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Officials welcome first Municipal Credit Union in southern Queens

Municipal Credit Union top leaders gather with elected officials for a ribbon-cutting ceremony at the first southern Queens branch. Photo by Karen Frantz
TimesLedger Newspapers

New York’s oldest credit union is opening its first branch in southern Queens.

Municipal Credit Union, which has over 325,000 members and holds $1.7 billion in assets, held a ribbon-cutting opening ceremony on Friday at its new branch at 134-66 Springfield Blvd.

The full-service branch is the second in Queens, with the other located in Elmhurst. It is also the first to offer an e-banking center where members can conduct bank transactions, check their accounts and apply for loans.

“I’m so pleased this branch is here,” said City Councilman Leroy Comrie (D-St. Albans), an MCU member, at the ceremony.

“I know that this branch will be heavily populated, well used, and that you will get new accounts coming in on a regular basis here,” he said.

MCU offers memberships to city, state and federal employees who work in the five boroughs, and other select industry groups are also eligible.

The credit union will also be able to provide its members with lower interest rates on loans than most regional financial institutions.

Reach reporter Karen Frantz by e-mail at or by phone at 718-260-4538.

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Reader Feedback

Monica Clarke from Queens says:
I was unable to receive a direct deposit. I kept calling and couldn't get through I realized that it was due to the hurricane which we all had no control. I decided to go to the MCU Branch on Springfield. This was the second time that I visited the branch, and before I continue I must say thank God, through His Son Jesus Christ, for the wisdom that he gave someone to open this branch. It's a God send. Back to my subject. The workers at the bank appeared to be quite efficient and professional. My main reason for the comment was that I quite impressed for the voice message I received on Sunday explaining the reason for the delay and telling the MCU customers that the staff at MCU are sorry for any damage that may have occurred to anyone due to the hurricane. It was quite touching to me. I thank the Lord that my home was protected. However, I have relatives, friends, who were affected. We were all affected in some form, but our prayers are offered up to God, through Jesus Christ for the entire country. It was devastating. However, we have to continue to ask the Lord to guide, guard and protect us all. Let us all remember that Jesus Christ return is soon. We are seeing all signs and wonders. Those who have not accepted the Lord as their personal savior do it now.
MCU Staff keep up the good works, and may the Lord grant you all strength and endurance to deal with the public.
Nov. 6, 2012, 5:09 am

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