View Message

ALERT
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.

 

 

back-btn Previous Menu

Digital

Digital Banking
Helpful Resources
    Nav Ad - 420x209 - digital banking

     

    top-shape
    Building a Foundation

    Get Started with Some Banking Basics.

    Whether you’re heading off to college, entering the workforce, or starting on a new journey, MCU is here to help members like you build a financial foundation with great products and expert guidance every step of the way.

    life-stages-building-foundation-image-isolated-min
    top-shape green-shape drak-blue red-shape yellow-shape

    Some Key Terms You’ll Need to Know

    Stay informed and get the most out of your money—here are some important terms you should know, based on the needs and goals of MCU members like you.

    APY

    APY, or annual percentage yield, is the rate of dividends earned on a credit union account over a year, taking into account the effect of compounding.

    Learn More
    Available Balance

    The amount of money that is currently accessible in an account and can be used for transactions.

    Learn More
    Overdraft

    A situation in which an account holder writes a check or makes an electronic transaction for more money than is available in their account.

    Learn More
    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. 

    Learn More
    Direct Deposit

    A method of electronically transferring funds from an organization, such as an employer or government agency, into an individual's bank account.

    Learn More
    Line of Credit

    A loan that allows a borrower to access funds up to a pre-approved credit limit, and is only charged interest on the borrowed funds.

    Learn More

    Start Your Financial Future Off on the Right Foot.

    As you start working toward a secure financial future, you need reliable banking solutions to keep you headed in the right direction. That’s why MCU connects our members with flexible accounts, competitive lending rates, and expert guidance, no matter what path you choose to take on your financial journey.

    im-learning-image

    I’m Learning.

    Easy-to-use banking products and tools chosen for teens or college students looking to set the wheels in motion for the future they’re in school to build.

    Show Me Products
    life-stages-building-foundation-im-working-hero-image

    I’m Working.

    Everyday banking resources for recent high school or college graduates who are entering the workforce for the first time.

    Show Me Products
    im-growing-my-family

    I’m Starting Fresh.

    Straightforward banking and guidance for members (and their families) who have recently moved to the U.S. and are ready to start building a new life here.

    Show Me Products
    life-stages-building-foundation-im-changing-careers-hero-image

    I’m Changing Careers.

    Reliable products and member support for those transitioning from one job to another. Let us be your guide as you navigate your new trajectory.

    Show Me Products
    Group 2545
    Group 2546-1
    Paint Line-1

    Banking Products Made for Members Like You

    Get the most out of MCU membership with savings, checking, and credit card options to fit your unique needs in this stage of your life. You’ll get membership rates and digital banking features—however you choose to save, spend, or build your credit.

    Ready to Start Building Your Financial Future?

    Start your financial journey off on the right foot. MCU Members enjoy expert guidance from our team and a wide array of banking products to fit your unique needs. Get started and rest assured knowing we’re with you at every step of the way.

    Join Us
    Why Join?
    final-cta-green-visual-asset_left
    final-cta-visual-asset_right
    final-cta-visual-asset-paint-stroke

    DISCLOSURE:

    *APR = Annual Percentage Rate. Rates and terms are subject to change without notice. Certain restrictions may apply. For more details, see our Rates page.

    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.