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ALERT
Our Midwood branch located at 1560 Flatbush Avenue in Brooklyn will reopen this Friday, May 31st!

In the meantime, you can securely access your accounts by logging into Digital Banking or visiting any of our other local branches.

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Get $100* in 100 Days!

Now YOU can join MCU!
Open Your Free Checking Account** and claim your $100.

Learn More

*You must open a Checking Account with MCU between 5/1/24 and 6/30/24 connected to direct deposit or payroll deduction to get $100. Limit one account-opening bonus per qualifying account. If requirements have been met, the $100 will be deposited into your account 8/9/2024. Offer not available to individuals who were a primary account owner of an MCU checking account in the last 12 months. Account must not be closed or restricted during the time of promotional period. Offer is subject to cancellation without notice. Account opening is subject to approval. ** An active Share Account is required to open.

Welcome to MCU

Anyone Can Be a Hero. MCU Serves Them All.

Join the community of NYC’s everyday heroes shaping their financial futures.

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Access your accounts, manage your finances, and build your future!

Log In to Online Banking

Anyone Can Be a Hero. MCU Serves Them All.

Everyone can be a hero. We serve the everyday heroes of NYC—we believe that every hero deserves to create a foundation for an exceptional financial future, and we’re ready to help.

Become A Member
Log In To Online Banking
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Today's Rates

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Auto Loan

as low as

6.00 %

APR 1
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30 Year Mortgage

as low as

6.000 %

APR1
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9 Month Share Certificate

as high as

5.12 %

APY2
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HELOC

as low as

5.99 %

APR1
(1) APR = Annual Percentage Rate (OPEN TO READ MORE)

Auto Loan Disclosures:
Rates may be higher based on applicant's creditworthiness, auto model year, loan term, loan amount and method of repayment. Rates and terms are subject to change without notice. Lien placed on vehicle. Certain restrictions apply. Minimum loan amount of $20,000 for terms up to 72 months. Minimum loan amount of $30,000 for 84 month term. Late payment fee: $25.00. MCU membership is required.

30 Year Mortgage Disclosures:
Rates and payments may adjust every 6 months after the initial period expires based on movements in the index. Current rate shown factor in MCU's floor rate of 2.750%. Based on loan amounts of $100,000. Above rates are applicable to loans secured by a 1-2 Family home which is the principal residence of the borrower(s). Different rates may apply for loans secured by Co-ops, Second/Vacation homes and 3-4 Family homes and loan amount. Rates may be higher based on applicant's creditworthiness. Rates and terms are subject to change without notice. Certain restrictions may apply. The initial rate is current as of 10/26/23 and is the Credit Union's best rate. Rates and terms may vary depending on loan to value ratio, credit evaluation and underwriting requirements. After the fixed rate period, your interest rate will adjust up or down according to market rates at the time of reset. PMI=Private Mortgage Insurance. Flood and/or property hazard insurance may be required. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. The payment on a 30 year $100,000, 5/6 year Adjustable Rate Loan at 5.000 and 80% loan-to-value (LTV) is $536.82 After 5 years, the interest rate cannot increase more than 2% at the first interest rate change and cannot increase more than 1% every 6 months, thereafter. The rate will not be higher than 10.000% over the term of the loan. Payments are estimates and include only principal and interest.


HELOC Disclosures:
 The introductory rate is 5.99% for 2nd lien position loans and 5.49% for 1st lien position loans with APR for 12 months with a maximum 75% Combined Loan-to-Value (CLTV). Minimum FICO Score is 720 with a required initial draw depending on the approved loan amount. The initial rate will be in effect for the first year your credit line is open. MCU cannot pay your mortgage taxes for this special promotion. Subsequently, your account will be subject to the Variable Rate provisions described herein. The initial Annual Percentage Rate is discounted;  it is not based on the index and margin used for later adjustments. Special promotion rate will expire on June 30, 2024.
 
The current variable APRs as of September 2023 range from 8.75% - 12.75%. The floor APR is 3.00%. HELOC closing costs are waived if, at closing, you take a minimum advance of $25,000 on line amounts below $250,000 and keep your line of credit open for at least three years, otherwise you will be required to reimburse MCU for certain fees paid to third parties. These fees can be as low as $135 for a $25,000 HELOC and as high as $1,000 for a $250,000 HELOC. Loan applicant has the option to have their mortgage recording fees and mortgage taxes waived at closing for an additional .50% on their introductory rate and fully indexed rate. The 6.875% introductory rate and closing costs waiver offer is available until June 30, 2024.

THE ANNUAL PERCENTAGE RATE MAY VARY AND IS EQUAL TO THE HIGHEST PRIME RATE PUBLISHED IN THE WALL STREET JOURNAL ON OR BEFORE THE LAST DAY OF THE PRECEDING MONTHLY BILLING PERIOD PLUS A MARGIN BETWEEN 0% AND 4%.

HELOCs are secured by a mortgage on your primary residence. Co-ops and investment properties are not accepted. Property insurance is required. Flood insurance may be required if the property is in a flood zone. Certain restrictions may apply. Membership is required.

The Prime Rate as of July 26, 2023 is 8.50%. The annual percentage rate may be higher based on the applicant’s creditworthiness. The maximum Annual Percentage Rate that may be imposed is 6% above the initial interest rate at closing. Rates and terms are subject to change without notice. Other terms and conditions apply.View full disclosure  PDF.

(2) APY = Annual Percentage Yield (OPEN TO READ MORE)

9 Month Share Certificate:
The APY is accurate as of 10/26/23. Minimum Opening Deposit = $0.00. A minimum of $5.00 is required to earn APY. Upon maturity, the 9 Month Share Certificate will roll over into a 9 month Share Certificate.

Banking That’s Always by Your Side

Digital Banking and the NYMCU Mobile Banking App make it easy to achieve your financial goals with helpful tools.

With easy-to-use features, you can ensure your goals are met while managing your finances conveniently from anywhere.

Download the Mobile Banking App
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Support

We’re Here To Help

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Ask Us Directly

Contact MCU

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FAQs

Get answers to your questions.

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Check Out Our Resource Center

We have compiled resources designed to help you build a foundation for an exceptional financial future.

We’re More Than Just a Financial Institution.

You’re looking for more than just a place to put your money. You are looking for someone to help you achieve your financial goals.

That’s where MCU comes in. We are a not-for-profit credit union, and we have been serving the financial needs of New Yorkers and their communities for over 100 years.

As a credit union, we exist to serve our members—not shareholders. This means our profits are funneled right back to you in the form of better products and services going even further to help you reach your financial goals.

About MCU
Why Join?
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