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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.

 

 

Loans

Lending Options to Help You Cross the Finish Line on Your Goals

From financing a new car to consolidating debt with a personal loan to getting a Home Equity Line of Credit (HELOC), MCU has the lending solutions you need—all with manageable repayment options and competitive rates.

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Find the Loan That’s Right for You.

Let MCU find a lending option to help you reach your financial goals.

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.

Download the Mobile Banking App
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Looking for a Mortgage?

When you’re ready to purchase a new home, MCU is here with a variety of mortgages and residential lending solutions designed to suit your specific needs.

Explore Mortgage Options
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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, ...
FAQs

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 https://www.nymcu.org/rates. 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.

How can I make a loan payment?

Paying your loan with MCU is easy! There are many ways to do so, but the easiest is to make your loan payments via our NYMCU Mobile or Online Banking Apps. To learn more about setting up automatic transfers please visit https://www.nymcu.org/personal-banking/account-services/digital-banking.

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 https://www.nymcu.org/join/becoming-a-member 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 1-844-MCU-NYNY (1-844-628-6969). Our team is available to help you make an informed decision regarding which loan you should pursue.

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
Why Join?
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