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.

 

 

march-hero-image

Save $900!

For a Limited Time Pay No Application and Commitment Fees*

Get Started
*Application must be received between 3/1/2024-4/30/2024. Closing must take place within 60 days after application is submitted. Fee waiver to be applied at closing as a lender credit. 60 day rate lock available for pre-approvals and full application. Make sure to use Promo Code MTG2024 when completing your application.

Welcome to MCU

Anyone Can Be a Hero. MCU Serves Them All.

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

Become a Member

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

Login 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
hero-image-statue-of-liberty-new

Today's Rates

auto-loan

Auto Loan

as low as

5.50 %

APR 1
hero-icon-let-the-value-of-your-home

30 Year Mortgage

as low as

5.875 %

APR1
share-certificate

15-Month Share Certificate

as high as

4.85 %

APY2
hero-icon-let-the-value-of-your-home

HELOC

as low as

6.875 %

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

Auto Loan Disclosures:
The Annual Percentage Rate includes the .25% APR discount for purchasing through the MCU Car Buying Service provided by TRUECar® and a .25% discount based on you establishing direct deposit to your MCU checking account. If your direct deposit is not established within 60 days of this loan, the Annual Percentage Rate will increase during the term of this transaction. If you discontinue direct deposit, your interest rate will increase by .25% and you will be required to make additional payments of the same amount until what you owe has been repaid. For example, if your loan was for $15,000 for 60 months at 6.25% and the rate increased to 6.50% due discontinuance of direct deposit after 24 months, you would have to make 1 additional payment. 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 6.875% APR for 12 months with a maximum 80% Combined Loan-to-Value (CLTV). The initial rate will be in effect for the first year your credit line is open. If you have an introductory rate, for the 12-month period immediately following the Date of Agreement, the Annual Percentage Rate that will apply to your account will be 6.875%* or 7.375% if you elect to have MCU pay your mortgage taxes. 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. 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 March 31, 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. View full disclosure  PDF.

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

15-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 15 Month Share Certificate will roll over into a 12 month Share Certificate.

Banking That’s Always by Your Side

Digital Banking and NYMCU Mobile Banking make it easy to achieve your financial goals with our helpful saving, mobile deposit, and budgeting tools. With easy-to-use features, you can ensure your goals are met while managing your finances conveniently from anywhere.

mcu mobile app on iphone screen
Support

We’re Here To Help

ask-us-directly-icon

Ask Us Directly

Contact MCU

FAQs-icon

FAQs

Get answers to your questions.

Browse FAQs
check-out-our-resource-center-icon

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?
top top
bottom
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.