Overview / Commentary
22 Cortlandt St
New York, NY 10007-3107

Municipal Credit Union is headquartered in New York and is the 9th largest credit union in the state of New York. It is also the 83rd largest credit union in the nation. It was established in 1917 and as of September of 2018, it had grown to 679 employees and 585,386 members at 23 locations. Municipal Credit Union has a B+ health rating.

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.
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Reviews (2)


Posted by: zbo | Dec 7, 2014

MCU is a great provider! I have taken personal and auto loans from them in the past and doing so was quick and easy. I enjoy having human contact rather than doing things on the website; therefore, I always call them if I needed their services. I feel comfortable talking to their representatives and I believe that every company should be largely judged according to their customer service representatives.

A year ago, I needed an auto loan and decided to go with MCU. They were very helpful in helping me obtain a loan from them. While on a phone with a friendly customer service representative, he provided me with all the options so obtain a loan with the lowest interest. He took time to listen to what I wanted and needed and had no problems answering my questions. He was very informative and was happy that he was able to provide me with a auto loan with an extremely low interest rate. Thank you so much MCU!!


MCU is fast, reliable, easy, and quick. I love their service so much. I never have to wait i long lines and I never have problems that dont get resolved. The associates are fast and friendly anyone can tell that they are trained well. The atmosphere of this credit union is very family oriented. I love that i can take my brothers or sisters here and they wont be a burden to the workers because the workers are so friendly


Health Grade Components

NCUA #60153
Year Chartered1917
Primary Regulator
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD19.58%
Annual Interest Income$88.9MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$2.86B$2.65B
LoansQ3 2018vs Q3 2017$1.92B$1.75B
DepositsQ3 2018vs Q3 2017$2.64B$2.45B
Equity CapitalQ3 2018vs Q3 2017$133.9MM$125.4MM
Loan Loss AllowanceQ3 2018vs Q3 2017$18.8MM$18.0MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$15.4MM$18.7MM
Real Estate OwnedQ3 2018vs Q3 2017$1.5MM$850.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Municipal Credit Union Savings Account Rates

0.30%*$50k*-Share Accounts
OTHER TIERS: 0.05% $500 - $1k | 0.10% $1k - $4k | 0.15% $4k - $50k
0.20%--Smart Apple Savers Club
0.20%--Future Investors Club
0.20%--Holiday Club
0.20%--Vacation Club

Municipal Credit Union Money Market Rates

0.40%*$50k*-Money Market
OTHER TIERS: 0.25% $2.5k - $10k | 0.30% $10k - $50k

Municipal Credit Union CD Rates

0.60%$500-36 Month Share Certificate
0.50%$500-30 Month Share Certificate
0.40%$500-24 Month Share Certificate
0.30%$250-18 Month Deposit Plus Share Certificate
0.30%$300-18 Month Secured Visa Share Certificate
0.25%$500-12 Month Share Certificate
0.20%$500-9 Month Share Certificate
0.15%$500-6 Month Share Certificate
0.10%$500-3 Month Share Certificate

Municipal Credit Union IRA Rates

0.60%$500-36 Month IRA Certificate
0.50%$500-30 Month IRA Certificate
0.40%$500-24 Month IRA Certificate
0.30%$100-18 Month IRA Certificate
0.25%$500-12 Month IRA Certificate
0.20%$500-9 Month IRA Certificate
0.15%$500-6 Month IRA Certificate
0.10%$500-3 Month IRA Certificate


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