Field of Membership Restrictions
Membership in Municipal Credit Union is open to the following: (1) employees and retirees of the City of New York; (2) Federal and New York state employees and retirees who work or formerly worked in the five boroughs of New York City; (3) employees of hospitals, health facilities, nursing homes or their affiliates within the state of New York; (4) employees of health insurance companies in the state of New York; (5) employees of companies who provide supplies and healthcare products to hospitals in the state of New York; (6) employees of private colleges in the New York City or private and public colleges in Nassau, Suffolk, or Westchester Counties; (7) students enrolled in a university, college, school, or institution of the City University of New York system; (8) employees of the Archdiocese of New York or Brooklyn; (9) employees who work for agencies operating within New York City and at least partially funded by New York City or the state of New York; (10) immediate family of anyone eligible.
See current membership details
15 Month CD,4.85, ENDED JUNE/2024
15 Month CD,4.85, ENDED JUNE/2024.
How often DEP ACT. UP-DATES CD RATES.
FEED BACK TO DEP.ACT:
Please put a DATE for every CD Rate Entry. WHY? It has long expired. THANKS.
The New York State Department of Financial Services took possession of Municipal Credit Union on May 17, 2019, and appointed NCUA conservator. In a conservatorship, the NCUA’s priority is to protect the assets of the members of Municipal Credit Union while working to maintain safe-and-sound credit union operations.
| Overall | |
|---|---|
| NCUA # | 60153 |
| Year Chartered | 1917 |
| Employees | 558 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.92% |
| Return on Equity - YTD | 20.68% |
| Annual Interest Income | $155.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $4.38B$4.23B |
| Loans | Q3 2024vs Q3 2023 | $2.68B$2.53B |
| Deposits | Q3 2024vs Q3 2023 | $3.9B$3.88B |
| Equity Capital | Q3 2024vs Q3 2023 | $404.7MM$263.5MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $51.2MM$57.1MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $41.6MM$34.5MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |
