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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.



What is Collateral Protection Insurance?

As part of your auto loan obligation, you are required to maintain physical damage insurance coverage on your vehicle until you pay off the loan.

If you fail to provide proof of insurance or fail to maintain insurance coverage for the life of the loan, Municipal Credit Union will purchase a policy to protect the asset and pass the cost on to you, the borrower.

The cost of this insurance can be much more expensive than if you purchased insurance on your own from an insurance company.

If you receive a communication from us regarding CPI, it is because you need to submit proof of insurance. Visit to submit proof of insurance.

If you have any questions regarding a Collateral Protection notice you received, please call toll free: 1 (800) 998-0762.

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