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System Maintenance:
Due to system maintenance, NYMCU Digital Banking, including the Mobile application will be unavailable on Monday, September 18th, 2023 from 12:59am - 5:00am.

Loans & Home Loans

Lending Options to Support Every Hero’s Financial Success

Our members come from various financial backgrounds. That’s why MCU offers a range of lending products to meet your every need, with competitive rates and terms to keep your finances on track.

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Find the Loan That’s Right for You.

Whether you’re looking to consolidate bills, buy your first car, or cover an unexpected expense, our competitive loan rates and helpful staff are here to help you reach your financial goals.

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Personal Loans

Don’t compromise on your financial plans. An MCU Personal Loan may help you achieve your goals by providing lower monthly payments. If you have no credit, poor credit or you are trying to build or improve your credit, our Credit Builder loan is a great, secured option.

See Personal Loans
auto loan

Auto Loans & Services

Whether you’re new to the car buying process or come to the table with prior experience, we’ve got you covered every step of the way. The MCU Car Buying Service, coupled with our competitive financing options, makes the car buying process a smooth ride.

See Auto Loans & Services
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Fixed Home Equity Loans

Let the value of your home work for you. Borrow up to 80% of your home’s available equity in a single lump sum with fixed and stable payment plans made over your preferred loan period.

See Home Equity Loans

Home Equity Line of Credit (HELOC)

Unlock the equity in your home and choose to spend as much or as little as you need with a variable, revolving Home Equity Line of Credit (HELOC). Like a credit card, you’ll be approved for more borrowing as you make payments toward your outstanding balance.

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Conventional Mortgages

In the market for a new place to call home? MCU makes it easy with competitive interest rates and helpful guidance from our lending experts. The only hard part may be deciding what color to paint the living room.

See Conventional Mortgages
jumbo mortgages

Jumbo Mortgages

Have your eye on a higher-priced home? Our Jumbo Loan options exceed the limit of a conventional loan and allow you to buy up to 1 million dollars in residential property.

See Jumbo Mortgages

High-Balance Mortgages

For members buying in a particularly high-cost area, MCU offers High-Balance Loan options that allow for an increased loan limit—opening doors to home purchases in higher-priced neighborhoods.

See High-Balance Mortgages
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Multi-Family Homes, Co-Ops, and Condos

No matter what your ideal home type is, you deserve to rest comfortably after a long day. MCU offers the financial support you need to purchase non-traditional homes not covered by a conventional mortgage.

See Multi-Family Homes, Co-Ops, & Condos Lending
investment home

Investment Property Loans

Real estate can be a great investment for your family’s future. MCU is here to help you plan ahead and purchase a property that will grow in value and help you meet your goals.

See Investment Property Lending

Banking That’s Always by Your Side

Access the information you need, when you need it, with our easy-to-navigate digital banking platform. Discover helpful tools and settings that make banking smarter, not harder.

NYMCU Digital Banking

Let’s Connect You with the Banking Resources You Need.

Reach your financial goals and take your household to the next level with our personal banking options.


Checking Accounts

Managing your everyday banking has never been easier. Get paid instantly with direct deposit, manage your money on the go with our mobile app, enjoy easy ATM access in our branches or co-op locations, and get real-time transaction updates to keep you on track while you spend.

See Checking Accounts
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Savings Accounts

MCU’s savings products make sure each dollar is working harder for you. Whether you’re saving for something specific or just putting money away for a rainy day, MCU has you covered with great rates and a wide range of savings options.

See Savings Accounts
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MCU members can prepare for their financial futures with fixed or variable rate options on both traditional IRAs (which are designed to allow pre-tax contributions) and Roth IRAs (which are designed to allow tax-free withdrawals upon retiring).

See IRAs
Credit Card

Credit Cards

From building credit to getting cash back on your everyday spending, our VISA® credit card options are designed to meet all of our members’ credit needs. Ready to start swiping? Apply today.

See Credit Cards
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Protect what matters most to you and your family with affordable rates on Whole & Term Life, Auto & Home, and Accidental Death & Dismemberment insurance, all offered through our trusted partners at PFP and TruStage®.

See Insurance
member resources

Member Resources

Our expert team members are here to help people build a foundation for an excellent financial future by providing guidance, wisdom, and educational resources that prepare them to accomplish their goals.

See Member Resources

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
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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, ...

Get Answers to Our Most Frequently Asked Questions.

What are your current interest rates?

Rates are based on credit, and only our lowest rates are viewable before the application is submitted—which you can see by visiting Or, you can request the current rates when speaking to one of our friendly loan officers. But, the only way to know what rate you’ll qualify for is to apply.

Do I need to be a member to apply for a loan?

Yes, membership is required to apply for any type of loan with MCU. Visit to learn more about membership and eligibility.

What is the closing process?

You can track the status of your loan application via our NYMCU Online and Mobile Banking platforms. When it is time to move forward with your loan, you will be contacted by a member of our staff to discuss the process. Once the documents are signed and the loan is processed, you will receive your funds.

How do I know if a type of loan is the right option for me?

Because everyone’s scenario is unique, please feel contact an MCU representative or a Lending Sales Specialist at (212) 693-4900. Our team is available to help you make an informed decision regarding which loan you should pursue.

Which is better, a fixed-rate or an adjustable-rate mortgage?

We encourage you to speak to one of our expert lending officers for more detailed information, but, generally speaking, a fixed-rate mortgage may fit the needs of a buyer when the initial mortgage rate is lower, as it allows you to lock in said rate. If the current rate is high or if you won’t be owning the property for a standard mortgage term, an adjustable-rate mortgage may be more appropriate as the rates tend to be lower earlier on in the life of the mortgage.

Ready to Join the MCU Community?

Gain access to the products and services that help our members create a foundation for an excellent financial future—such as competitive rates, reliable banking products, and educational resources to stay in control of your finances.

Join Us
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