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The Harlem branch will be closed for the remainder of today and will reopen for business on Friday, November 24th. 


Heroes Home Improvement Loan

Give Your Home an Upgrade without Breaking the Bank.

MCU’s Heroes Home Improvement Loan is an inclusive fixed-rate loan designed to help low to moderate-income homeowners make necessary repairs, upgrades, and renovations—everything you need to make your house a more comfortable home.

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Invest in Your Home and Your Future.

The Heroes Home Improvement Loan is designed to make home improvement projects more accessible and affordable—helping homeowners transform their living spaces with flexible loan terms, low fixed interest rates, and access to up to $50,000 in funds.


Flexible Loan Terms

With repayment periods ranging from 1 to 10 years, you can choose the term that works best for your budget. Whether you're looking to pay off your loan faster or reduce your monthly payments with a , we have options to fit your needs.


Up to $50,000 in Funds

Borrowers can access anywhere from $5000–$50,000 in funds to tackle any home improvement project, big or small. From repairing a leaky roof to remodeling your kitchen, our loan can help make your home improvement dreams a reality.


Enjoy Fixed Interest Rates

Lock in your interest rate and discover the peace of mind that comes with knowing that your monthly payments won't change over the life of your loan, regardless of market fluctuations—so you can plan your budget and manage your finances more effectively.

Not Sure Whether You’ll Qualify?

Don't let uncertainty hold you back from your goals—take a few minutes to find out if you're eligible for this affordable home improvement loan. Click here to view the FFIEC Guidelines.

See If I Qualify

Additional Loan Details & Qualifications

Members must own and occupy the home as their primary residence as well as pre-qualifying for the loan based on FFIEC census tract and income guidelines. Please keep in mind that you still must qualify for the loan through other standard eligibility such as credit score, debt to income ratio, lien position and ownership of property. For additional information, please visit our rates page.

The Heroes Home Improvement Loan at a glance:

  • Fixed interest rate.
  • 1-10 year flexible loan term.
  • Loan amounts between $5,000-$50,000.
  • Funds must be strictly used for Home Improvements.
  • Receive the amount borrowed in one lump sum.
  • Financing available in New York and New Jersey.
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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.

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Banking That’s Always by Your Side

Manage your loan the easy way with the NYMCU Mobile and Online banking apps. Our easy-to-navigate platform gives you the tools you need to make banking smarter, not harder.

NYMCU Digital Banking

Lending Products Built for the Heroes of NYC

Whether you’re ready to purchase a vehicle, need cash for an unexpected expense, or something else—we’re here to help. MCU offers the lending services you need to achieve your goals.

Home & Mortgage 1-1

Residential Lending

Do you have your eye on the home of your dreams? We believe every hero deserves a place to call their own—and we can’t wait to help you. Learn more about the different mortgage options we offer our valued members.

See Residential Lending

Auto Loans & Services

Get access to reliable products that help you buy, refinance, or insure your car. Explore our affordable loan and service options so you can focus on what really matters: grocery runs, daycare pickups, or a new commute.

See Auto Loans & Services

Personal Loans

Need to pay for an unexpected expense, a special event, or just need some extra cash to consolidate bills? An MCU Personal Loan is a hassle-free way to access the funds you need and take control of your finances.

See Personal Loans


Level Up Your Financial Literacy.

Whether you're just starting to learn about personal finance or looking to take your knowledge to the next level, our educational tools and resources can help you build a solid foundation for financial success.

Explore Financial Literacy Resources

Get Answers to Our Frequently Asked Questions.

Do I need to get a home appraisal?

Yes—MCU will provide valuation services during your application process. To get more information, please contact one of our loan officers.

Is a Home Equity Loan’s interest rate fixed or variable?

An MCU Home Equity Loan has a fixed interest rate and typically delivers the funds to you in one lump sum. If you are looking for a more flexible option with a variable rate, consider a Home Equity Line of Credit (HELOC) with MCU.

What’s the difference between a home equity loan or a home equity line of credit?

Home equity loans and home equity lines of credit (HELOCs) are loans that are secured by the borrower’s home. Because both use your home as collateral, they usually have much better interest terms than personal loans, credit cards, and other unsecured debt. A home equity loan through MCU is paid on a fixed monthly basis, with an interest rate that doesn't change throughout the term of the loan. HELOCs are revolving credit lines that come with variable interest rates. For that reason, borrowers are subject to variable minimum payment amounts.

What can I use a home equity loan to pay for?

A Home Equity Loan can be used to cover almost any cost, some examples include: college tuition, vehicle purchases, buying a second property, consolidating higher interest rate loans, or home improvement projects.

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, and educational resources to stay in control of your finances.

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