Our Mission & History

As a deeply committed community-driven bank, we start and finish every day with the same mission:

To lift up our neighborhood and the people within it by helping them live the most prosperous lives possible and by reinvesting in the community. 

Maspeth Federal Savings opened in 1947 to help locals lay down roots and plan for the future by taking out mortgages and opening savings accounts.

Of course, a lot has changed since those early days, but one thing hasn’t: Our proud distinction as one of the most trusted and respected independent financial institutions in this very special Queens community.

Today, with over $2 billion in asset management, we operate six full-service branches and a loan center. Each year, we contribute millions to local charitable institutions and community events, including our annual Smile on Maspeth Day.