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

Melrose First Federal Credit Union is headquartered in MELROSE and is the 117th largest credit union in the state of Massachusetts. It is also the 3,919th largest credit union in the nation. It was established in 1962 and as of June of 2018, it had grown to 2 employees and 1,567 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 - YTD0.1%
Return on Equity - YTD0.65%
Annual Interest Income$183.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$12.1MM$10.9MM
LoansQ2 2018vs Q2 2017$6.6MM$5.7MM
DepositsQ2 2018vs Q2 2017$10.2MM$9.0MM
Equity CapitalQ2 2018vs Q2 2017$1.9MM$1.8MM
Loan Loss AllowanceQ2 2018vs Q2 2017$48.00K$42.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$1,000$3.00K
Real Estate OwnedQ2 2018vs Q2 2017$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%$5-Regular Shares Account
0.15%$5-Club Account

Melrose First Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$1k-24 Month CD
1.00%$1k-18 Month CD
0.75%$1k-12 Month CD
0.50%$1k-6 Month CD
Locations


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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.