Melrose First Federal Credit Union

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A short history of Melrose First FCU

Since its inception in 1962 the Melrose First Federal Credit Union has been serving its members in the MELROSE, Massachusetts area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by SUSAN BOULE, the Melrose First FCU has grown its membership to over 1,632 with assets of more than $10,866,272. They have a main office and 0 branch offices. Please see the credit unions website or contact them by phone at (781) 662-7276 or email them at MELCRUNION@MELROSEFCU.ORG to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in MELROSE, MA.

General Information For Melrose First FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 14820
Address 616 MAIN ST 
City MELROSE 
State Massachusetts 
Zip-Code 02176
Phone Number (781) 662-7276
Fax Number (781) 662-4230
Email Address: MELCRUNION@MELROSEFCU.ORG
CEO/President SUSAN BOULE
Members 1,632 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 10,866,272 
Website http://WWW.MELROSEFCU.ORG 

Compare Melrose First Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Malden CU Main Office 10 Holden St 02148 (781) 324-2241 No 2.12
Stoneham Municipal Employees CU Branch 200 Jefferson RD 01887 (978) 658-5394 No 2.65
Everett CU Main Office 650 Broadway 02149 (617) 389-9000 No 3.08
Wakefield Town Employees CU Main Office 47 Tuttle ST 01880 (781) 245-9331 No 3.27
Medford Municipal Employees CU CUSA 4897 W LAKE PARK BLVD STE 200 4897 W LAKE PARK BLVD 84120 (800) 756-2872 No 3.77

Melrose First Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Melrose First Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate N/A 2.99 4.00 3.50 4.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 145 203 72 168
Rank Among All Massachusetts Credit Unions N/A 43 45 11 35

Melrose First Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.15 N/A 0.50 N/A
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 119 N/A 263 N/A
Rank Among All Massachusetts Credit Unions N/A 15 N/A 52 N/A
Melrose First Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 12.000125651,139
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.99040787,683
Used Vehicle Loans 4.00049718,925
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.500233,201,888
Total Other Real Estate Loans/Lines of Credit 4.50011286,370
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.250521,776
TOTAL LOANS & LEASES 2535,667,781

Melrose First Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 71,570,13500
    b. 15 Years or less 161,631,75300
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 11286,37000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 343,488,25800

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Melrose First Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders No
No Surcharge ATMs No
Home Banking Via Internet Website Yes