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Milford Building and Loan Association

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Milford Building and Loan Association Rates & Review April 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Milford Building and Loan Association provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: April 23, 2026

You can compare Milford Building and Loan Association rates to other rates in our database, including 12-month CD rates currently at 0.55%, 6-month CD rates at 2.00% and 3-month CD rates at 0.81%. Savings rates are at 0.45% and money market rates are at 1.25%. Mortgage rates on 30-year fixed loans are around 6.10%. All these rates can be compared to Milford Building and Loan Association rates. MonitorBankRates evaluates the financial stability of Milford Building and Loan Association with a 5.0 Star Rating, an B- Overall Health Grade, and a Texas Ratio of 39.98%. Rates were last updated on 04/23/2026.

Milford Building and Loan Association money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Milford Building and Loan Association? Share your experience about Milford Building and Loan Association by leaving a review below, or read customer reviews before you decide to use Milford Building and Loan Association.

Overall Health & Safety Grade

B-

Adequate Health Score: 80/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

39.98%

Fair Higher than avg

Milford Building and Loan Association

131 E Jones St
Milford, IL 60953

Current Rate Availability

We do not have Milford Building and Loan Association rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Milford Building and Loan Association is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Milford Building and Loan Association rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Milford Building and Loan Association's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Milford Building and Loan Association

FDIC Certificate # 30152

Address 131 E Jones St, Milford, IL 60953 · Iroquois

Website N/A

Established 01/01/1883

FDIC Insurance Date 08/09/1989

Domestic Offices 1

Total Branches 1

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

B-

Overall Health Grade Score: 80/100

5.0

Exceptional Out of 5.0 Stars

39.98%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 0.0736%

Return on Equity (ROE) 0.6700%

Non-Performing Loans (NPL) 4.50%

Total Assets $27,383,000

Total Deposits $23,868,000

Equity Capital $3,325,000

Net Income $87,000

Headquarters Milford

Total Offices 1

Source: FDIC | Last Updated 12/31/2025

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Frequently Asked Questions About Milford Building and Loan Association

Is Milford Building and Loan Association a safe place to deposit money?

Yes, Milford Building and Loan Association is considered a safe financial institution. With a Texas Ratio of 39.981066582518%, the institution's financial health is rated as stable. Your accounts are federally insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000 per depositor, for each account ownership category.

How many branches does Milford Building and Loan Association operate?

Milford Building and Loan Association currently maintains approximately 1 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Milford Building and Loan Association does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Milford Building and Loan Association provides members with tools to manage their accounts and build a solid financial history.

Does Milford Building and Loan Association offer online and mobile banking?

Most modern institutions like Milford Building and Loan Association provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online.