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.
