MUNICIPAL

22 CORTLANDT ST
New York, NY 10007

Phone: 212-693-4900

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 60153
Date Established 1917
Assets $3,033.85 million
Loans $1,976.92 million
Deposits $2,828.22 million
Capital $230.53 million

Municipal is an NCUA insured institution located in New York, NY. It was founded in 1917 and has approximately $3033.85 millions in assets.

Who can join?

You can Join MCU if you are:

An employee of the City of New York

An employee of a hospital, nursing home, health facility, or their affiliates located in New York State

A Federal employee who works in the five boroughs

A State employee who works in the five boroughs

An employee working for agencies operating within the City of New York metropolitan area and which are at least in part funded by the City of New
York or the State of New York

A retiree receiving a pension or annuity from one of the organizations that qualify for membership in MCU

An employee of an insurance company that offers health related insurance in the State of New York

An employee of companies that produce and/or supply hospitals in the State of New York with medical and other types of healthcare products

An employee of the City of Yonkers or Mount Vernon

An employee of a private college located in the City of New York.

An employee of a private or public college in the counties of Nassau, Suffolk or Westchester

An employee of the Archdiocese of New York or Brooklyn

A member of certain private employers or industry groups.

An immediate family member (spouse, parent, stepparent, child, stepchild, sibling, stepsibling, grandchild, grandparent or great grandparent) of a member or individual who is directly eligible for membership

A person living in the same household as an MCU member, or a person living in the same household as a person directly eligible for membership in MCU. ("Household" means living in the same residence and maintaining a single economic unit.)

Field of Membership Restrictions

An employee of the City of New York An employee of a hospital, nursing home, health facility, or their affiliates located in New York State A Federal employee who works in the five boroughs A State employee who works in the five boroughs All students enrolled in a college, university, school, or institution, in the City University of New York (CUNY) education system An employee working for agencies operating within the City of New York metropolitan area and which are at least in part funded by the City of New York or the State of New York A retiree receiving a pension or annuity from one of the organizations that qualify for membership in MCU An employee of an insurance company that offers health related insurance in the State of New York An employee of companies that produce and/or supply hospitals in the State of New York with medical and other types of healthcare products An employee of the City of Yonkers or Mount Vernon An employee of a private college located in the City of New York An employee of a private or public college in the counties of Nassau, Suffolk or Westchester An employee of the Archdiocese of New York or Brooklyn A member of certain private employers or industry groups An immediate family member (spouse, parent, stepparent, child, stepchild, sibling, stepsibling, grandchild, grandparent or great grandparent) of a member or individual who is directly eligible for membership A person living in the same household as an MCU member, or a person living in the same household as a person directly eligible for membership in MCU. (“Household” means living in the same residence and maintaining a single economic unit.)

Deposit Rates - August 24, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.25% $2,500 $9,999 Learn MoreShow Less
Money Market
0.30% $10,000 $24,999 Learn MoreShow Less
Money Market
0.30% $25,000 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
0.25% $500 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.10% $500 - Learn MoreShow Less
6 Mo CD
0.15% $500 - Learn MoreShow Less
12 Mo CD
0.25% $500 - Learn MoreShow Less
18 Mo CD
0.30% $250 - Learn MoreShow Less
24 Mo CD
0.40% $500 - Learn MoreShow Less
30 Mo CD
0.50% $500 - Learn MoreShow Less
36 Mo CD
0.60% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.30% $100 - Learn MoreShow Less

Loan Rates - August 24, 2019

Your Current Location: Virginia, VA 20146

Auto Loan Rates APR Rate Monthly Payment
3 Year 2.09% 2.09% $717.05
4 Year 2.09% 2.09% $543.36
5 Year 2.09% 2.09% $439.18
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.



Branches

Below are Municipal branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Municipal Locations


Financial Details

Municipal Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Municipal. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Municipal U.S. Average
4.16% 6.77

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 31, 2019, Municipal had $9,362,292 in non-current loans and $1,173,500 in owned assets. To cover these potential losses it had $230,526,661 in net worth and $22,686,807 in loans loss reserves. That gives it a Texas Ratio of 4.16%.

Net Worth
Municipal U.S. Average
7.59% 13.47%

Municipal FCU has a net worth of 7.59% versus the BestCashCow average of 13.47. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Municipal

Branches and Savings

What is Municipal?

A federal credit union, registered with the NCUA under certificate #60153.
Learn more about credit unions here.

Is Municipal FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Municipal?

Please see Field of Membership information above for information on who is eligible to join.

What are Municipal's share account and share certificate rates?

Municipal's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Municipal?

Municipal has total capital of $230.53 million. Full information on Municipal's financial position is located above.

Who owns Municipal?

Credit Unions are owned by their members.

Where are Municipal branches located?

See branch locations nearby.

Are Municipal ATMs Open 24/7?

Do Municipal ATMs accept cash deposits?

Can Municipal customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Municipal have a mobile app?

Does Municipal have mobile deposit?

Does Municipal have quick pay?

How can Municipal transfer money to other banks or credit unions?

Does Municipal report to credit bureaus?

Does Municipal use Chexsystems?

Does Municipal use Equifax?

What is Municipal's toll free phone number?

What is Municipal's ACH Routing Number?

What is Municipal's SWIFT code?

Where can I find Municipal's wire transfer form?

What is the Municipal address for deposits?

What Products Does Municipal Offer

Does Municipal offer mortgages?

Compare mortgage rates here.

Does Municipal offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Municipal offer auto and RV loans?

Compare auto loan rates here.

Does Municipal offer student loans or personal loans?

Compare personal loan rates here.

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