February Business of the Month: Citizens Federal Savings and Loan

​When you’ve been in business for 140 years, you’ve seen it all: world wars, economic booms and busts, and countless changes in fashion – both in clothing and banking! Citizens Federal Savings and Loan has not only survived but thrived, becoming an integral part of Logan County since 1885.
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It all began on February 13, 1885, when a group of visionaries came together to establish what was then called the Citizens Building & Loan Company. Their mission? To help Logan County residents buy, build, and repair their homes. With local businessman and Civil War hero Captain T.L. Hutchins at the helm as the first president, the Association began its work in a shared office on South Opera Street, paying a humble $4.50 a month in rent.

​Over the years, Citizens Federal moved around Downtown Bellefontaine, upgrading locations to accommodate growth and better serve customers. From its early days at 104 North Main Street to its current home at 100 North Main Street – a historic building full of character – the company has stayed true to its roots in the heart of the community. The most recent move in October 2022 marked a return to the former Bellefontaine National Bank building, a testament to their dedication to preserving local history while looking toward the future.

Why Logan County? The answer is simple: it’s home. The founders of Citizens Federal were deeply invested in the community, and that commitment continues today. Whether it’s helping residents secure mortgages or supporting local initiatives, Citizens Federal remains steadfast in its mission to serve the people of Logan County.
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Their presence extends far beyond banking. Citizens Federal is a strong advocate for local businesses, schools, and organizations, investing in the area to help ensure Logan County continues to flourish. Their impact can be seen in various sponsorships and community involvement efforts, further reinforcing their role as a trusted financial partner and neighbor.

​From personal and business checking accounts to residential and commercial mortgages, Citizens Federal offers a wide array of financial services. They’re also known for their expertise in Health Savings Accounts (HSAs) and Individual Retirement Accounts (IRAs) and are extremely proud of their dedication to fostering financial literacy among the youth. Their School Savings account and School Banking program are designed to teach students practical saving habits and build confidence in managing money.

​As a mutual bank, Citizens Federal operates differently from traditional stock banks. Instead of being owned by outside shareholders, they’re owned by their depositors and borrowers. This unique model allows them to focus on offering better rates and lower fees to customers while investing in their employees and the community. From sponsoring local schools’ academic and athletic programs to supporting the United Way of Logan County, Citizens Federal’s impact extends far beyond banking.

By reinvesting in the community, they help ensure that Logan County remains a thriving place to live and work. Their mutual bank model provides the flexibility to prioritize long-term customer relationships over short-term profits, creating a financial institution that is truly built for the people it serves.

Citizens Federal Savings and Loan is celebrating their 140th anniversary this year. A big milestone for the year will be the relaunching of their School Banking program and introducing new youth-focused checking and savings accounts. These initiatives aim to give the next generation strong financial solutions while still receiving the personal service they know and trust.
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As long-time members of the Chamber, Citizens Federal values the Chamber’s advocacy and behind the scenes efforts to support local businesses. Citizens Federal knows that the strength of the Chamber benefits the entire community, helping businesses grow and thrive. Their continued membership is a reflection of their commitment to supporting local economic development and fostering a business-friendly environment for all.

Ready to start your financial journey with Citizens Federal? Here’s how you can get in touch:

• Phone: 937-593-0015
• Website: citizensfederalsl.com
• Facebook
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Please help us congratulate Citizens Federal Savings and Loan on being the Logan County Chamber of Commerce February 2025 Business of the Month and for their incredible 140 years of service to our community!