July 14, 2016
By Tara Jessup
New York, NY – City and State government and all New Yorkers congratulate the Municipal Credit Union (MCU) for its 100 years of service. MLC has provided critical finsncial support to New York City’s civil service community since it's inception in 1916.
“It’s an honor to be part of the credit union’s Centennial Anniversary and help celebrate the generations of members in Brooklyn and throughout the New York City area who have counted on MCU to help them achieve their financial goals and aspirations,” said MCU Board of Directors First Vice Chair James Durrah. “As a long-time resident of Brooklyn, a city employee, and volunteer board member at MCU, I have seen the benefits MCU provides members from all vantage points, and it’s truly a blessing to celebrate the longevity of this institution.”
Called the Credit Union of Employees Conference Committee when it first opened its doors on October 15, 1916 in Manhattan’s Municipal Building, MCU has been growing ever since. Today, MCU serves more than 400,000 members.
The Municipal Credit Union is the oldest credit union in New York State and one of the oldest and largest in the country. MCU has assets of over $2.4 billion and offers a full range of financial services to its members. With branches in New York City, Westchester and Long Island, members also have access to the credit union’s large and growing ATM network. Eligibility to open accounts at MCU is available to New York City and Yonkers municipal employees; state and federal employees who work in the five boroughs; health care professionals who work in New York State; members of select industry groups; employees of private colleges in New York City and private and public colleges in Nassau, Suffolk, and Westchester; all students enrolled in a college, university, school, or institution in the City University of New York (CUNY) education system; certain family members, and qualifying retirees.