Melrose Credit Union
Melrose Credit Union is a large, state-chartered credit union headquartered in Briarwood, NY. The credit union operates 1 branch in 1 state (New York). It has $1.2 billion in assets and roughly 21,700 members.
Products offered include: IRA CD, Melrose Share CD, IRA Account, Share Account and EZ Checking.
Current Melrose Credit Union Rates
| Name | Term | APY | Min Deposit | |
| IRA CD | 1 year | 1.10 % | $1,000 | |
| 2 years | 1.36 % | $1,000 | ||
| 3 years | 1.76 % | $1,000 | ||
| 4 years | 1.96 % | $1,000 | ||
| 5 years | 2.17 % | $1,000 | ||
| Melrose Share CD | 1 year | 1.10 % | $1,000 | |
| 2 years | 1.36 % | $1,000 | ||
| 3 years | 1.76 % | $1,000 | ||
| 4 years | 1.96 % | $1,000 | ||
| 5 years | 2.17 % | $1,000 |
Melrose Credit Union Membership Eligibility
Since Melrose Credit Union has an open New York State charter there are no geographic or group affiliation field of membership restrictions. So, regardless of where you live or how you earn a living, you may qualify for membership.
There is a $1.00 one time membership fee and a minimum opening deposit of $25.00. Individuals must provide:
- Valid Photo ID (Driver's License, Non-Driver ID, Passport)
- Proof of Address (Utility Bill)
- Social Security Number
About Melrose Credit Union
As a member of Melrose Credit Union you can enjoy the financial benefits that have been available since 1922. Melrose was initially established to provide financial resources for individuals and small business owners from the Bronx, NY. Through the Credit Union, community residents were afforded the means to pursue their American Dreams.
The success of Melrose Credit Union has not diminished its original mission statement: Empower the community by offering affordable financial products and services. Today that community commitment has helped transform Melrose into an over $1 billion credit union with over 20,000 members residing across the country and around the world. Melrose Credit Union currently ranks as one of the most successful financial institutions in the United States.
Historically, credit unions have always provided their members with above average yields on savings and low rates on loans. At Melrose Credit Union, members can enjoy the some of the highest saving yields and lowest loan rates in the region.
Melrose Credit Union is under supervision of the New York State Banking Department. All Melrose Credit Union deposit accounts are Federally insured, under the National Credit Union Share Insurance Fund (NCUSIF), to at least $250,000 per account by the National Credit Union Administration (NCUA). The NCUSIF is subsidized by participating Credit Unions and does not receive funding from any tax revenues.