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

Melrose First Federal Credit Union is headquartered in MELROSE and is the 128th largest credit union in the state of Massachusetts. It is also the 4,199th largest credit union in the nation. It was established in 1962 and as of September of 2016, it had grown to 2 employees and 1,656 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.
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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 - YTD-0.22%
Return on Equity - YTD-1.2%
Annual Interest Income$223.00K
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$10.4MM$10.1MM
LoansQ3 2016vs Q3 2015$5.0MM$4.2MM
DepositsQ3 2016vs Q3 2015$8.5MM$8.2MM
Equity CapitalQ3 2016vs Q3 2015$1.9MM$1.9MM
Loan Loss AllowanceQ3 2016vs Q3 2015$41.00K$35.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$4.00K$11.00K
Real Estate OwnedQ3 2016vs Q3 2015$0$0
Rates
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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
0.50%$1k-12 Month CD
0.25%$1k-6 Month CD
Locations


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