MAMTA FEDERAL CREDIT UNION


Main Content

MEMBERSHIP
To join MAMTA, one must:

  • be an employee of the Mamaroneck or Rye Neck school system. (Immediate family members may also have accounts.)
  • fill out membership application, deposit a minimum of $50 in your savings (share) account and provide a government photo identification.

SAVINGS (SHARES)
Two types of savings alternatives are offered to MAMTA members, regular shares and certificates of deposit.
Current CD Share -1% (not offering CD's at this time)
Current Saving Share -1.25%

  • Regular savings are termed shares because they represent a member’s share of ownership in the credit union. Dividends are paid quarterly.
  • Certificates of Deposit are offered periodically at the discretion of the Board of Directors. Members will be notified of their availability

PROTECTING YOUR MONEY

  • All savings accounts are insured to a maximum of $250,000. This protection is provided by the National Credit Union Administration (NCUA).

  • A reserve fund, required by law, is maintained to protect the credit union against loss due to bad loans.

  • An independent auditor examines our records and procedures at regular intervals to insure we operate in accordance with federal regulations and local bylaws. The NCUA examines all books and records annually.