The Municipal Credit Union is a member financial institution open to many New York State residents and their families. A credit union is a not-for-profit that is cooperatively owned by its members. MCU was started with handwritten ledgers in 1916 to offer New York City municipal employees a place to save and receive fair loans.

Today, MCU has 16 branches and nearly 590,000 members. With more than $4.2 billion in assets, the services that MCU offers include:

  • Loans
  • Credit cards
  • Checking and savings accounts
  • Insurance

MCU Bank Statement Template

For its checking account, FasTrack Checking, MCU sends e-statements. It offers a quarterly statement with its Share Accounts savings account. It provides digital and mobile app banking as well.

A bank statement summarizes all the transactions like deposits and withdrawals made over a specific period (usually monthly or quarterly).

The statement can include:

  • Deposits
  • Electronic transfers
  • Canceled payments and checks
  • Credits
  • Withdrawals
  • Payments and purchases
  • Withdrawals from ATM
  • Automatic payments
  • Bank fees
  • Dividends and interest earned

If you find any discrepancies, report them immediately. It’s paramount to check statements when they are received. It’s usually possible to dispute a transaction within 30 days.

Most financial institutions will send a paper copy if one is requested. Bank statements often are required by landlords to rent or by banks when obtaining a mortgage.

Banks usually keep account statements for five years. You could need one for a loan, a tax audit, or other reasons. The statements are typically free online. A charge may apply if you need the bank to provide a paper copy.

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