Monroe Federal Savings and Loan Association
LOCATIONS
3
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HEALTH RATING
B+
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CURRENT TOP RATE
1.60% APY
18 Month IRA CD
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Overview / Commentary
Monroe Federal Savings and Loan Association is headquartered in Tipp City and is the 128th largest bank in the state of Ohio. It is also the 4,077th largest bank in the nation. It was established in 1875 and as of June of 2019, it had grown to 22 employees at 3 locations. Monroe Federal Savings and Loan Association's money market rates are 70% higher than the national average, and it has a B+ health rating.
Health
B+
Data as of Q2 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Monroe Federal Savings and Loan Association has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29578 |
| Year Established | 1875 |
| Employees | 22 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.17% |
| Return on Equity - YTD | 1.44% |
| Annual Interest Income | $1.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $99.8MM$99.5MM |
| Loans | Q2 2019vs Q2 2018 | $75.0MM$67.6MM |
| Deposits | Q2 2019vs Q2 2018 | $84.0MM$87.5MM |
| Equity Capital | Q2 2019vs Q2 2018 | $12.0MM$11.2MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $526.00K$681.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $503.00K$644.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Monroe Federal Savings and Loan Association Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $100 | - | Passbook Savings | |
| 0.05% | $100 | - | Statement Savings |
Monroe Federal Savings and Loan Association Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.75%* | $100k* | - | Money Fund Account | ||
| OTHER TIERS: 0.05% → Up to $25k | 0.25% → $25k - $50k | 0.45% → $50k - $100k | |||||
Monroe Federal Savings and Loan Association Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.03% | $100 | - | Now Checking |
Monroe Federal Savings and Loan Association CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.50% | $1k | - | 18 Month CD | |
| 1.50% | $1k | - | 2 Year CD | |
| 1.50% | $1k | - | 3 Year CD | |
| 1.50% | $1k | - | 5 Year CD | |
| 1.50% | $1k | - | 7 Year CD | |
| 1.50% | $1k | - | 4 Year CD | |
| 1.40% | $1k | - | 1 Year CD | |
| 0.20% | $1k | - | 182 Day CD | |
| 0.10% | $1k | - | 91 Day CD |
Monroe Federal Savings and Loan Association IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.60% | $500 | - | 18 Month IRA CD | |
| 1.60% | $500 | - | 2 Year IRA CD | |
| 1.60% | $500 | - | 3 Year IRA CD | |
| 1.60% | $500 | - | 5 Year IRA CD | |
| 1.60% | $500 | - | 7 Year IRA CD | |
| 1.60% | $500 | - | 4 Year IRA CD | |
| 1.50% | $500 | - | 1 Year IRA CD |
Locations
| Monroe Federal Savings and Loan Association Locations | ||
|---|---|---|
| Monroe Federal Savings and Loan Association | 24 East Main Street | Tipp City, OH 45371 |
| 264 East National Road Branch | 264 East National Rd | Vandalia, OH 45377 |
| Dixie Drive Branch | 8512 N Dixie Dr | Dayton, OH 45414 |