Melrose Credit Union

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A short history of Melrose CU

Since its inception in 1922 the Melrose Credit Union has been serving its members in the BRIARWOOD, New York area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Richard DiChiara, the Melrose CU has grown its membership to over 22,659 with assets of more than $1,621,361,361. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (718) 658-9800 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in BRIARWOOD, NY.

General Information For Melrose CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 62005
Address 13930 QUEENS BLVD 
State New York 
Zip-Code 11435
Phone Number (718) 658-9800
Fax Number (718) 526-8530
Email Address:
CEO/President Richard DiChiara
Members 22,659 
Full-Time Employees 77 
Part-Time Employees
Number of Branch Offices
Total Assets 1,621,361,361 

Compare Melrose Credit Union To Other Local Credit Unions

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Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Medisys Employees CU FLUSHING HOSPITAL 4500 PARSONS BLVD 11418 (718) 670-5090 No 0.32
Northeastern Operating Engineers CU MAIN OFFICE 1616 Whitestone Expy 11357 (718) 847-8484 No 1.28
Electchester CU Office 16110 Jewel Ave # TB 11365 (718) 591-5533 No 2.13
Transit CU TRANSIT FEDERAL CREDIT UNION 20 N CENTRAL AVE FL 3 11580 (718) 425-1312 No 2.21
Italo-american CU Italo-American 6650 Myrtle Ave 11385 (718) 366-6422 No 4.00

Melrose Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Melrose Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate N/A 6.00 9.00 4.25 5.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 487 695 174 229
Rank Among All New York Credit Unions N/A 137 166 61 80

Melrose Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.25 0.50 N/A 1.40 1.40
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 95 66 N/A 103 107
Rank Among All New York Credit Unions 10 17 N/A 16 18
Melrose Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 14.00098,338
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 6.0006116,145
Used Vehicle Loans 9.000111,731
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.250874445,876,125
Total Other Real Estate Loans/Lines of Credit 5.0002002,020,664
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.0003,4291,250,499,613
TOTAL LOANS & LEASES 4,5191,698,532,616

Melrose Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 462133,966,218145,335,000
    b. 15 Years or less 412311,909,9071311,506,000
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 365,94300
Closed-End Adjustable Rate 6233,95800
Open-End Adjustable Rate 1911,720,76300
Open-End Fixed Rate 0000
TOTALS 1,074447,896,7892716,841,000


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Melrose Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders No
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes