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Municipal Credit Union (MCU) is a state chartered credit union headquartered in New York City, regulated under the authority of the National Credit Union Administration (NCUA). MCU is metro New York's largest credit union. As of 2018, MCU had $2.68 billion in assets. It has approximately 425,000 members and 18 branches. History
Banking in theUnited States. Credit unions in the United States served 100 million members, comprising 43.7% of the economically active population, in 2014. [1] [2] U.S. credit unions are not-for-profit, cooperative, tax-exempt organizations. [3] The clients of the credit unions become partners of the financial institution and their presence ...
A credit union is a member-owned nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks, such as share accounts ( savings accounts ), share draft accounts ( cheque accounts ), credit cards, credit, share term certificates ( certificates of deposit ), and online banking.
Founded in 1945, RTN is one of the ten largest credit unions in Massachusetts, with more than $860 million in assets, nearly 50,000 members and 19 community and worksite branches.
Both Achieve and Municipal Credit Union have personal loans up to $50,000. However, Achieve has a high minimum loan amount of $5,000 compared to MCU’s $1,000 minimum.
WALTHAM, MA – RTN Federal Credit Union announced Monday its merger with Hudson Municipal Employees Federal Credit Union. The merger was approved last week by members of Hudson (HMEFCU)...
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