Melrose Credit Union was established in 1922 to provide financial resources for individuals and small business owners. Through the Credit Union, community residents were afforded the means to pursue their American Dreams.
Today, that commitment to the communities it serves has transformed Melrose Credit Union from a small storefront in the Bronx, NY into a widely recognized financial services provider in the metropolitan New York City area and one of the most successful financial institutions in the United States.
Melrose Credit Union provides a wide variety of services and financial options to members. We place a high value on the personal service and attention we provide to members, and continually strive to improve our services to better meet the member’s growing financial needs.
Melrose members enjoy some of the highest saving yields and lowest loan rates in the region.
Melrose Credit Union operates under the supervision of the New York State Department of Financial Services (DFS). All 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.