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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.

 

 

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    Loans & Home Loans

    Lending Options to Support Every Hero’s Financial Success

    Our members come from various financial backgrounds. That’s why MCU offers a range of lending products to meet your every need, with competitive rates and terms to keep your finances on track.

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    Find the Loan That’s Right for You.

    Whether you’re looking to consolidate bills, buy your first car, or cover an unexpected expense, our competitive loan rates and helpful staff are here to help you reach your financial goals.

    Banking That’s Always by Your Side

    Access the information you need, when you need it, with our easy-to-navigate digital banking platform. Discover helpful tools and settings that make banking smarter, not harder.

    Download the Mobile Banking App
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    Let’s Connect You with the Banking Resources You Need.

    Reach your financial goals and take your household to the next level with our personal banking options.

    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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    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, ...
    FAQs

    Get Answers to Our Most Frequently Asked Questions.

    What are your current interest rates?

    Rates are based on credit, and only our lowest rates are viewable before the application is submitted—which you can see by visiting https://www.nymcu.org/rates. Or, you can request the current rates when speaking to one of our friendly loan officers. But, the only way to know what rate you’ll qualify for is to apply.

    Do I need to be a member to apply for a loan?

    Yes, membership is required to apply for any type of loan with MCU. Visit https://www.nymcu.org/join/becoming-a-member to learn more about membership and eligibility.

    What is the closing process?

    You can track the status of your loan application via our NYMCU Online and Mobile Banking platforms. When it is time to move forward with your loan, you will be contacted by a member of our staff to discuss the process. Once the documents are signed and the loan is processed, you will receive your funds.

    How do I know if a type of loan is the right option for me?

    Because everyone’s scenario is unique, please feel contact an MCU representative or a Lending Sales Specialist at 1-844-MCU-NYNY (1-844-628-6969). Our team is available to help you make an informed decision regarding which loan you should pursue.

    Which is better, a fixed-rate or an adjustable-rate mortgage?

    We encourage you to speak to one of our expert lending officers for more detailed information, but, generally speaking, a fixed-rate mortgage may fit the needs of a buyer when the initial mortgage rate is lower, as it allows you to lock in said rate. If the current rate is high or if you won’t be owning the property for a standard mortgage term, an adjustable-rate mortgage may be more appropriate as the rates tend to be lower earlier on in the life of the mortgage.

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

    Join Us
    Why Join?
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