Average User Rating:4 star rating based on 2 reviews.
Montauk Credit Union
Montauk Credit Union Locations| 111 West 26TH St. New York, NY 10001 212-989-5200 www.montauk-cu.com  |
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Montauk Credit Union is headquartered in NEW YORK and is the 57th largest credit union in the state of New York. It is also the 1,185th largest credit union in the nation. It was established in 1922 and as of September of 2011, it had grown to 8 employees and 2,911 members. Montauk Credit Union's savings rates are 44% higher than the national average, and it boasts a 5-star health rating.
Montauk Credit Union Routing Number: 226074658
Related Posts
When I last reviewed Montauk Credit Union in April, it was one of two institutions offering very competitive CD rates in New York City. The other one was Atlas Bank . Rates have fallen at both institu ...
In the past I've waited until Saturday to review some of the best local CD deals. I've cut back on this since it was taking me too long for my Saturday weekly summaries. So I've decided to create a ne ...
If you live in New York City, look to the small institutions to find the best CD rates. Montauk Credit Union is one of these. It's a small one-office credit union located at 111 West 26th Street. It h ...
Montauk Credit Union did something in March that's rare these days. It raised its CD rates. The short-term CD rates went up by 25 basis points and some of the long-term CD rates went up by 50 basis po ...
2010
- 12/7 - Competitive CD Rates at Montauk Credit Union in New York City - Local Only - Update
- 4/5 - Competitive CD Rates at Montauk Credit Union in New York City - Local Only
2009
- 12/8 - 2.50% 24-Month CD & Other Competitive CD Rates at Montauk Credit Union in New York - Local Only
- 8/5 - 2.50% 18-Month CD & Other High CD Rates at Montauk Credit Union in New York - Local Only
- 6/25 - 2.75% 12-Month CD & Other High CD Rates at Montauk Credit Union in New York - Local Only
- 5/18 - 2.75% 12-Month CD and Other High CD Rates at Montauk Credit Union in New York City - Local Only
- 2/1 - 3.50% 12-Month CD and Other High CD Rates at Montauk Credit Union in New York City
2008
- 12/2 - 4.15% 1-Year CD & 4.50% 3-Year CD at Montauk Credit Union in New York
- 3/10 - 4.20% 60-Month / 4.10% 12-Month CD at a New York City CU - Easy Membership (Montauk).
Data for Q3 2011
Institution Statistics
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Institution Health
Overall Score:
5 out of 5 
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5 Year Cd Rate
- sabre82af - Thursday, April 7, 2011 - 9:15 AMThe 5 year cd rate just changed today to 3.0% APY
Hidden Debit Card Fee
I followed the national trend and closed my bank account and opened a share draft at a credit union. There wasn't a ton of info out there on Montauk, but the little there was was all good. The people there are VERY pleasant and helpful, especially Ben. There's kind of a lot of inconvenience, which I suppose is to be expected since there are no fees. Just one location and it's only open from 8:30-5:00 (soon to be 3:00, I think) M-F. So if you need to deposit an actual check, you either have to get there during those hours or mail it in. The actual place is kind of dingy with this super annoying huge vent that comes on every 30 seconds and makes it impossible to hear the clerk behind the glass. They have online banking, but it takes almost two weeks to get it set up. But my biggest beef with them is that you get charged a $1.00 every time you use your debit card (as in, you enter your PIN to make a purchase). When I found that out after the fact, I assumed that I'd just overlooked that info in the check card application, but it's not there. I was never told about this fee, which is kind of ridiculous. In most instances, it's easy to make sure it runs through as credit, but some places, like Duane Reade, it automatically swipes through as debit and adds a buck to your purchase. Not cool. Back to the bank for me, though I am going to keep the share and share draft accounts I've opened at Montauk as back-ups.