Overview / Commentary
718-658-9800
13930 Queens Blvd
Briarwood, NY 11435

Melrose Credit Union is no longer doing business under that name because it has been merged or acquired. See the successor institution Teachers Federal Credit Union.

Field of Membership Restrictions

Melrose Credit Union has an open New York charter. Membership is open to anyone regardless of geographic location or affiliations.
See current membership details

Related Posts

9-Month CD, 2.09% APY - 5/18/2018

Melrose Credit Union is still under NCUA conservatorship, but has a couple good CD rates: 9-month CD, 2.09% APY 1-year CD, 2.20% APY

Melrose CU Lowers 5 Year CD APY. Quick Look. - 9/26/2017

Melrose CU dropped the APY on its' 5 year CD (was 2.42%) to 2.11% today, Monday 9-25-17. Beware the EWP, beware conservatorship. The 4 year CD APY (was 2.07%) is now 1.81%. (IRA 5 year, 4 year CD rates remain unchanged.)

View all posts from:

9/22/15 - Melrose bumps 5 year CD APY to 2.42%. (1 to 5 year CD's noteworthy)
2/5/15 - Melrose Credit Union CDs
10/30/14 - New Top 5-Year CD Rate at Melrose Credit Union
10/29/14 - Melrose 5 Year CD Rate Hike
3/28/14 - Largest CD Rates Hikes on Long Terms at Melrose Credit Union
3/27/14 - New Rates At Melrose CU
12/19/13 - Higher CD Rates at Melrose Credit Union
12/18/13 - CD Rate Increases
5/3/13 - CD Rates Down But Still Competitive at Melrose Credit Union
7/25/12 - Melrose Credit Union's 5-Year CD Rate Drops below 2.00%
7/24/12 - Rate Drop Melrose Credit Union
4/27/12 - Melrose Credit Union CD Rates Fall But Remain Competitive
9/1/11 - CD Rate Increases at Melrose Credit Union
8/11/11 - Melrose Credit Union Cuts CD Rates By 25 Basis Points
6/28/11 - CD Rates Fall But Remain Competitive at Melrose Credit Union
6/27/11 - Melrose Credit Union CD Rates Fall By 10 Basis Points
2/2/11 - Melrose Credit Union's Competitive CD and IRA CD Rates
12/1/10 - Melrose Credit Union CD Rates Fall From Leader Position
11/3/10 - Top CD and IRA CD Rates Continue at Melrose Credit Union - Available Nationwide
8/25/10 - Melrose Credit Union (2372)
5/26/10 - Melrose Credit Union Raises CD Yields - Available Nationwide
4/9/10 - Substantial CD Rate Cuts at Melrose Credit Union
3/24/10 - CD Rate Increase at Melrose Credit Union - Now a Decrease!
3/23/10 - Note: Be Sure To Read The Detail For The Melrose Credit Union Disclosures Melrose Credit Union
2/20/10 - I'm Surprised You're Not Listing Melrose Credit Union In Your Weekly Summary As One Of The Better
11/25/09 - CD Rates Fall at Melrose Credit Union But Remain Competitive - Available Nationwide - Update
9/30/09 - CD Rates Fall at Melrose Credit Union But Remain Competitive - Available Nationwide
9/5/09 - Melrose Credit Union CD Rates Are Down But Still Competitive - Nationally Available
6/23/09 - Melrose Credit Union Continues To Offer the Best One & Two-Year CD Rates - Nationally Available
4/12/09 - Update on Melrose Credit Union and Its High Yield CDs - Nationally Available
3/10/09 - 3.65% 12-Month CD and Other High Rate CDs at Melrose Credit Union in New York - Easy Membership
12/2/08 - 5.25% 60-Month / 4.32% 12-Month CD at Melrose Credit Union in NY - Easy Membership
8/2/08 - 5.00% 60-Month CD at Melrose Credit Union - Easy Membership
3/10/08 - 5.56% 12-Month CD at Melrose Credit Union (Open to All)
7/12/06 - 5.82% 12-Month CD at Melrose Credit Union (open to all)
3/13/06 - 5.35% 12-Month CD at a New York CU (Open To All?)
3/13/06 - Melrose CU - High Yield CDs with Easy Membership

Reviews (20)

Good Rates Good Service

Easy process. Live in California so opened share savings with online application that I had to mail. Very quickly acct was set up. Then it was easy to deposit money through shared branch network and fax applications to open cds requesting transfer of the funds from the share savings.  I deposited it in California. Five minutes later Melrose could transfer it to the new cd. This was a lot faster than ACH.  And I could verify it on line.  Really kind people at the call center.  Don't open a cd you will want to close early because of stiff penalties.

Been With Melrose For Over 30 Years

Posted by: Jeffrey | Mar 8, 2017

I have bought numerous CDs with Melrose over the years and always held them to maturity. I received the dividends via ACH to my bank. I never had a problem with Melrose. I found them to be fair. In regard to CDs, if you are not sure if you will be able to hold the CD to maturity, don't buy the CD.

Review Of Experience With Melrose Credit Union

Posted by: mike67 | Feb 17, 2015

In reading the reviews I noticed that there are no recent reviews. I always read my fellow investors reviews so I though I would share my experience with Melrose. As a result of Deposit Accounts.com I have openned several CD's with this credit union. I very rarely speak to them over the phone. I receive monthly paper statements (no charge). The web site is very helpful. There have been no problems at all over the past four years. When I want to open a new CD I email them for the current CD application form and they always respond quickly. I do not close CDs early, I know this is an issue for some. Recently I got a notive by mail of a maturing CD. I returned the form indicating a wanted a check sent. Again no problem. All my correspondence with them is by mail. No ACH transfers. I know "old school" but that's just me. I hope this is helpful to someone.

Melrose Is A Good Credit Union.

Posted by: Anonymous | Jan 26, 2012

I like Melrose Credit Union. Agreed with the prior review that Debbie Flamos is good, she's friendly and knowledgeable.

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Health

We do not have health information for Melrose Credit Union, because it is no longer an operational credit union.

Rates

Sorry, we do not have rate data for Melrose Credit Union.

Locations

Sorry, but we do not have location data for Melrose Credit Union. Its headquarters is located at 13930 Queens Blvd - Briarwood, NY 11435

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