Century Savings and Loan Association, originally established in 1903 as Century Building and Loan, has a rich history rooted in community financial empowerment. From its humble beginnings, the institution’s core mission was to foster savings through share accounts, channeling these funds into home mortgage loans, thereby building neighborhoods and securing futures. Over the decades, Century Savings Bank has evolved significantly, expanding its financial product offerings to meet the diverse needs of its clientele. Today, beyond its foundational savings and mortgage services, Century Savings Bank provides a comprehensive suite of banking solutions, including checking accounts, Money Market Deposit Accounts (MMDAs), Certificates of Deposit (CDs), and Individual Retirement Accounts (IRAs). The bank’s lending portfolio has also broadened, now encompassing commercial real estate loans, agricultural real estate financing, and land acquisition loans, demonstrating its commitment to supporting various sectors of the local economy.
A defining characteristic of Century Savings Bank is its mutual structure. Unlike publicly traded banks, Century Savings Bank is owned by its depositors. This mutual ownership model ensures that the bank’s priorities are directly aligned with the financial well-being of its customers. Decisions are guided by a local board of directors, composed of individuals from the community, ensuring a deep understanding of and responsiveness to local needs. As Century Savings Bank continues to thrive, its staff has grown, bringing in new talent while maintaining its commitment to local expertise. The bank prides itself on its employee longevity, with many staff members dedicating over two decades of service, fostering deep relationships with customers and embodying the bank’s ethos: offering not just jobs, but long-term careers. This stability and experience translate into consistent, reliable service for the bank’s clientele. The enduring motto of Century Savings Bank, “Local People Helping Local People,” remains at the heart of its operations, reflecting its dedication to personalized, community-focused banking.
Through generations, Century Savings Bank has been a steadfast financial partner for the community. It has successfully navigated economic shifts and societal changes, proving its resilience and adaptability. This longevity is a testament to the unwavering loyalty of its customers. For years, individuals, families, and businesses have placed their trust in Century Savings Bank, forging relationships that span generations. This deep-rooted trust is the cornerstone of the bank’s success and a reflection of its consistent commitment to customer satisfaction. Today, Century Savings Bank proudly serves the descendants of its original customers – children, grandchildren, and even great-grandchildren – a living testament to the enduring relationships built over more than a century. As it looks to the future, Century Savings Bank remains dedicated to its founding principles: providing friendly, accessible financial services and continuing its legacy of “Local People Helping Local People” for generations to come. This commitment to community and customer service positions Century Savings Bank as a reliable and trusted financial institution for the century ahead.
