PHILOSOPHY
A non-profit financial institution that is owned and operated entirely by its members. Credit unions differ from banks and other financial institutions in that those who have accounts in the credit union are its members and owners and they elect their board of directors in a one person one vote system regardless of their amount invested.

MAMTA has historically provided member service and is committed to helping members improve their financial situation.

MAMTA Federal Credit Union serves the employees of Mamaroneck and Rye Neck school districts and their families. MAMTA is a service-oriented financial institution offering personal and confidential assistance to its members. We are a neighborhood organization offering all the protections and resources of larger institutions. Like all credit unions, it is a group that saves money together and makes loans to its members at reasonable rates of interest. It is a not-for-profit corporation owned and operated by the membership which is chartered and supervised by the federal- government.

As a member of the Education Credit Union Council (ECUC), it also offers special loan rates  for educational purposes.

MAMTA strives to offer its members support in a number of ways: Each year we contribute to several educational scholarship funds for students in Mamaroneck and Rye Neck. We initiated the Alice Lampen scholarship which is awarded to a deserving Rye Neck student who is pursuing a business education program. MAMTA contributes to the Larchmont- Mamaroneck Student Aid Fund in the form of the Eugene A. Talgo Scholarship to a deserving Mamaroneck High School student. We also provide a yearly stipend to needy families in our community.