Share Fees

Membership Account Opening Fee $1.00 / person
Membership Closed Within 60 Days of Opening $50.00


Account Fees

Account History $2.00
Bad Address Fee $5.00 / month1
Bill Pay - Same Day Transaction $9.99 / transaction
Business Checking

$.25 / transaction

First 100 transactions per month are free

Check Order Actual cost
Copy of Paid Check $2.00
Deposited Returned Items $30.00
Duplicate Account Statement $5.00 / statement
Non-Sufficient / Return Item Fee $30.00
Overdraft Transfer from Savings $5.00
Stop Payment $25.00 2
Temporary Counter Checks $10.00
Verification of Deposit (Fee to Member) $35.00 / hour 3


Dormant Accounts

Inactive Account Fee
(An account becomes dormant when there is no activity for 12 months.  It only takes one transaction every 12 months to keep an account from becoming dormant)
$5.00 / month
Escheat Processing $50.00


Automatic Teller Machines(ATM):

ATM Balance Inquiries or Transactions at Non-Co-op Machines $1.00 4
ATM / Debit Card Replacement $10.00


Negotiable Instruments

Cashier's / Certified Check - Member $5.00
Cashier's Check - Non-Member $10.00


Other Service Fees

Account Document Request / Research $35.00 per hour 3
Court Order Document Request, Tax Levies / Restraining Notices / Subpoenas / Garnishments $35.00 / hour 3
Foreign Item Collection Fee $25.00
Melrose Non-Payroll Checks Cashed by Non-Member $50.00



Wire / Domestic (outgoing) $25.00
Wires / International (outgoing) $50.00


Safe Deposit Box

Safe Deposit Box Drilling Charge $225.00
Safe Deposit Box Key Replacement $75.00

1After 3 return statements. 2Multiple checks stopped at the same time that are in consecutive order will incur only one stop payment fee.  Multiple checks not in consecutive order will incur a fee for each check stopped. 3One hour minimum charge. 4Plus any fee that may be charged by the ATM operator.

Fees current as of print date.
All fees are subject to change without notice.

Revised: October 2017