Farmers and Mechanics Federal
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Farmers and Mechanics is part of two surcharge free networks. ATMs eligible for this benefit can be found using the following locators:

Find a MoneyPass® ATM
Find an Alliance One ATM

Note that fees may apply at other financial institution ATMs.

Where Community Matters

Need assistance? We would love to help address any questions, ideas, or concerns you might have. Please stop by one of our branches or contact us by phone or e-mail:

Bloomfield Office: (812) 384-4473
Bloomington Office: (812) 332-4473
Eastern Office: (812) 792-4473

Farmers and Mechanics Federal
  • Home
  • Products & Services
    • Personal Banking
    • Business Banking
  • About
  • Contact
BankOn
Bank On Certified

Farmers and Mechanics' Basic Personal Checking account has been certified for the 2023-2024 Bank On National Account Standards

Online Banking
Online and Mobile Banking

Manage your money, pay bills, access your statements, and make deposits from wherever you happen to be.

Community Matters Checking
Community Matters Checking

Farmers and Mechanics knows that a little help goes a long way. Contribute directly to a designated charity with our Community Matters Checking account.

ATM Networks
Free of Fee ATM Networks

Farmers and Mechanics is part of the MoneyPass and AllianceOne Networks, allowing you to access your cash fee free nationwide.

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ATM Locator

Farmers and Mechanics is part of two surcharge free networks. ATMs eligible for this benefit can be found using the following locators:

Find a MoneyPass® ATM
Find an Alliance One ATM

Note that fees may apply at other financial institution ATMs.

Checking
Checking

Whatever your financial need, we have a checking account that will work for you.

Savings
Savings

Farmers and Mechanics offers a variety of savings products to fit your every need.

Lending
Lending

Farmers and Mechanics Federal has over 100 years of experience being a lender who truly cares about you individually.

Debit Card
Debit Card

No need to write a check or handle cash.

Direct Deposit
Direct Deposit

No need to write a check or handle cash.

Safe-Deposit Boxes
Safe-Deposit Boxes

Need a safe place to store valuables? We've got you covered.

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Other Services

See the other Personal Banking services we offer.

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Checking Accounts

With competitive interest rates, superior service, and up-to-date technological features, our checking accounts provide you with an excellent product for managing your finances.

Basic Checking

  • Bank On Certified
  • No monthly service charge
  • No minimum balance required
  • Free debit card
  • $10 minimum to open

Checking Plus

  • $5 service charge waived with direct deposit or daily balance of $500 or more
  • Free debit card
  • $250 minimum to open

E-Account

  • Tiered interest rate
  • $2.50 service charge waived with direct deposit or daily balance of $250 or more
  • Free debit card
  • Electronic statements
  • No withdrawal limit

Community Matters Checking

  • $10 donation to chosen charity for each new account opened during the year
  • Tiered interest rate
  • Free debit card
  • $5 service charge waived with direct deposit or daily balance of $500 or more
  • $250 minimum to establish account

Savings Accounts

Farmers and Mechanics offers a variety of savings products to fit your every need.

Christmas Club

  • No monthly service charge
  • Proceeds paid out in October
  • No withdrawals
  • $1 minimum to open

Statement Savings

  • Tiered interest rate
  • No withdrawal limit
  • $1 minimum to open

Lending

Farmers and Mechanics Federal has over 100 years of lending experience. We can help you purchase your first home, remodel your home to just the way you have always dreamed, or refinance your home to a lender who truly cares about you individually. We will not sell your loan on to another bank, so we can work with you to custom fit your mortgage to meet your needs.

First Mortgage Loans

Farmers and Mechanics Federal offers both fixed and adjustable rate mortgages with terms of up to 30 years for the purchase or refinance of a new or existing home. Our Lenders will work with you to customize a mortgage to fit your financial needs.

Home Equity Loans

A fixed rate and fixed monthly payment second mortgage loan can be funded utilizing the available equity in your home.

Home Equity Line of Credit

A home equity line of credit is a revolving loan that you may borrow up to a fixed amount. This product offers a flexible repayment schedule suited to your own personal budget.

Home Construction Loans

Our nine month construction loan provides draws as construction progresses and allows you to pay interest only on the outstanding balance monthly. The construction loan is converted to a first mortgage loan upon completion.

Personal Loans

Loans flexible to handle everyday life.

Credit Card Options

We make it easy to choose the credit card that is right for you - Low Rate or Preferred Points Rewards. It’s the only card you need for everything you need to do.

Learn More

Safe-Deposit Boxes

  • 3x5$15/year
  • 3x10$30/year
  • 4x10$40/year
  • 5x15$50/year
  • 10x10$60/year

No need to write a check or handle cash.

With your debit card, transactions are deducted from your checking account automatically. Use at any ATM to access your cash.

Get your check faster.

We can provide you with the information you need for your employer to set up direct deposit into your account.

Other Personal Services

Money Orders
Contact us or visit your local branch for more info
Gift Card
Contact us or visit your local branch for more info
General Purpose Reloadable Instant Issue
Contact us or visit your local branch for more info
Travel Card
Contact us or visit your local branch for more info
Award Card
Contact us or visit your local branch for more info

Quick Links

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Reorder Deluxe Personal Checks

Hours

Mon 8-5, Tues 8-5, Wed 8-1,
Thurs 8-5, Fri 8-5, Sat 8-12

 

Locations

Main Office
225 E Main St, Bloomfield IN 47424

Branch Office
3535 W Third St, Bloomington IN 47404
(CLOSED ON SAT)

Branch Office
1224 N State Road 45, Bloomfield IN 47424
(CLOSED ON WED)

Loan Production Office
260 E Main St, Jasonville IN 47438
(CLOSED ON SAT)