Our History

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.

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 Credit Union operates under the supervision of the New York State Department of Financial Services (DFS). All deposits are federally insured to at least $250,000 by the National Credit Union Administration (NCUA). The NCUSIF is subsidized by participating credit unions and does not receive funding from any tax revenues.