Municipal Credit Union
Headquarters
22 Cortlandt St
New York, NY 10007
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Phone 212-693-4900
2024 Overview
General Credit Union Information
Municipal is an NCUA insured institution located in New York, NY. It was founded in 1917 and has approximately $4219 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.)
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 60153 |
| Date Established | 1917 |
| Assets | $4,219.00 million |
| Loans | $2,568.60 million |
| Deposits | $3,802.49 million |
| Capital | $439.02 million |
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 - April 18, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.05% | $0 | - |
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|
| Hero
|
0.01% | $500 | $999 |
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|
| Hero
|
0.01% | $1,000 | $3,999 |
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|
| Hero
|
0.05% | $4,000 | $49,999 |
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|
| Hero
|
0.05% | $50,000 | - |
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|
|
Money Market
|
0.90% | $0 | $9,999 |
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|
|
Money Market
|
1.31% | $10,000 | $24,999 |
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|
|
Money Market
|
1.41% | $25,000 | $49,999 |
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|
|
Money Market
|
1.41% | $50,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
2.02% | $500 | - |
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|
| 9 Mo CD
|
3.04% | $500 | - |
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|
| 12 Mo CD
|
4.59% | $500 | - |
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|
| 15 Mo CD
|
3.04% | $5 | - |
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|
| 24 Mo CD
|
4.85% | $500 | - |
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|
| 36 Mo CD
|
3.56% | $500 | - |
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|
Loan Rates - April 18, 2024
Your Current Location: Ohio, OH 43085
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
3.25% | 3.25% | Varies | |
Compare with 7.49 RATE Line of Credit from Third Federal Savings and Loan
See All Home Equity Rates |
||||
| Auto Loan Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 3 Year | 2.29% | 2.29% | $719.23 | |
| 4 Year | 2.29% | 2.29% | $545.55 | |
| 5 Year | 2.29% | 2.29% | $441.37 |
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 5 Year Adjustable Conforming See Amortization Table |
7.20% | 6.49% | $2,020.51 | |
| 15 Year Fixed Conforming See Amortization Table |
6.48% | 6.38% | $2,766.48 | |
| 15 Year Fixed Jumbo See Amortization Table |
6.79% | 6.75% | $2,831.71 | |
| 20 Year Fixed Conforming See Amortization Table |
6.58% | 6.49% | $2,383.95 | |
| 20 Year Fixed Jumbo See Amortization Table |
6.90% | 6.87% | $2,456.05 | |
| 30 Year Fixed Conforming See Amortization Table |
6.69% | 6.63% | $2,050.05 | |
| 30 Year Fixed Jumbo See Amortization Table |
7.02% | 7.00% | $2,128.97 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 5 Year Adjustable Conforming See Amortization Table |
7.20% | 6.49% | $2,020.51 | |
| 15 Year Fixed Conforming See Amortization Table |
6.48% | 6.38% | $2,766.48 | |
| 15 Year Fixed Jumbo See Amortization Table |
6.79% | 6.75% | $2,831.71 | |
| 20 Year Fixed Conforming See Amortization Table |
6.58% | 6.49% | $2,383.95 | |
| 20 Year Fixed Jumbo See Amortization Table |
6.90% | 6.87% | $2,456.05 | |
| 30 Year Fixed Conforming See Amortization Table |
6.69% | 6.63% | $2,050.05 | |
Compare with 6.806% APR and 6.625% 30-Year Fixed RATE from PenFed Credit Union
See All Mortgage Rates |
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| 30 Year Fixed Jumbo See Amortization Table |
7.02% | 7.00% | $2,128.97 | |
|
Compare with 6.806% APR and 6.625% 30-Year Fixed RATE from PenFed Credit Union
See All Mortgage Rates |
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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:
Columbus,Ohio
Climate Policy and Initiatives
MUNICIPAL is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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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 |
|---|---|
| 21.82% | 6.97 |
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 December 31, 2023, Municipal had $102,889,836 in non-current loans and $416,707 in owned assets. To cover these potential losses it had $439,017,813 in net worth and $34,483,104 in loans loss reserves. That gives it a Texas Ratio of 21.82%.
Net Worth
| Municipal | U.S. Average |
|---|---|
| 10.44% | 13.62% |
Municipal FCU has a net worth of 10.44% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Municipal
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