Melrose First

Headquarters

616 Main St
Melrose, MA 02176
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.70% →
1-Year CD N.A. 0.71% →
2-Year CD N.A. 0.81% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Melrose First is an NCUA insured institution located in Melrose, MA. It was founded in 1962 and has approximately $12.07 millions in assets.

NCUA Insured Yes
Charter Number # # 14820
Date Established 1962
Assets $12.07 million
Loans $6.65 million
Deposits $10.18 million
Capital $1.85 million
 

Deposit Rates - January 27, 2021

Your Current Location: Connecticut, CT 06828

We do not yet have rates for Melrose First

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Advertiser Disclosure

Loan Rates - January 27, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for MELROSE FIRST

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.563% 2.500% 0.88 $2,065 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.243% 3.125% 1.00 $3,750 $1,071 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to MELROSE FIRST
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are Melrose First branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Melrose First Locations


Financial Details

Melrose First Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Melrose First. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Melrose First U.S. Average
0.06% 4.42

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of September 30, 2020, Melrose First had $1,081 in non-current loans and $0 in owned assets. To cover these potential losses it had $1,852,107 in net worth and $47,826 in loans loss reserves. That gives it a Texas Ratio of 0.06%.

Net Worth
Melrose First U.S. Average
15.33% 12.91%

Melrose First FCU has a net worth of 15.33% versus the BestCashCow average of 12.91. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Melrose First

Branches and Savings

What is Melrose First?

A credit union, registered with the NCUA under certificate #14820.
Learn more about credit unions here.

Is Melrose First FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Melrose First?

Please see Field of Membership information above for information on who is eligible to join.

What are Melrose First's share account and share certificate rates?

Melrose First's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Melrose First?

Melrose First has total capital of $1.85 million. Full information on Melrose First's financial position is located above.

Who owns Melrose First?

Credit Unions are owned by their members.

Where are Melrose First branches located?

See branch locations nearby.

Are Melrose First ATMs Open 24/7?

Do Melrose First ATMs accept cash deposits?

Can Melrose First customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Melrose First have a mobile app?

Does Melrose First have mobile deposit?

Does Melrose First have quick pay?

How can Melrose First transfer money to other banks or credit unions?

Does Melrose First report to credit bureaus?

Does Melrose First use Chexsystems?

Does Melrose First use Equifax?

What is Melrose First's toll free phone number?

What is Melrose First's ACH Routing Number?

What is Melrose First's SWIFT code?

Where can I find Melrose First's wire transfer form?

What is the Melrose First address for deposits?

What Products Does Melrose First Offer

Does Melrose First offer mortgages?

Compare mortgage rates here.

Does Melrose First offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Melrose First offer auto and RV loans?

Compare auto loan rates here.

Does Melrose First offer student loans or personal loans?

Compare personal loan rates here.

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