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 -0.75%

  • 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.