Milford Federal Bank


Overview / Commentary
508-634-2500
246 Main St
Milford, MA 01757

Milford Federal Bank is headquartered in Milford and is the 83rd largest bank in the state of Massachusetts. It is also the 1,804th largest bank in the nation. It was established in 1937 and as of June of 2020, it had grown to 77 employees at 4 locations. Milford Federal Bank has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #29835
Year Established1937
Employees77
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.26%
Return on Equity - YTD2.17%
Annual Interest Income$7.0MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$433.5MM$403.5MM
LoansQ2 2020vs Q2 2019$365.8MM$352.2MM
DepositsQ2 2020vs Q2 2019$363.2MM$330.0MM
Equity CapitalQ2 2020vs Q2 2019$50.3MM$48.7MM
Loan Loss AllowanceQ2 2020vs Q2 2019$1.7MM$1.6MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.5MM$1.9MM
Real Estate OwnedQ2 2020vs Q2 2019$0$687.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Milford Federal Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$25k*-EZ Choice Savings
OTHER TIERS: 0.05% Up to $25k
0.05%$10-Regular Passbook
0.05%$10-Statement Savings

Milford Federal Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$75k*-Money Market Account
OTHER TIERS: 0.05% $50 - $50k | 0.10% $50k - $75k
0.15%*$75k*-Business Money Market Account
OTHER TIERS: 0.05% $50 - $50k | 0.10% $50k - $75k

Milford Federal Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*-$10kEZ Interest Checking
OTHER TIERS: 0.10% $10k+

Milford Federal Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$1k-5 Year CD
0.70%$1k-4 Year CD
0.60%$1k-3 Year CD
0.60%$500-3 Year Home Buyers CD
0.60%$500-3 Year Education CD
0.55%$1k-2 Year CD
0.35%$1k-1 1/2 Year CD
0.30%$1k-1 Year CD
0.25%$1k-9 Month CD
0.20%$1k-6 Month CD
0.15%$1k-3 Month CD

Milford Federal Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$1k-5 Year IRA
0.70%$1k-4 Year IRA
0.60%$1k-3 Year IRA
0.55%$1k-2 Year IRA
0.35%*$1k*-1 1/2 Year IRA
OTHER TIERS: 0.25% $25 - $1k
0.30%$1k-1 Year IRA
0.25%$1k-9 Month IRA
0.20%$1k-6 Month IRA
0.15%$1k-3 Month IRA
Locations


Milford Federal Bank Locations
Whitinsville Branch1271 Providence RoadWhitinsville, MA 01588
Woonsocket Branch2020 Diamond Hill RoadWoonsocket, RI 02895
Milford Federal Savings and Loan Association246 Main StMilford, MA 01757
Route 109 Plaza Branch91 Medway RoadMilford, MA 01757

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