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

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.
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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 - YTD0.33%
Return on Equity - YTD2.06%
Annual Interest Income$279.00K
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$11.7MM$11.1MM
LoansQ3 2018vs Q3 2017$6.8MM$5.8MM
DepositsQ3 2018vs Q3 2017$9.8MM$9.2MM
Equity CapitalQ3 2018vs Q3 2017$1.9MM$1.8MM
Loan Loss AllowanceQ3 2018vs Q3 2017$50.00K$43.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$1,000$2.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates
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Melrose First Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$5-Regular Shares Account
0.15%$5-Holiday Club
0.15%$5-Vacation Club

Melrose First Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$1k-36 Month CD
1.50%$1k-24 Month CD
1.25%$1k-18 Month CD
1.00%$1k-6 Month CD
1.00%$1k-12 Month CD
Locations


Melrose First Federal Credit Union Locations
Branch Office616 Main StMelrose, MA 02176-3116

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