MELROSE

13930 QUEENS BLVD
Briarwood, NY 11435

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 62005
Date Established 1922
Assets $1,122.50 million
Loans $1,245.51 million
Deposits $1,259.36 million
Capital $-359.69 million

Melrose is an NCUA insured institution located in Briarwood, NY. It was founded in 1922 and has approximately $1122.5 millions in assets.

Who can join?

Since Melrose Credit Union has an open New York State charter there are no geographic or group affiliation field of membership restrictions. So, regardless of where you live or how you earn a living, you may qualify for membership.

All applicants are subject to approval by Equifax Credit Services to determine eligibility and product offerings.

Field of Membership Restrictions

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

Deposit Rates - May 26, 2019

Your Current Location: Virginia, VA 20146

Fixed IRA Rates APY MIN MAX
12 Month CD
1.41% $5,000 - Learn MoreShow Less
24 Month
1.56% $5,000 - Learn MoreShow Less
36 Month CD
1.81% $5,000 - Learn MoreShow Less
48 Month CD
2.07% $5,000 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
12 Month CD
1.41% $5,000 - Learn MoreShow Less
24 Month CD
1.56% $5,000 - Learn MoreShow Less
36 Month CD
1.81% $5,000 - Learn MoreShow Less
48 month CD
2.07% $5,000 - Learn MoreShow Less
60 Month CD
2.42% $5,000 - Learn MoreShow Less

Loan Rates - May 26, 2019

Your Current Location: Virginia, VA 20146

Auto Loan Rates APR Rate Monthly Payment
3 Year 2.99% 2.99% $726.92
4 Year 2.99% 2.99% $553.25
5 Year 2.99% 2.99% $449.11
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.



Branches

Below are Melrose branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Melrose Locations


Financial Details

Melrose Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Melrose. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Melrose U.S. Average
-46.85% 7.49

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2018, Melrose had $21,871,529 in non-current loans and $24,913,058 in owned assets. To cover these potential losses it had $-359,686,820 in net worth and $259,836,899 in loans loss reserves. That gives it a Texas Ratio of -46.85%.

Net Worth
Melrose U.S. Average
-32.04% 13.61%

Melrose FCU has a net worth of -32.04% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Melrose

Branches and Savings

What is Melrose?

A federal credit union, registered with the NCUA under certificate #62005.
Learn more about credit unions here.

Is Melrose FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Melrose?

Please see Field of Membership information above for information on who is eligible to join.

What are Melrose's share account and share certificate rates?

Melrose's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Melrose?

Melrose has total capital of $-359.69 million. Full information on Melrose's financial position is located above.

Who owns Melrose?

Credit Unions are owned by their members.

Where are Melrose branches located?

See branch locations nearby.

Are Melrose ATMs Open 24/7?

Do Melrose ATMs accept cash deposits?

Can Melrose customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Melrose have a mobile app?

Does Melrose have mobile deposit?

Does Melrose have quick pay?

How can Melrose transfer money to other banks or credit unions?

Does Melrose report to credit bureaus?

Does Melrose use Chexsystems?

Does Melrose use Equifax?

What is Melrose's toll free phone number?

What is Melrose's ACH Routing Number?

What is Melrose's SWIFT code?

Where can I find Melrose's wire transfer form?

What is the Melrose address for deposits?

What Products Does Melrose Offer

Does Melrose offer mortgages?

Compare mortgage rates here.

Does Melrose offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Melrose offer auto and RV loans?

Compare auto loan rates here.

Does Melrose offer student loans or personal loans?

Compare personal loan rates here.

Customer Reviews for Melrose


  • Jason

    June 21, 2017 |

    CDs 60 Month Rates

    Very easy account opening process, but I see here now that rates are going up so fast I am having a little buyer's remorse after locking in for 5 years.

  • thewhits45@yahoo.com

    May 31, 2016

    Is membership available to non NY residents

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