FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Ranzini Family Trust (Last) (First) (Middle) 959 MAIDEN LANE (Street) ANN ARBOR MI 48105 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 03/24/2004	3. Issuer Name and Ticker or Trading Symbol U S MUTUAL FINANCIAL CORP [ USMT ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock $1.00 par value	2,601,885	I(1)	Through LLC(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* Ranzini Family Trust (Last) (First) (Middle) 959 MAIDEN LANE (Street) ANN ARBOR MI 48105 (City) (State) (Zip)

1. Name and Address of Reporting Person* MILDRED LANGE RANZINI TRUST (Last) (First) (Middle) 959 MAIDEN LANE (Street) ANN ARBOR MI 48105 (City) (State) (Zip)

1. Name and Address of Reporting Person* CLARE FAMILY TRUST (Last) (First) (Middle) 959 MAIDEN LANE C/O UNIV BK (Street) ANN ARBOR MI 48105 (City) (State) (Zip)

Explanation of Responses:

1. The reported securities are owned directly by LYRE, LLC ("LYRE"). Effective March 24, 2004, each of the Reporting Persons became a member of LYRE and, as a result, may be deemed to be the beneficial owner of the shares held by LYRE. Each of the Reporting Persons disclaims beneficial ownership of shares of the Issuer's common stock held by LYRE except to the extent of its pecuniary interests therein. Each of the Reporting Persons also may be deemed to be a director of the Issuer by virtue of its ability to designate a representative to serve on the Issuer's board of directors pursuant to the terms of LYRE's operating agreement.

Remarks:

Exhibit Lists: Exhibit 99 - Joint Filer Information

	/s/ Stephen Lange Ranzini, Trustee for each of the Reporting Persons	05/11/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
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