Milford Federal Bank is headquartered in Milford and is the 84th largest bank in the state of Massachusetts. It is also the 1,803rd largest bank in the nation. It was established in 1937 and as of September of 2020, it had grown to 78 employees at 4 locations. Milford Federal Bank has an A+ health rating.
Overall | |
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FDIC Certificate # | 29835 |
Year Established | 1937 |
Employees | 78 |
Primary Regulator | OCC |
Profit Margin | |
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Return on Assets - YTD | 0.39% |
Return on Equity - YTD | 3.29% |
Annual Interest Income | $10.3MM |
Assets and Liabilities | ||
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Assets | Q3 2020vs Q3 2019 | $438.4MM$418.6MM |
Loans | Q3 2020vs Q3 2019 | $361.4MM$354.5MM |
Deposits | Q3 2020vs Q3 2019 | $366.9MM$339.0MM |
Equity Capital | Q3 2020vs Q3 2019 | $50.9MM$49.3MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $1.7MM$1.6MM |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $1.0MM$2.0MM |
Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $10 | - | Regular Passbook | |
0.05% | $10 | - | Statement Savings | |
0.05% | - | - | EZ Choice Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.10%* | $75k* | - | Money Market Account | ||
OTHER TIERS: 0.05% → $50 - $75k | |||||
0.10%* | $75k* | - | Business Money Market Account | ||
OTHER TIERS: 0.05% → $50 - $75k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.10%* | - | $10k | EZ Interest Checking | ||
OTHER TIERS: 0.05% → $10k+ |
Milford Federal Bank Locations | ||
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Whitinsville Branch | 1271 Providence Road | Whitinsville, MA 01588 |
Woonsocket Branch | 2020 Diamond Hill Road | Woonsocket, RI 02895 |
Milford Federal Savings and Loan Association | 246 Main St | Milford, MA 01757 |
Route 109 Plaza Branch | 91 Medway Road | Milford, MA 01757 |