience. As always, stay in touch with us on Facebook or Twitter. If we can be of further assistance, email us or call us at 800-382-8031.
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