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⚠️ Service Alert: Delayed Opening – Co-op City Branch

Please note: Our Co-op City Branch, located at 2156 Bartow Avenue in the Bronx will be open today at 1pm.

We apologize for the inconvenience and appreciate your patience.

Thank you for being a valued MCU member.

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    Insurance

    Insurance

    An agreement in which an individual or entity pays a premium to an insurer in exchange for protection against potential losses or damages.

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    Insurance is a financial product that provides protection against losses or damages that may occur. It is a way to transfer risk from an individual or business to an insurance company, in exchange for a premium payment.

    Example

    If you buy car insurance, you pay a premium to the insurance company in exchange for protection against financial losses resulting from car accidents or other types of damages to your vehicle.

    Related Terms

    Statement Period

    The length of time covered by a bank or credit card statement, typically one month, used to determine which transactions are displayed.

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    Savings Account

    A basic account that securely holds funds for an individual while also allowing them to earn interest on the account balance.

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    Authorization

    The process of verifying that a person has the right to use a particular credit or debit card for a transaction to protect against fraud.

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