How Far We've Come
Some see “small” as the opposite of “big.” But at Iroquois Federal, we believe small can be powerful. Rooted in a close-knit community in the heart of America, we’ve built our approach around the values that matter most — integrity, reliability, and genuine care.
We believe in doing the right thing, honoring our word, and helping good people achieve great things. Because sometimes, the smallest gestures lead to the biggest outcomes.
Where It All Began
It all started back in 1883 in Watseka, Illinois, with a charter from the state and a drive to make a difference. Back then, we were known as the Iroquois Building and Loan Association, a community-based banking arrangement like the one you see in It’s a Wonderful Life, where locals loaned money to locals so everyone could improve their way of life.
Our first residential loan was a simple $300 loan to a local photographer and justice of the peace. Word spread quickly, and soon people from all across the county came to us for help starting general stores, expanding farms, and building homes.
Growing with Purpose
In August 1936, we became a federally chartered member of the Federal Home Loan Bank of Chicago and the Federal Savings and Loan Insurance Corporation.
In 2011, we became a publicly traded company. Since then, we’ve expanded to include seven full-service banking offices and one loan production office in great Midwest towns. But we’ve never forgotten where we come from.
Still True to Our Roots
When you choose Iroquois Federal for your banking needs, you're choosing a team that understands your needs and is committed to helping you reach your goals. We believe in genuine connection, dependable support, and service that puts you first.