Featured Savings Rates
Featured Accounts
Overview / Commentary
616 Main St
Melrose, MA 02176

Melrose First Federal Credit Union is headquartered in MELROSE and is the 127th largest credit union in the state of Massachusetts. It is also the 4,216th largest credit union in the nation. It was established in 1962 and as of June of 2016, it had grown to 2 employees and 1,665 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


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

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

NCUA #14820
Year Chartered1962
Primary Regulator
Profit Margin
Return on Assets - YTD-0.23%
Return on Equity - YTD-1.27%
Annual Interest Income$148.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$10.3MM$10.3MM
LoansQ2 2016vs Q2 2015$4.3MM$4.4MM
DepositsQ2 2016vs Q2 2015$8.4MM$8.4MM
Equity CapitalQ2 2016vs Q2 2015$1.9MM$1.9MM
Loan Loss AllowanceQ2 2016vs Q2 2015$40.00K$33.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$9.00K$6.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
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

0.15%--Regular Shares Account
0.15%--Club Account

Melrose First Federal Credit Union CD Rates

0.50%$1k-12 Month CD
0.25%$1k-6 Month CD

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