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MCU LENDING CENTER
Smart Lending for a Brighter Tomorrow
Lending Solutions for Life’s Big Moments
Flexible personal loans with no hidden fees—designed to fit your needs.
FEATURES & BENEFITS
COMPETITVE FIXED RATES
Stay in control with rates as low as 7.99%.
FLEXIBLE TERMS
Choose loan terms from 12 to 84 months.
NO HOME LIEN REQUIRED
Get funding without risking your property.
FAST ACCESS TO FUNDS
Receive cash in a lump-sum payment within days.
NO FEES
No application or prepayment penalties.
EASY APPLICATION PROCESS
Apply online in minutes.
DEBT PROTECTION OPTIONS
Protect your financial well-being with optional coverage.
USE FOR ANY PURPOSE
Medical expenses, debt consolidation, or even a dream vacation—it's up to you!
Today's Rates
Personal Loan
$1,000-$50,000
36 Months
7.99 %
APR1
Personal Loan
$5,000-$50,000
60 Months
8.49 %
APR1
Personal Loan
$25,000-$50,000
72 Months
10.49 %
APR1
Personal Line of Credit
$250 - $25,000
Revolving
11.75 %
APR2(1)APR = Annual Percentage Rate (OPEN TO READ FULL DISCLAIMER)
APR = Annual Percentage Rate (APR) represents the cost of credit over the loan term as an annualized rate.
All loan offers are subject to credit approval and program requirements.
Additional Rate Discount: Members may be eligible for an additional .25% rate discount with an established direct deposit to their MCU Everyday Hero Checking account. If your direct deposit is not established within 60 days of this loan, the Annual Percentage Rate will increase during the term of this transaction. If you discontinue direct deposit, your interest rate will increase by .25% and you will be required to make additional payments of the same amount until what you owe has been repaid. For example, if your loan was for $15,000 for 60 months at 6.25% and the rate increased to 6.50% after 24 months due to discontinuance of direct deposit, you would have to make 1 additional payment.
Rates & Terms: Rates, terms, and conditions are subject to change without notice. Additional restrictions and limitations may apply. Not all applicants will qualify for the lowest rate or longest term and may be offered credit at higher rates based on creditworthiness. Advertised rates assume excellent credit history and a 36-month term. For the most up-to-date rates, please visit our rates page.
Membership Requirements: MCU membership is subject to approval and requires opening and maintaining a savings (share) account. Applicants must be U.S. citizens or permanent resident aliens. Minimum Opening Deposit is $0.01, funded by MCU.
Additional restrictions may apply.
(2)Personal Line of Credit (PLOC) Terms and Conditions:
Personal Line of Credit (PLOC) Terms and Conditions:
|
ANNUAL PERCENTAGE RATE (APR) |
Variable Rate from 11.75% to 17.25%, As of 3/3/2026: |
|
PLOC Amounts |
$250-$25,0000 |
|
MINIMUM PAYMENT |
The greater of: |
|
PAYMENT DUE DATE |
25th of each Month |
|
FEES |
Annual Fee: $0 |
|
BILLING RIGHTS |
You have the right to dispute billing errors. Notify MCU in writing within 60 days after the statement date. |
Personal Line of Credit (PLOC) Terms and Conditions: The Annual Percentage Rate (APR) for the Personal Line of Credit (PLOC) is an open-end variable rate determined by the Prime Rate plus a margin. The APR will fluctuate with the Prime Rate (the index) as published in the Wall Street Journal. As of March 3, 2026, the variable unsecured personal line of credit APR provided by Municipal Credit Union (MCU) ranges from 11.75% to 17.25%, with the margin varying based on credit score. Account approval is subject to credit assessment. Lowest rates reserved for the most credit-worthy borrowers.
A 0.25% direct deposit discount is available only at the time of application. If the direct deposit is removed, then the discount is removed.
To apply for a Personal Line of Credit, you will be required to authorize MCU to conduct a credit check, which will appear as a hard inquiry and may impact your credit score. The line of credit may be reduced or further extensions limited under certain circumstances.
Approval requires new or existing MCU membership.
The Personal Line of Credit will be linked as an overdraft protection line for any MCU checking account. The overdraft items may not be paid and a NSF fee assessed if the Personal Line of Credit lacks sufficient available credit to pay the overdraft item and the transaction may be declined. There is no annual fee and no per transaction fees for overdraft protection and the standard APR will apply to any advances to cover paid overdraft items.
The Personal Line of Credit Agreement and Disclosure outline the terms and conditions, while the Truth-In-Savings Rates and Fee Schedule specify the applicable billing amounts for your MCU deposit accounts. You can obtain a copy of the disclosure by visiting a branch, going to https://www.nymcu.org/forms-and-disclosures, or calling 1-844-MCU-NYNY (1-844-628-6969).
MCU reserves the right to modify or discontinue products and benefits based on market conditions and borrower eligibility.
Life doesn’t wait in the city.
A personal line of credit gives you flexible access to funds when you need them - up to an approved credit limit.
Use a Personal Line of Credit to:
- Cover unexpected expenses
Handle surprise costs like car repairs, medical bills, or urgent home fixes without disrupting your budget.
- Manage cash flow between paychecks
Bridge short-term gaps and keep bills paid on time when timing is tight.
....or just to be prepared for life’s planned moments
Get Peace of Mind with Debt Protection.
Debt Protection could be used to cancel your personal, or auto loan balance or payments up to the contract maximums should you experience a covered life event.
Call 844-628-6969 or visit any of our branches to get protection today.
Build Your Credit & Your Savings
Take control of your financial future with MCU’s Credit Builder Program. Whether you're establishing credit for the first time or rebuilding your score, this secured loan helps you build a positive payment history while earning interest in your Hero Savings account. Make consistent, on-time payments and strengthen your credit—one step at a time.
.
3 Easy Steps From Application to Approval
Apply Online, By Phone, or In-Branch Today!
Choose the option that works best for you—apply online, call us, or visit your nearest branch.
Please note, you may need to upload your most recent pay stub and, if consolidating bills, provide potential credit card statements.
Get Approved:
Receive a quick decision and loan terms tailored to your needs.
Access Your Funds In a Few Days:
Approved funds are deposited directly into your account.