Melrose CU progress
Got forms and disclosures from Melrose. One of the shortest fee schedules I have ever seen for a financial institution. Also some of the lowest fees.
Membership in the credit union is open to anyone. This is different from most other credit unions that have a specific industry(s) or geographic areas that they serve. It doesn't matter were you live or work.
They also have a 5 star rating from www.bauerfinancial.com which is the best you can get.
Rolling a maturing CD to them was a simple process requiring an IRA application, a beneficiary designation and an investment selection. Got a check from the old holder of the IRA CD made payable to Melrose FBO IRA (my name) and sent it to Melrose.
If you don't need to physically go to the bank, this might be a good institution to do your banking through.
Appreciate any feedback on this credit union.
