Featured Savings Rates
Featured Accounts

Melrose First Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.50%1-year CD12 Month CD
0.15%SavingsRegular Shares Account
0.85%2-year CD24 Month CD

Overview / Commentary
781-662-7276
616 Main St
Melrose, MA 02176

Melrose First Federal Credit Union is headquartered in MELROSE and is the 121st largest credit union in the state of Massachusetts. It is also the 4,063rd largest credit union in the nation. It was established in 1962 and as of September of 2017, it had grown to 2 employees and 1,619 members at 1 location. Melrose First Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees of the City of Melrose, Melrose Housing Authority, EMARC, Congregational Retirement Homes Inc., Melrose YMCA, Montvale Tire Company, and members of the Melrose Chamber of Commerce.
See current membership details

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Melrose First Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #14820
Year Chartered1962
Employees2
Primary Regulator
Profit Margin
Return on Assets - YTD0.08%
Return on Equity - YTD0.51%
Annual Interest Income$247.00K
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$11.1MM$10.4MM
LoansQ3 2017vs Q3 2016$5.8MM$5.0MM
DepositsQ3 2017vs Q3 2016$9.2MM$8.5MM
Equity CapitalQ3 2017vs Q3 2016$1.8MM$1.9MM
Loan Loss AllowanceQ3 2017vs Q3 2016$43.00K$41.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$2.00K$4.00K
Real Estate OwnedQ3 2017vs Q3 2016$0$0
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Melrose First Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

Melrose First Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Regular Shares Account
0.15%--Club Account

Melrose First Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$1k-24 Month CD
0.65%$1k-18 Month CD
0.50%$1k-12 Month CD
0.25%$1k-6 Month CD
Locations


Melrose First Federal Credit Union Locations
Branch Office616 MAIN STMELROSE, MA 02176