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In Observance of Presidents' Day all MCU branches, and our contact center will be closed Monday, February 19.

NYMCU Digital Banking & the Mobile App will remain available.




NYC’s Heroes Deserve a Financial Future They Can Count On.

You work hard every day to keep our city and communities running strong. Let MCU return the favor in the form of accessible banking products at excellent rates to ensure that you and your loved ones have a financial future worth looking forward to.

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Excellent Rates to Boost Your Success
with Every Deposit

MCU’s suite of savings products help to make sure each dollar is working harder for you. Whether you’re saving for something specific or just putting money away for the future, MCU is prepared to help you succeed with a variety of savings accounts designed to meet your needs.

Let’s Work Together to Meet Your Savings
Goals, No Matter How Big or Small.

With excellent rates that boost your savings and accelerate you towards financial success, MCU is prepared to offer you a variety of savings products that meet your every need.

Share Accounts

Hero Savings Account

Our basic savings account, with perks that are anything but. A Hero Savings Account gets you membership into MCU, a foundation to build your goals on—and regular dividends just for being a member.

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Money Market Accounts

Money Market Accounts

Earn higher dividends each time you increase your balance when you have a Money Market Savings Account with MCU. Dividends compounded and credited monthly, so you can earn more, faster.

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Share Certificate Accounts

Share Certificate Accounts

Enjoy higher dividends than basic savings accounts with terms from 6 to 36 months to match your short-term or long-term goals. A Share Certificate Account makes your savings plan simple with fixed rates and defined terms.

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Youth Accounts

With 0.05% APY*, MCU’s Youth Accounts are the perfect way to teach your child the value of saving and putting their money to work for their future.

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MCU2 Student Banking

MCU² Student Banking

College and graduate school students are eligible for a variety of MCU products such as checking, savings, credit card, loans, and resources designed to help students succeed financially.

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Coverdell ESA

Coverdell ESA

Gift your child a head start on their education with an account they can withdraw from, tax-free, to pay for education expenses. With annual deposit limits of $2,000, it’s never too early to start saving for college.

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Club Accounts

Club Accounts

With an APY* of 0.05%, Club Accounts help you put money towards special projects (such as holidays and vacations) while also earning regular dividends to put toward the final total.

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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, ...

All Your Banking, Accessible Anywhere

MCU is committed to providing you digital banking access, exactly when and where you need it. Discover helpful tools and settings that make banking smarter, not harder.

NYMCU Digital Banking

Get Paid Faster with Direct Deposit & Automatic Transfer.

Set up automatic deposit of regular paychecks (or any other recurring payments) directly into your Hero Savings Account, Everyday Hero Checking Account, or Basic Share Draft account—securely and without incurring any additional fees—and enjoy immediate access to your money.

Learn About Direct Deposit

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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Get Answers to Our Most Frequently Asked Questions.

Can I be sure that my deposits are safe?

The National Credit Union Administration (NCUA) insures MCU deposits, so you can trust that your funds are safe. The NCUA is an independent federal agency that insures deposits at federally insured credit unions, protects the members who own credit unions, and charters and regulates federal credit unions. Your savings are federally insured to at least $250,000 by the full faith and credit of the United States Government. Additionally, the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) provides federal production to IRAs up to $1 million (some restrictions may apply depending on roll-over status and uniquely unqualified accounts).

Are my savings insured?

The National Credit Union Administration (NCUA) insures MCU so you can trust that your funds are safe. The NCUA is an independent federal agency that insures deposits at federally insured credit unions, protects the members who own credit unions, and charters and regulates federal credit unions. Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

How are APY and dividend rates determined?

While many factors influence APY rates, the biggest contributing factor is the Federal Reserve (A.K.A. ‘the Fed’). When the Fed raises or lowers interest rates it affects the entire US financial ecosystem. APYs on products like student loans, credit cards, mortgages and savings accounts are also impacted by such rate changes.

How do I know which savings product is best suited for my needs?

Our member services team would be happy to set you up with an account that meets your needs! Please reach out to speak with one of our member service experts today.

Am I eligible to become an MCU member?

You may be! We welcome members from all over New York. For more details, please visit

Ready to Start Saving with MCU?

Join now to get access to the competitive rates, reliable banking products, and educational resources you need to create a foundation for an exceptional financial future.

Join MCU Today
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* APR = Annual Percentage Rate. Rates and Terms are subject to change without notice. For more details, see our Rates page.

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