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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 124th largest credit union in the state of Massachusetts. It is also the 4,117th largest credit union in the nation. It was established in 1962 and as of June of 2017, it had grown to 2 employees and 1,632 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 - YTD0%
Return on Equity - YTD0%
Annual Interest Income$163.00K
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$10.9MM$10.3MM
LoansQ2 2017vs Q2 2016$5.7MM$4.3MM
DepositsQ2 2017vs Q2 2016$9.0MM$8.4MM
Equity CapitalQ2 2017vs Q2 2016$1.8MM$1.9MM
Loan Loss AllowanceQ2 2017vs Q2 2016$42.00K$40.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$3.00K$9.00K
Real Estate OwnedQ2 2017vs Q2 2016$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
0.85%$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