View Message

ALERT
For the safety and security of our members and MCU team, please note that the hours of operation for the South Bronx Branch ATM lobby located at 560 Courtlandt Avenue Bronx, NY have recently been updated.

For the most current hours and to locate a nearby Branch/ATM, please visit our Branch/ATM locator tool.

 

 

Hero Savings Account
Hero Savings Account

Join MCU and Start Saving with a Hero Savings Account.

Our basic savings account, with perks that are anything but. A Hero Savings Account does more than just help you save—it also gets you membership into MCU, so you can also access our great products and member services while you work toward your savings goals.

Join MCU Today
full-pattern-left-side
full-pattern-right-side
paint-stroke-left-side-cropped
paint-stroke-right-side-cropped

Open an Account with Just a Penny, and Start Earning a Great APY* Right Away.

Saving for your dream vacation? Putting away money for retirement? Just need a savings account to keep your money in the smartest place possible?

MCU gives you simple, reliable banking you can count on. Members can earn up to 0.05% APY* (Annual Percentage Yield) with any Hero Savings Account—no hoops to jump through, just great service and competitive rates.

Earn-Up-to-0

Earn Up to 0.05% APY*

The MCU Hero Savings Account is MCU's basic share account. A share account in a credit union is like owning a “share” of a company, except profits generated by credit unions go back to its members. That’s why we can offer rates up to 0.05% APY* on MCU Hero Savings Accounts.

Federally-Insured-by-the-NCUA

Federally Insured by the NCUA

The National Credit Union Administration (NCUA) insures MCU so you can trust that your funds are safe. The NCUA is an independent federal agency that insures deposits at federally insured credit unions, protects the members who own credit unions, and charters and regulates federal credit unions. Your savings are federally insured to at least $250,000 by the full faith and credit of the United States Government.

Convenient Banking Locations

Convenient Banking Access

We’re not some out-of-town banking goliath—we’re in your communities, ready to help. We’ve got branches and ATMs all across New York City for easy account access, and our member success teams are here to support you through all of your financial milestones.

hero-savings-card-image-desktop

Fewer Fees, Better Banking

Take advantage of your Hero Savings Account's great features, such as:

  • No Minimum Balance Fee
  • No required aggregate daily balance
  • Access to an MCU Visa® Debit Card
  • Convenient access to funds through ATMs, NYMCU® Online/Mobile Banking and Touch Tone Teller
  • Deposit via Payroll Deduction or Direct Deposit

No Matter Where You Are in Life, We’re Right There with You.

At MCU, we believe that a credit union should be a lifelong source of financial education and support—from planning for college to saving for retirement and everything in between.

That’s why we have specialized recommendations for products and services designed to help you meet your goals (both short-term and down the road), based on your changing needs and priorities.

Show Me Products For My Life Right Now
top top
bottom

Make the Most of Your MCU Membership.

Membership in our community is about more than just banking. As an MCU member, you can access valuable information and resources to help you plan and reach your financial goals.

All about Private Mortgage Insurance (PMI)

Have you heard of PMI? PMI, short for Private Mortgage Insurance, is an insurance policy that helps protect the lender if the borrower can't pay their mortgage. ...

What to Consider Financially As A First-Time Homebuyer

So, you’re ready to buy your first home. Congratulations! For many people, taking this step is one of the biggest financial moves they will make in their entire lives. Because of ...

Mortgages 101: Getting Started on The Path to Homeownership

When you embark on the search for a new home, you may think you know the steps to take: Read the listings, visit some open houses, sign on with a Realtor, make an offer. In fact, ...
FAQs

Get Answers to Our Most Frequently Asked Questions.

Can I be sure that my deposits are safe?

The National Credit Union Administration (NCUA) insures MCU deposits, so you can trust that your funds are safe. The NCUA is an independent federal agency that insures deposits at federally insured credit unions, protects the members who own credit unions, and charters and regulates federal credit unions. Your savings are federally insured to at least $250,000 by the full faith and credit of the United States Government. Additionally, the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) provides federal production to IRAs up to $1 million (some restrictions may apply depending on roll-over status and uniquely unqualified accounts).

Where can I find MCU branches and fee-free ATMs?

Check out our page featuring all of our branches and ATMs. Choose from any of our 15 locations, and search for various fee-free ATM options.

Are my deposits insured?

Your savings are federally insured by the National Credit Union Administration (NCUA), a U.S. Government Agency. Savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

How are APY and dividend rates determined?

While many factors influence APY rates, the biggest contributing factor is the Federal Reserve (A.K.A. ‘the Fed’). When the Fed raises or lowers interest rates it affects the entire US financial ecosystem. APYs on products like student loans, credit cards, mortgages and savings accounts are also impacted by such rate changes.

Is there a monthly fee on savings products?

No, there is no monthly fee associated with MCU savings products, but there is an initial minimum deposit to open the account.

Who can I contact if I have questions about my account?

You have questions, and we have answers! Feel free to reach out to the MCU Contact Center, and we'll help you by providing the answers you need.

Hours: Monday - Friday: 7:00am -7:00pm
Saturday: 9 am - 2 pm
Sunday: Closed
1-844-MCU-NYNY (1-844-628-6969)

Am I eligible to become an MCU member?

You may be! We welcome members from all over New York. For more details, please visit https://www.nymcu.org/join/becoming-a-member.

Ready to Start Saving?

Join now to get access to the competitive rates, reliable banking products, and educational resources you need to create a foundation for an exceptional financial future.

Join MCU Today
Learn More About Membership
final-cta-green-visual-asset_left
final-cta-green-visual-asset_right-2
final-cta-visual-asset-paint-stroke
Disclosures

*APY = Annual Percentage Yield. The disclosed Dividend Rates and Annual Percentage Yields are accurate as of the last dividend declaration date. Rates and Terms are subject to change without notice. For more details, see our Rates page.

Multiple accounts are only allowed for Share Certificates. All other deposit accounts are limited to one of each type.

Minimum Opening Deposit is $0.01, funded by MCU.

 

You are now leaving the Municipal Credit Union website and entering a website hosted by another party. A link to this site is being made available for convenience and informational purposes only. Any products or services accessed through this link are not being provided by Municipal Credit Union and are solely the responsibility of the vendor or merchant hosting this other website. Please be advised that the vendor or merchant hosting this other website may have a privacy and information security policy that is different than that of Municipal Credit Union. Municipal Credit Union disclaims any responsibility for the content of the third-party website you are about to access.