What are the current interest rates at Municipal Credit Union?

Current rates for Municipal Credit Union include: 12-Month CD: 3.56%, 18-Month CD: 3.30%, 24-Month CD: 3.56%, Savings: 3.00%, MMA: 2.02%

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Municipal Credit Union Rates & Review October 2026

Q: How many branches does Municipal Credit Union operate?

Municipal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is a member application needed to join Municipal Credit Union?

Yes, to access services at Municipal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Q: Is there a first-time homebuyer program?

Currently, Municipal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Municipal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: October 9, 2026

Municipal Credit Union's top rates as of October 9, 2026 are 4.07% APY on its 12-Month Bonus Rate K New Money CD, 3.00% APY on savings, 2.02% APY on money market accounts, 5.62% on its 5/6 Adjustable Rate Mortgage, and personal loans from 12.00% APR, according to rates verified by MonitorBankRates. Other Municipal Credit Union CD rates include 12-Month CD at 4.07%, 36-month IRA CD at 3.82%, and 36-Month CD at 3.82%. MonitorBankRates evaluates the financial stability of Municipal Credit Union with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 8.74%. Rates last updated and verified on 10/09/2026.

Municipal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Municipal Credit Union? Share your experience about Municipal Credit Union by leaving a review below, or read customer reviews before you decide to use Municipal Credit Union.

Verified Healthy Q2 2026 Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

Excellent Health Score: 96/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

8.74%

Excellent Higher than avg

Health Trend

Steady 12 quarters

Full history ›

Municipal Credit Union
MCU - Cortlandt St

22 Cortlandt St
New York, NY 10007-3107

https://www.nymcu.org

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Financial health data as of Q2 2026 (NCUA 5300 call report for the quarter ended June 30, 2026). This is the most recent call report available. The NCUA publishes credit union call reports about ten weeks after each quarter ends.

Municipal Credit Union CD Rates

Product	Rate	APY	Term
12-Month Bonus Rate K New Money	-	4.07%	12 months
Min Deposit $5,000 Details $5; You may be eligible for a 0.50% increase on the current Dividend Rate on the 12 Months Share Certificate account if you meet certain eligibility requirements. To be eligible, you must open a 12 Month Share Certificate account or renew an existing 12 Month Share Certificate account in-person at one of our branches, through our Digital Banking platform, or through our mail-in renewal process. You must also deposit a minimum of $5,000 of New Money into the Share Certificate account at the time of opening or renewing. Any funds that you want to deposit in addition to the $5,000 of New Money may come from accounts you currently have with us and those additional funds will earn the stated APY. The account will automatically renew into the 12 Month Share Certificate and will be subject to the Dividend Rate, APY, and other terms and conditions of the 12 Month Share Certificate in effect at the time of renewal unless the account is closed prior to maturity or during the ten (10) day renewal grace period or the eligibility requirements of the 12 Months - $5K New Money at satisfied during the ten (10) day renewal grace period. An early withdrawal penalty will apply if the account is closed prior to maturity. "New Money" is defined as funds that are not on deposit in any MCU account at the time the account with the New Money requirement is opened. The New Money requirement may be satisfied by: (1) making a deposit of New Money directly into an account bearing a New Money requirement; or (2) making a deposit of New Money into a savings or checking account and transferring the New Money into the account bearing the New Money requirement within seven (7) days of the date of deposit. Funds transferred into an account bearing a New Money requirement from any MCU account after seven (7) days from the date of deposit will not be eligible to satisfy the New Money requirement. Last Updated 10/09/2026 Rate History No change since Oct 9, 2026 · 4.07% APY · checked 3 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
12-Month Certificate	-	4.07%	12 months
Min Deposit $500 Details New Money promotional rules require funds not currently on deposit with MCU or transferred within seven (7) days. Last Updated 10/09/2026 Rate History No change since Oct 9, 2026 · 4.07% APY · checked 3 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
36-month IRA Share Certificate	3.82%	3.82%	36 months
No additional details. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 3.82% APY · checked 8 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
36-Month Share Certificate	3.82%	3.82%	36-Month
Min Deposit $500 Min Balance $5 Details The 36-Month Share Certificate Account is a fixed rate account and the rate may change after the account is opened. A penalty may be imposed for early withdrawals. Upon maturity, the 36 Month Share Certificate will roll over into a 36-month Share Certificate. Last Updated 10/09/2026 Rate History No change since Sep 29, 2026 · 3.82% APY · checked 4 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
12-month IRA Share Certificate	3.56%	3.56%	12 months
No additional details. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 3.56% APY · checked 8 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
24-Month Certificate	-	3.56%	24 months
Min Deposit $500 Details New Money promotional rules require funds not currently on deposit with MCU or transferred within seven (7) days. Last Updated 10/09/2026 Rate History No change since Oct 9, 2026 · 3.56% APY · checked 3 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
24-month IRA Share Certificate	3.56%	3.56%	24 months
No additional details. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 3.56% APY · checked 8 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
18-Month IRA Certificate	-	3.30%	18-Month
Details The IRA 18-Month Share Certificate Account is a variable rate account and the rate may change after the account is opened. All other Share Certificate Accounts are fixed-rate accounts. A penalty may be imposed for early withdrawals. Last Updated 10/09/2026 Rate History No change since Oct 9, 2026 · 3.30% APY · checked 3 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
6-month IRA Share Certificate	3.30%	3.30%	6 months
No additional details. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 3.30% APY · checked 8 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
9-Month Certificate	-	3.30%	9 months
Min Deposit $500 Details New Money promotional rules require funds not currently on deposit with MCU or transferred within seven (7) days. Last Updated 10/09/2026 Rate History No change since Oct 9, 2026 · 3.30% APY · checked 3 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%

Municipal Credit Union Savings Rates

Product	Rate	APY
High Yield Savings	-	3.00%
Min Deposit $100 Min Balance $5,000 Details New Money is defined as funds that are not on deposit in any MCU account at the time the account with the New Money requirement is opened. The New Money requirement may be satisfied by: (1) making a deposit of New Money directly into an account bearing a New Money requirement; or (2) making a deposit of New Money into a savings or checking account and transferring the New Money into the account bearing the New Money requirement within seven (7) days of the date of deposit. Funds transferred into an account bearing a New Money requirement from any MCU account after seven (7) days from the date of deposit will not be eligible to satisfy the New Money requirement. Until the New Money Requirement is met, dividends on the Average Daily Balance in the High Yield Savings Account will accrue at the same dividend rate and APY as the Hero Savings Account with the corresponding Minimum Balance to earn the stated APY for the Hero Savings Account. Once the New Money Requirement is met, there is no minimum balance required to earn the posted High Yield Savings APY and, after the New Money Requirement is met, any High Yield Savings Account balance will earn dividends at the posted High Yield Savings APY. Funds that are not New Money may be transferred or deposited into the High Yield Savings Account, but those funds will not count towards the New Money Requirement. There are no Account specific fees. Standard fees applicable to MCU membership and deposit accounts apply. Fees may reduce earnings. Last Updated 10/09/2026 Rate History No change since Sep 29, 2026 · 3.00% APY · checked 4 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%
Hero Savings	-	0.05%
Min Balance $50,000 Details The disclosed Dividend Rates and Annual Percentage Yields are accurate as of the last dividend declaration date. These are variable rate accounts and the rate may change after the account is opened. Fees and other conditions could reduce earnings. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 0.05% APY · checked 8 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%

Municipal Credit Union Money Market Rates

Product	Rate	APY	View More
Money Market	-	2.02%
Min Balance $100,000 Details The disclosed Dividend Rates and Annual Percentage Yields are accurate as of the last dividend declaration date. These are variable rate accounts and the rate may change after the account is opened. Fees and other conditions could reduce earnings. For Money Market Accounts: The dividend rate and Annual Percentage Yield (APY) may change weekly as determined by Municipal Credit Union. Last Updated 10/09/2026 Rate History No change since Sep 14, 2026 · 2.02% APY · checked 8 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%

Municipal Credit Union Mortgage Rates

Product	Rate	Points	APR	Term	View More
5/6 Adjustable Rate Mortgage	5.625%	0	8.15%	30 year
Details Intro rate expires: 10.04.23; Rate is applicable to loans secured by a 1-2 Family home which is the principal residence of the borrower(s). Different rates may apply for loans secured by Co-ops, Second/Vacation homes and 3-4 Family homes and loan amount. Rates may be higher based on applicant's creditworthiness. Rates and terms are subject to change without notice. Certain restrictions may apply. The initial rate is current as of 7/21/23 and is the Credit Union's best rate. Rates and terms may vary depending on loan to value ratio, credit evaluation and underwriting requirements. After the fixed rate period, your interest rate will adjust up or down according to market rates at the time of reset. PMI=Private Mortgage Insurance. Flood and/or property hazard insurance may be required. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. Membership is required. Last Updated 10/09/2026 Rate History No change since Oct 9, 2026 · 8.15% APR · checked 3 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%

Municipal Credit Union Personal Loan Rates

Product	APR	Term	View More
Personal Line of Credit (PLOC)	12.00%
Details Published APR range: 12.00%-17.50%. As low as 12.00% to 17.50%. APR may increase or decrease based on changes in the Prime Rate. PLOC Amounts: $250-$25,000; MINIMUM PAYMENT: The greater of: 3% of the outstanding balance, or $20, plus any past due amounts.; PAYMENT DUE DATE: 25th of each Month; FEES: Annual Fee: $0; Late Payment Fee: $25; Returned Payment Fee: $10; BILLING RIGHTS: You have the right to dispute billing errors. Notify MCU in writing within 60 days after the statement date. Last Updated 10/09/2026 Rate History No change since Oct 9, 2026 · 12.00% APR · checked 3 times Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 8.74%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Financial Health History

Municipal Credit Union’s Texas Ratio rose from 7.05% in Q3 2023 to 8.74% in Q2 2026, so its financial health has held steady at a healthy level over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier; the green zone below the amber 15% line is where a credit union must stay to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy limit (green zone below = healthy)

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$5.2B	8.74%	5.0	A
March 31, 2026	$5.1B	6.65%	5.0	A
December 31, 2025	$4.9B	8.03%	5.0	A
September 30, 2025	$4.7B	7.30%	5.0	A
June 30, 2025	$4.6B	6.52%	5.0	A
March 31, 2025	$4.6B	6.07%	5.0	A
December 31, 2024	$4.5B	8.38%	5.0	A
September 30, 2024	$4.4B	7.60%	5.0	A
June 30, 2024	$4.3B	7.96%	5.0	A
March 31, 2024	$4.4B	7.76%	5.0	A
December 31, 2023	$4.2B	8.19%	5.0	A
September 30, 2023	$4.2B	7.05%	5.0	A

Source: NCUA 5300 call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Municipal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Municipal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Municipal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Municipal Credit Union

Website https://www.nymcu.org

Address 22 Cortlandt St, New York, NY 10007-3107

Phone 212-238-3300

Fax

President Thomas Canty

CEO Kyle Markland

Full-Time Employees 675

Part-Time Employees 20

Branch Locations 15

ATM Locations 15

NCUA Insured ✓ Yes, up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A (96/100)

Texas Ratio

8.74%

Return on Assets (ROA)

0.7012%

Return on Equity (ROE)

6.1974%

Non-Performing Loans Ratio (NPL)

1.66%

Total Assets

5,178,242,951

Total Amount of Shares and Deposits

4,538,659,598

Total Shares and Deposits < 1 Year

4,471,701,419

Total Shares and Deposits 1 3 Years

66,729,532

Total Shares and Deposits > 3 Years

228,647

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

246,861,827

Total Uninsured Shares and Deposits > $250K (F+J)

246,861,827

Total Insured Shares and Deposits > $250K (item 17 less item K)

4,291,797,771

Total Interest Expense (Sum of items 6 8)

23,489,100

Share Certificates

42,665

Number of Accounts for Share Drafts

424,098

IRA KEOGH Accounts

6,299

Number of Accounts for Regular Shares

755,778

All other shares

7,382

Money Market Shares

8,055

Net Income (unless the amount is already included in Undivided Earnings)

36,308,511

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Well Capitalized

Net Worth Classification if credit union is a new credit union

Well Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

567,863,777

Total Liabilities

4,646,687,659

Source: NCUA — Last Updated 06/30/2026

Q2 2026 MBR Health & Safety Badge

Municipal Credit Union earned the Verified Healthy badge

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Frequently Asked Questions About Municipal Credit Union

How many branches does Municipal Credit Union operate?

Municipal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Municipal Credit Union?

Yes, to access services at Municipal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Municipal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Municipal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Municipal Credit Union offer online and mobile banking?

Most modern institutions like Municipal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.nymcu.org.