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  • Heartbleed Details

    Published Tuesday, April 15, 2014

    The OpenSSL Heartbleed vulnerability has been in the news recently. Our engineers began testing our websites when the Heartbleed OpenSSL vulnerability was initially made public and we were never at risk for the exploits related to this vulnerability. We want to reassure that the security of our website and our customer’s data is extremely important more»
  • Alert: Debit Card Scam

    Published Thursday, March 13, 2014

    Several customers have reported a fraudulent automated call stating the customer’s debit or credit card has been locked out. This appears to be a generic message not specifically targeted at any one financial institution’s customers. The automated call asks the customer to enter their debit or credit card number for verification. A legitimate more»
  • Announcing Increased Fourth Quarter and Year End 2013 Earnings

    Published Friday, February 7, 2014

    Muncie, Indiana - MutualFirst Financial, Inc. (NASDAQ: MFSF), the holding company of MutualBank (the “Bank”), announced today net income to common shareholders for the fourth quarter ended December 31, 2013 of $2.3 million, or $.32 for basic earnings per common share and $.31 for diluted earnings per common share. This compared to net income more»
  • Tuesday Office Updates

    Published Tuesday, January 28, 2014

    Financial Center Updates as of Tuesday at 1:00 PM: MutualBank Financial Centers in Elkhart, Kosciusko and St. Joseph County opened at noon with the exception of our Church Street, River Park and Erskine Financial Centers in St. Joseph County. View our Locations and Hours page to find nearby locations. Elkhart and Kosciusko County offices will close at 5 more»
  • Announcing Annual Meeting Date

    Published Tuesday, January 28, 2014

    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 7, 2014 at 3:00 p.m. local time. The Record Date for voting has been set for March 3, 2014. MutualFirst Financial, Inc. is the parent company of MutualBank, an Indiana-based financial more»
  • Elkhart, Kosciusko and St. Joseph County Office Closures and Updates

    Published Monday, January 27, 2014

    All Kosciusko County Financial Centers will open at noon today (1/27/14). All Elkhart, Kosciusko and St. Joseph County Financial Centers will close at 5:00 PM. As for Tuesday (1/28/14), all Elkhart, Kosciusko and St. Joseph County Financial Centers are scheduled to open at noon. Please stay tuned for updates regarding Tuesday's plans. We will be more»
  • Tuesday Closings

    Published Tuesday, January 7, 2014

    Please check back to this site, periodically throughout the day to see updates regarding MutualBank Financial Center closings. As of 4:00 PM: Delaware County Financial Center drive thrus will close at 5:00 PM. Grant County Financial Centers will remain closed Tuesday Elkhart County Financial Centers will open at regular operating hours. Kosciusko County more»
  • All MutualBank Offices Closed - Monday All Day

    Published Monday, January 6, 2014

    Due to the snow and dangerously cold weather, we have decided all of our Financial Centers will remain closed on Monday (1/6). All Delaware, Elkhart, Grant, Kosciusko, Randolph, St. Joseph and Wabash county Financial Centers will remain closed all day Monday. We anticipate reopening Tuesday at our normal operating hours. We will be monitoring conditions more»
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  • Heartbleed Details

    The OpenSSL Heartbleed vulnerability has been in the news...

    Tuesday, April 15, 2014

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Personal Banking Security Measures for the 21st Century

clientuploads/21st-Century-Securitysquare180.pngMany of us are constantly connected to the online world these days. This means that the potential is there for our computers and personal information to be compromised which greatly increases the risk of ID theft and financial fraud to occur. However, by taking some basic precautions you can significantly reduce the risk of your computing environment being compromised. Following these simple guidelines should help your computing environment become more secure:

Keep your computer and software up-to-date

Keep your computers and network equipment secured with the latest software updates and enable automatic updates whenever possible.  This includes updates to third party applications such as Java and Adobe Products.  

Use hard drive encryption

In the event your machine is lost or stolen, drive encryption can prevent others from accessing the data on your hard drive.  The purpose is to encrypt or scramble your data on your machine so that it can only be read with your encryption key.Many operating systems offer drive encryption.  Microsoft offers Bitlocker and Apple has FileVault. There are also other third party encryption offerings.   

Enable your firewall

Think of the firewall to your computer as the fence around your property.  If there were multiple holes cut in the fence, it wouldn’t be very useful at keeping people out.  Firewalls are typically enabled by default on Windows machines, but double check to make sure it’s on.  Here are instructions to do so if you are using Windows 7. Only allow necessary applications inbound access through your firewall. The same principles apply to your network firewall. 

Configure your screensaver

Set an auto-locking screensaver so your account gets locked out after a few minutes.  This is useful if you forget to lock your machine when are away from it. On Windows machines this can usually be done by pressing the “Windows Key” and the “L” button simultaneously.

Make your passwords stronger

The longer and more complex the password, the better.  At least 16 characters with a combination of upper and lowecase letters, numbers, and special characters is a best practice.

Configure your router

Use the strongest wireless security available (currently WPA2-CCMP) with a long and complex password for your wireless network. Disable WPS on your wireless router for greater security.   

 


Think that some secure banking information
of yours has been compromised?

If you suspect that your personal financial information has been compromised, call MutualBank Customer Support at 800-382-8031.


 

Monday, April 7, 2014

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A Culture of Giving

The Merriam-Webster Dictionary defines “culture” as the beliefs, customers, arts, etc., of a particular society, group, place or time.

The MutualBank culture has always been one to support our community and particularly our local United Way agencies. You might be wondering “Why support the United Way?” or “Why not just support the non-profits directly?”

As a financial institution, we get asked for sponsorships and donations all throughout the year. There are many great causes in Indiana and especially within our footprint. Unfortunately, we cannot financially support each one of these efforts. Certainly we wish we could, but we cannot. It is because of this conundrum that we have a culture of supporting the United Way.

In short, United Way acts like a funnel for funds donated. It gathers and pools together as many of the resources that are available in the community. Then it takes a look at the areas of greatest need and distribute funds back out. While we are involved in our communities, we are not a non-profit who fills a void in the community. As economies change, so do the needs. As companies close, schools consolidate or demographics change, the needs in our community change. The United Way keeps a pulse on those changes, enabling opportunities for the needs of our direct community to be met.

MutualBank’s vision is to help people live better lives. We do that by helping our customers and communities receive banking products and services that align with their lifestyle. We help by living out our “Four C’s”: Character, Compassion, Class and Competition. But we also live out our vision by impacting the community around us in a positive way. In 2013, I think we did just that.

Across our footprint (Delaware, Elkhart, Grant, Kosciusko, Randolph, St. Joseph and Wabash counties), MutualBank contributed $117,800 to the United Way in 2013! The donations came from MutualBank employee donations, MutualBank retiree donations and a donation through the MutualBank Charitable Foundation. This shows through each individual donation, we can come together with one purpose of helping people.  Just like the United Way, we can join efforts to make brighter headlines and lasting impact.

A special “Thank You” to MutualBank employees from Pat Botts,
President & COO:

“I am consistently amazed at the generosity our staff shows towards people who need us. Thanks for making this a great place to call home! Thank you for believing in the MutualBank culture of helping people live better lives. Thank you for being generous with your time and resources so that we can make a lasting impact on the communities where we work, live and play." 

Thursday, February 13, 2014

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Congratulations to Greg Binkerd!

We are so proud of our employees. Many of our employees dedicate time to organizations and groups outside the walls of MutualBank to extend our vision of helping people live better lives. This past week, one of our employees was honored by the dedication, time and efforts he spent giving back.

Greg Binkerd, Financial Center Manager at MutualBank’s 15 North Financial Center in Warsaw, was named the Warsaw/Kosciusko County Chamber of Commerce Ambassador of the Year! Greg has been a tireless worker for the Chamber, lending a helping hand at everything from their special events to member outreach and retention.

MutualBank would like to take a moment to thank Greg for his dedication to the Warsaw and Kosciusko County community. We appreciate all you do to help people live better lives!

https://www.bankwithmutual.com/clientuploads/BlogPictures/Binkerd_Chamber Ambassador Web.jpg

Pictured: (L to R) Greg Binkerd and Mark Dobson, Chamber President

Thursday, February 6, 2014

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Our Employees Make a Difference

The Merriam-Webster Dictionary defines “culture” as the beliefs, customers, arts, etc., of a particular society, group, place or time.

The MutualBank culture has always been one to support our community and particularly our local United Way agencies. You might be wondering “Why support the United Way?” or “Why not just support the non-profits directly?”

As a financial institution, we get asked for sponsorships and donations all throughout the year. There are many great causes in Indiana and especially within our footprint. Unfortunately, we cannot financially support each one of these efforts. Certainly we wish we could, but we cannot. It is because of this conundrum that we have a culture of supporting the United Way.

In short, United Way acts like a funnel for funds donated. It gathers and pools together as many of the resources that are available in the community. Then it takes a look at the areas of greatest need and distribute funds back out. While we are involved in our communities, we are not a non-profit who fills a void in the community. As economies change, so do the needs. As companies close, schools consolidate or demographics change, the needs in our community change. The United Way keeps a pulse on those changes, enabling opportunities for the needs of our direct community to be met.

MutualBank’s vision is to help people live better lives. We do that by helping our customers and communities receive banking products and services that align with their lifestyle. We help by living out our “Four C’s”: Character, Compassion, Class and Competition. But we also live out our vision by impacting the community around us in a positive way. In 2013, I think we did just that.

Across our footprint (Delaware, Elkhart, Grant, Kosciusko, Randolph, St. Joseph and Wabash counties), MutualBank is contributing $117,800 to the United Way! The donations came from MutualBank employee donations, MutualBank retiree donations and a donation through the MutualBank Charitable Foundation. This shows through each individual donation, we can come together with one purpose of helping people.  Just like the United Way, we can join efforts to make brighter headlines and lasting impact.

A special “Thank You” to MutualBank employees from Pat Botts,
MutualBank President and COO:

“I am consistently amazed at the generosity our staff shows towards people who need us. Thanks for making this a great place to call home!”

Thank you for believing in the MutualBank culture of helping people live better lives. Thank you for being generous with your time and resources so that we can make a lasting impact on the communities where we work, live and play. 

https://www.bankwithmutual.com/clientuploads/BlogPictures/CheckDelivery_UWDC_web.jpg(From L to R): MutualBank Senior Vice President and United Way Campaign Chair, Chris Caldwell and CEO and Executive Director of the United Way of Delaware County, Jenni Marsh.

Tuesday, December 17, 2013

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What Happens When You're Gone: Administrating An Estate

Scavenger Hunt was a very funny 1979 movie about settling the will of fictional game maker “Milton Parker”. Various groups of potential heirs- family, servants, and other acquaintances- had to play Mr. Parker’s final game, a scramble to find items on a scavenger hunt list to accumulate the most points in order to be sole heir of his fortune. 

After many humorous adventures acquiring the items it looked as though Mr. Parker’s greedy sister would win but the other groups gave their items to the more deserving granddaughter who won and shared the fortune with all but the greedy sister.

It was a lesson in how people can come together under adverse circumstances, overcome greed, and be happier for it. Unfortunately in real life the loss of a loved one is very serious and settling an estate can often be very difficult for those left behind.

Administering an estate is a demanding and complex business that can take months or years to complete. Executors (also called personal representatives) must know how to locate and place a value on all of your assets such as bank accounts, investment accounts, real estate, and personal property and to determine and pay all debts and claims against your estate.

The executor must work with your attorney to open the estate, manage, maintain and protect your property and investments while the estate is being settled, calculate and pay all taxes and file tax returns, distribute your assets as directed and give an accurate final accounting if required.

Your executor should not be emotionally involved in the situation. For an already distraught relative or friend the job can be overwhelming. In addition, a relative or friend acting as executor might create family conflicts, jealously, or mistrust. Appointing a neutral, unbiased third party eliminates the potential for this type of trouble.

Your executor must be competent and experienced in settling estates and should be trained in investments, tax law, business, and accounting.

Your executor must always be available. Will an individual executor be in good health and nearby when needed possibly many years later? An executor who lives in a different city or co-executors who live in separate states will find it difficult to complete the tasks on a timely basis.

Your executor is held legally and financially responsible and must have the resources to correct or compensate for any errors.

MutualWealth Management Group will always be available to carry out your wishes as expressed in your will efficiently and effectively unaffected by inexperience, biases or family pressures.

In order to have the professionals in our MutualWealth Management Group administer your estate, contact your attorney and have MutualBank named as your executor or personal representative; or contact us and we will help you gather the information you need before visiting your attorney.

This blog was brough to you by David Riggs, Vice President and Trust Investment Officer with the MutualWealth Management Group.

Monday, December 2, 2013

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Deer Need Banking Too

Not too long ago I saw a post on MutualBank’s Facebook page of a picture of three deer at our Bethel Financial Center in Muncie and the caption read, “Deer need banking, too.” I thought this was a pretty neat picture and post. I know it’s the time of year for deer to be out and about. Deer have been on my mind recently, believe it or not, and the above-mentioned Facebook post was just one of the reasons. And no, I’m not a hunter.  You see, I just turned 36 and I remember 20 years ago finally snagging my driver’s license. My Dad gave me a lot of advice but not necessarily about driving. I grew up in one of ‘those’ families who let their kids drive at an early age, dating back to sitting on Dad’s lap and him working the pedals with me at the wheel. Looking back, I’m sure Dad probably had a hand ready to take the wheel, but he chose to give me that experience and showed me trust even at an early age. 

You’re probably reading and thinking what in the heck does this have to do with banking. Well, not much, but it does have a lot to do with experience, advice, and learning. The advice Dad gave me at 16 still runs through my head today. One piece of Dad’s advice was, “When it starts to rain, oil raises to the top of the pavement and the road will get slick.” Another was, “Keep an eye out for other drivers. At night, don’t rely on looking for headlights, look harder and make sure there are no cars coming when you turn on to a busy road.” Receiving my license in a rural town in Indiana during harvest season led him to give me one additional piece of advice, “When it is harvest season, deer are scared because of all of the farm equipment.  Many deer are in the fields and will run across the road to get away from the tractors. Keep an eye out for deer.”

I recently told Dad as we were driving late at night, “Dad, you know one thing I never forget is you telling me during this time of year, keep an eye for deer.” We chuckled and had a moment that is kind of cool for a young man, at one time a little boy, to share with his father. It was special to let him know that his seemingly insignificant advice wasn’t insignificant at all. Just a few moments later as we approached a curve there stood three deer right beside the road. We both emphatically said – “look there, right there they are!” We again chuckled at my coincidental earlier comment. I listened to my Dad’s advice.

A few weeks later I was teaching a customer service class at MutualBank.  A piece of this two-day training is lunch with our COO the first day and our CEO the second day.  During our CEO’s presentation he talked about experience as a key component to growth and development.  That’s when he made a comment that struck me and it brought all of my driving experience and my Dad’s advice to the forefront of my mind. Dave, our CEO said, “I had a mentor, the President before me, who said, ‘Dave, you can only get 10 years experience in 10 years’.” This comment, this simple truth, was profound.  It’s true. Dad had several years of experience that he imparted on me as I started driving. As simple as it may be, it made a difference to me. Sometimes we need a mentor, someone to guide us and give us advice to help us grow personally and professionally. I’ve had several influential individuals, like my Dad, my previous managers, current manager, co-workers and friends who have given me great personal and professional advice.  I’m thankful after 14 years of working at MutualBank for the advice, experience, and opportunities I have been given.

If you are looking for a great organization that believes in its employees and gives them opportunities to gain experience, then I would encourage to look at working at MutualBank. We are defined by core values of Character, Compassion, Class, and Competition. I can relate each of these to my personal and professional life and even to that great advice my Dad gave me as young driver hitting the road for the first time alone. Ready to grow, learn, and work for a great organization? MutualBank might be the right fit for you!

 

This blog is brought to you by Chase Batt, Assistant Vice President and Training Manager at MutualBank.

Tuesday, November 19, 2013

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Plan Is Not A Four Letter Word: Budgeting for 2014

Well, yes, technically, it IS a four letter word.  But I think you know what I mean. 

In today’s world, people cringe at the word “budget”.  It is synonymous with “belt-tightening”, “frugalness” etc.  All words that make the American consumer love for spending groan.  Insert eye-roll here. 

A high percentage of the American people live paycheck to paycheck.  Some don’t know what most of their money is spent on.  

With a little planning and budgeting, looking ahead and making solid changes can be pretty simple to do.  Here are a few tips to help in this process.

  1. Make a detailed list of expenses.  If you use a checking account, this is as easy and sitting down with your bank statement through eStatements or Online Banking and looking at the month in a snapshot.  List all recurring debts such as loan payments, utilities, credit cards bills.  Also add up trips to the grocery, etc. 
  2. Add up your monthly income, after deductions.   This includes taxes and another other deductions you have, such as 401K, insurance, etc. 
  3. Deduct number one from number two.  This is your disposable income.   If you have a negative number, you need to look at number 1 again and see if there is something you can cut, or if you are overspending in areas such as grocery, eating out, etc.
  4. Once you get a manageable figure, you can then look at your budget.  There are lots of good budgeting tools free on the internet that you can use to figure out where your money is going.

The key to this is making it work for you.  Not all budgeting programs work for everyone.  Make sure you give yourself some grace.  Changes to lifestyle don’t happen overnight.  Allow yourself some “free” money.  Get your kids involved.  Make it a game.  There are lots of things to do with this so you can get a better handle on your finances. 

Remember, planning may not be something that comes naturally to all, but it can be learned.  

This blog is brought to you by Debra Jones-Price, Financial Center Manager at MutualBank's Bethel Financial Center in Muncie, Indiana. 

Thursday, October 24, 2013

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Do You Have The Right Partners?

There was a book written in 1995 entitled The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do about It. The author premises that many businesses fail due to a lack of proper management of the company. This comes as a result of the owner being pulled in too many directions while trying to help his or her business truly succeed. At its core, the author suggests that more companies need someone who will work "on" the business instead of "in" the business.

So, what does this look like?

For many companies this means that the owner needs to find good partners to work with. Does the company have a trusted CPA advisor that he or she can turn to with accounting questions? Is there good legal advice that can help in situations whereby good counsel can ultimately save a company money through better contracts? And, does the company have a good relationship with a Business Banker?

What can your Business Banker do for you?

For starters, the Business Banker can provide a wealth of knowledge. Often, the lender has had experiences with others who may be in similar lines of business. As such, he or she can use the past to help the business owner by asking some tough questions. Tough questions, such as: 

  • How much more were your sales this year?
  • Help me understand the growth in your inventory category on your balance sheet.
  • Does that growth imply stale inventory, excess capacity or stocking up for incoming sales that are anticipated in the fourth quarter?

Business Bankers have access to a variety of resources as well that can help the company owner understand how his or her company compares to others in the same industry throughout the country with the same sales volumes or history. This comparative data can help drive additional analysis of process, procedures, and sales tactics, all good discussions to be having with your banker.

And that's not all your Business Banker can do for you. He or she can introduce you to other clients that might have synergistic opportunities. For example, if they have a body shop client, they might be able to introduce that client to all of their various insurance agents with whom they work. "I'd like to introduce you to Bob. He has a great body shop business and I know that he can help your clients with their car repair needs." The body shop client benefits, the insurance agent has another good source for taking care of his or her clients, and of course, the additional business ultimately benefits the bank's client which is good for the bank. When was the last time that you asked your Business Banker for a referral?

Finally, the Business Banker ultimately has his or her clients' interest at heart. If the relationship (and I use the word "relationship" intentionally here) is not beneficial to both parties, then ultimately, it is not good for either. It is in the bank's and the client's best interests to have a "mutual admiration society" between each other. When a bank's client is happy and feels good about the service and advice he or she is getting from the bank's lenders, then they win. And if the bank's client wins, then ultimately, the bank wins as well. Both should feel this is a great relationship and that they are mutually looking out for one another's interests.

So, as a business owner, do you have the right banking relationship to help you focus "on" and not "in" your business? If not, then ask the tough questions of your banker.

This blog is brought to you by Senior Vice President and Business Banking Manager, Chris Caldwell.

Tuesday, October 15, 2013

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News

Subscribe to our News

News

  • Heartbleed Details

    Published Tuesday, April 15, 2014

    The OpenSSL Heartbleed vulnerability has been in the news recently. Our engineers began testing our websites when the Heartbleed OpenSSL vulnerability was initially made public and we were never at risk for the exploits related to this vulnerability. We want to reassure that the security of our website and our customer’s data is extremely important more»
  • Alert: Debit Card Scam

    Published Thursday, March 13, 2014

    Several customers have reported a fraudulent automated call stating the customer’s debit or credit card has been locked out. This appears to be a generic message not specifically targeted at any one financial institution’s customers. The automated call asks the customer to enter their debit or credit card number for verification. A legitimate more»
  • Announcing Increased Fourth Quarter and Year End 2013 Earnings

    Published Friday, February 7, 2014

    Muncie, Indiana - MutualFirst Financial, Inc. (NASDAQ: MFSF), the holding company of MutualBank (the “Bank”), announced today net income to common shareholders for the fourth quarter ended December 31, 2013 of $2.3 million, or $.32 for basic earnings per common share and $.31 for diluted earnings per common share. This compared to net income more»
  • Tuesday Office Updates

    Published Tuesday, January 28, 2014

    Financial Center Updates as of Tuesday at 1:00 PM: MutualBank Financial Centers in Elkhart, Kosciusko and St. Joseph County opened at noon with the exception of our Church Street, River Park and Erskine Financial Centers in St. Joseph County. View our Locations and Hours page to find nearby locations. Elkhart and Kosciusko County offices will close at 5 more»
  • Announcing Annual Meeting Date

    Published Tuesday, January 28, 2014

    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 7, 2014 at 3:00 p.m. local time. The Record Date for voting has been set for March 3, 2014. MutualFirst Financial, Inc. is the parent company of MutualBank, an Indiana-based financial more»
  • Elkhart, Kosciusko and St. Joseph County Office Closures and Updates

    Published Monday, January 27, 2014

    All Kosciusko County Financial Centers will open at noon today (1/27/14). All Elkhart, Kosciusko and St. Joseph County Financial Centers will close at 5:00 PM. As for Tuesday (1/28/14), all Elkhart, Kosciusko and St. Joseph County Financial Centers are scheduled to open at noon. Please stay tuned for updates regarding Tuesday's plans. We will be more»
  • Tuesday Closings

    Published Tuesday, January 7, 2014

    Please check back to this site, periodically throughout the day to see updates regarding MutualBank Financial Center closings. As of 4:00 PM: Delaware County Financial Center drive thrus will close at 5:00 PM. Grant County Financial Centers will remain closed Tuesday Elkhart County Financial Centers will open at regular operating hours. Kosciusko County more»
  • All MutualBank Offices Closed - Monday All Day

    Published Monday, January 6, 2014

    Due to the snow and dangerously cold weather, we have decided all of our Financial Centers will remain closed on Monday (1/6). All Delaware, Elkhart, Grant, Kosciusko, Randolph, St. Joseph and Wabash county Financial Centers will remain closed all day Monday. We anticipate reopening Tuesday at our normal operating hours. We will be monitoring conditions more»
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