Central Federal Savings & Loan

In 1890, 7 people of Czech descent filed for a license with the Secretary of State for the organization of Jungman Building and Loan Association.The original charter stated that the formation of the Association was in accordance with the provisions of an act of the General Assembly of the State of Illinois entitled “An act to enable an association of persons to become a body corporate to raise funds to be loaned to the members thereof,” with the said purpose of “building and improving homesteads.”