M. C. T. Federal Credit Union

MCT Federal Credit Union is a great local credit union

I have a savings account with MCT Federal Credit Union in Amsterdam, NY. They are a great local credit union. I have found that there savings account rates are significantly higher than local banks. They offer direct deposit for savings accounts which is very helpful because they have limited locations and somewhat limited hours compared to other local banks that I have dealt with. They have a robust online account presence which makes it easy to access my account even though they only have a couple of physical locations. I have previously had CDs with the Credit Union for many years, while it has been a few years since I redeemed them the rates that they offered on the CDs were higher than local banks like Trustco or Keybank. Unlike a lot of other local banks MCT has limited to no fees (at least for the services that I have encountered thus far). This is very different from a local bank like Keybank which has many different fees. The no fee/very limited fee structure made the bank very attractive to me especially as other banks have been moving to increased fees.