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MUNICIPAL CREDIT UNION ANNOUNCES COVID-19 RELATED MEMBER ASSISTANCE PROGRAM

- Credit Union Introduces Program to Assist Members Who Encounter Financial Difficulties As a Result of COVID-19 Pandemic -

NEW YORK CITY (March 24, 2020) – In response to the extraordinary circumstances surrounding the COVID-19 pandemic, Municipal Credit Union has announced the introduction of a Member Assistance Program. The program is designed to provide support and relief to members and their families who encounter financial difficulties as a result of the COVID-19 Pandemic. The multi-faceted program includes:

  1. 1. Hardship Loans

  2. 2. Interest rates for new Personal Loans reduced by 3%

  3. 3. A Skip a Payment plan for members with existing Auto and Personal loans

  4. 4. Deferral of mortgage payments for 90 days and the waiving of any late payment fees and online payment fees for 90 days for members with existing MCU mortgages

  5. 5. CD early withdrawal penalty waivers

  6. 6. Fee refunds for CO-Op Network ATMs

A dedicated Member Assistance Program page outlining the details of the program is available on nymcu.org.

Municipal Credit Union is committed to supporting its members who encounter hardships during this unprecedented pandemic situation.

About Municipal Credit Union

Municipal Credit Union is the oldest credit union in New York State and one of the oldest and largest in the country. Established in 1916 and headquartered in New York City, today MCU has assets of more than $3.0 billion and offers a full range of financial services to its more than 500,000 members. MCU is an equal opportunity lender, and deposits are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency. For more information about Municipal Credit Union, visit www.nymcu.org

MUNICIPAL CREDIT UNION ANNOUNCES COVID-19 RELATED MEMBER ASSISTANCE PROGRAM

- Credit Union Introduces Program to Assist Members Who Encounter Financial Difficulties As a Result of COVID-19 Pandemic -

NEW YORK CITY (March 24, 2020) – In response to the extraordinary circumstances surrounding the COVID-19 pandemic, Municipal Credit Union has announced the introduction of a Member Assistance Program. The program is designed to provide support and relief to members and their families who encounter financial difficulties as a result of the COVID-19 Pandemic. The multi-faceted program includes:

  1. 1. Hardship Loans

  2. 2. Interest rates for new Personal Loans reduced by 3%

  3. 3. A Skip a Payment plan for members with existing Auto and Personal loans

  4. 4. Deferral of mortgage payments for 90 days and the waiving of any late payment fees and online payment fees for 90 days for members with existing MCU mortgages

  5. 5. CD early withdrawal penalty waivers

  6. 6. Fee refunds for CO-Op Network ATMs

A dedicated Member Assistance Program page outlining the details of the program is available on nymcu.org.

Municipal Credit Union is committed to supporting its members who encounter hardships during this unprecedented pandemic situation.

About Municipal Credit Union

Municipal Credit Union is the oldest credit union in New York State and one of the oldest and largest in the country. Established in 1916 and headquartered in New York City, today MCU has assets of more than $3.0 billion and offers a full range of financial services to its more than 500,000 members. MCU is an equal opportunity lender, and deposits are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency. For more information about Municipal Credit Union, visit www.nymcu.org

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Routing Number: 226078036

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