Sep, 30, 2025 — MUNICIPAL CREDIT UNION (MCU) is a federally insured state chartered credit union headquartered in NEW YORK, NY with 15 branch locations and about $4.68 billion in total assets. Opened 109 years ago in 1917, MUNICIPAL CREDIT UNION (MCU) has about 636,774 members and employs 658 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MUNICIPAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 22 Cortlandt St NEW YORK, NY 10007-3107 |
| Phone: | (212) 238-3300 |
| Fax: | |
| Website: | https://www.nymcu.org |
| Branches: | 15 branch locations |
| Members: | 636,774 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60153 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1917 |
| Last Audited: | Jun 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,679,237,109 |
| CEO/Manager: | Kyle Markland |
| Chairperson: | Thomas Canty |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 458,611,574 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,698,210,949 |
| Unsecured Loans | 755,332,240 |
| Other Loans | 562,311,241 |
| TOTAL LOANS | 3,015,854,430 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -55,897,749 |
| Land And Building | 0 |
| Other Fixed Assets | 22,476,918 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 37,811,540 |
| All Other Assets | 218,867 |
| TOTAL ASSETS | 4,679,237,109 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 949,869 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 114,659,653 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 752,212,406 |
| Regular shares | 2,546,004,387 |
| All Other Shares & Deposits | 786,735,443 |
| TOTAL SHARES & DEPOSITS | 4,084,952,236 |
| TOTAL LIABILITIES | 4,200,561,758 |
| Regular Reserve | 0 |
| Other Reserves | -55,987,620 |
| Undivided Earnings | 534,662,971 |
| TOTAL EQUITY | 478,675,351 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,679,237,109 |
| INCOME & EXPENSE | |
| Loan Income | 140,135,655 |
| Investment Income | 31,025,426 |
| Other Income | 26,684,323 |
| Total Employee Compensation & Benefits | 69,331,521 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 71,904,647 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,987,084 |
| Cost of Funds | 22,204,146 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 39,214,935 |
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