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.
Melrose Credit Union has an open New York charter. Membership is open to anyone regardless of geographic location or affiliations.
See current membership details
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.
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.
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.
We do not have health information for Melrose Credit Union, because it is no longer an operational credit union.
Sorry, we do not have rate data for Melrose Credit Union.
Sorry, but we do not have location data for Melrose Credit Union. Its headquarters is located at 13930 Queens Blvd - Briarwood, NY 11435