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This institution is no longer active

Operations ceased on June 1, 2020. CRA examination history below reflects the period it was active.

MELROSE CO-OPERATIVE BANK

MELROSE, MA · Supervised by FDIC

Est. 1890FDIC #26,511RSSD: FDIC-26511
Part ofMELROSE BCORP INC→ View all charters
Satisfactory Same

Current rating · Exam: July 2018

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.49%

Institution Profile

FDIC BankFind

Address

638 Main Street, MELROSE, MA

County

Middlesex County

Established

January 1, 1890

Total Assets

$339M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

July 1, 2018

Exam Type

Small Bank

Regulator

FDIC
What is a CRA rating? →
⚠️This exam is 7 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.
Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q1 2020Call Report / FDIC

Total Assets

$339M

Total Deposits

$275M

Net Loans

$283M

Net Income

$418K

ROA

0.49%

ROE

5.40%

Risk-Based Capital

14.24%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

7 previous ratings locked — dating back to 1990

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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