View Message

Alert
Great news! Our Springfield Gardens branch is currently under renovations to provide our members with a better experience. We understand that during the renovation the service can be impacted and we truly appreciate your patience. However, you can also visit our St. Albans branch to help expedite the service while Springfield Gardens is under renovations. Thank you!

APR

APR, or annual percentage rate, is a measure of the cost of borrowing money that includes the interest rate and other charges as a yearly rate.

More Details

APR stands for annual percentage rate. It is the annualized interest rate that an individual is charged on a loan, credit card, or other type of credit product. The APR takes into account not only the interest rate on the loan, but also any additional fees or charges that an individual may be required to pay, such as origination fees or balance transfer fees.

Example

If an APR is 15.5%, it means that you would be charged an annual interest rate of 15.5% on any outstanding balances on your credit card. This APR takes into account not only the interest rate on the loan, but also the annual fee that you would be required to pay.

Ready to Own the Home of Your Dreams?

Join now to get access to the competitive rates, member-friendly loan products, and educational resources you need to secure an exceptional financial future.

Join Today
Why Join MCU?
final-cta-green-visual-asset_left
final-cta-green-visual-asset_right
final-cta-green-visual-asset-paint-stroke
You are now leaving the Municipal Credit Union website and entering a website hosted by another party. A link to this site is being made available for convenience and informational purposes only. Any products or services accessed through this link are not being provided by Municipal Credit Union and are solely the responsibility of the vendor or merchant hosting this other website. Please be advised that the vendor or merchant hosting this other website may have a privacy and information security policy that is different than that of Municipal Credit Union. Municipal Credit Union disclaims any responsibility for the content of the third-party website you are about to access.