Metro Realtors Federal Credit Union

What Metro Realtors Federal Credit Union does

Metro Realtors Federal Credit Union is a federally chartered, NCUA-insured, not-for-profit financial cooperative founded in 1972 and headquartered on Long Island (West Babylon/Melville, NY). Its field of membership is restricted by charter to New York State licensed REALTORS and their immediate family members, which defines both its addressable market and its structural identity as a single-occupational credit union. The institution is member-owned, charges no membership fees, and operates with a headcount in the 51-100 range from a single office location.

The credit union offers a standard consumer banking product set: share savings, checking, certificates of deposit, money market accounts, youth savings, auto loans, RV and boat loans, personal loans, residential mortgages, and credit cards. Its digital channel is built on the HomeCU online and mobile banking platform, which was enhanced in May 2025 with one-time password (OTP) authentication for improved login security. Service reach beyond the single branch is delivered through the Co-Op shared branching and ATM network, providing members with nationwide surcharge-free access points without requiring the credit union to invest in a multi-branch footprint.

The business model is the conventional credit-union cooperative model: net interest income generated on the loan portfolio (auto, mortgage, RV/boat, personal, credit card), augmented by fee income on deposits and lending products, returned to members via competitive deposit rates and loan pricing rather than to outside shareholders. There are no membership fees, and surplus is reinvested into product, technology, and member services. The structural constraint of the NY-REALTOR field of membership simultaneously concentrates the customer base (raising concentration risk) and protects it from direct competition from larger, broader-charter institutions.

Name

Metro Realtors Federal Credit Union

Legal name

Metro Realtors Federal Credit Union

Website

https://mrfcu.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

51–100 employees

Short description

Metro Realtors Federal Credit Union is a federally chartered, NCUA-insured, member-owned credit union founded in 1972 that serves New York State REALTORS and their immediate families with consumer deposits, consumer and mortgage loans, digital banking, and shared-branching network access from a single Long Island office.

Ownership category

akta.pro rank

Product category

Credit Union Banking

NAICS

Credit Unions (522130), Credit Card Issuing (522210)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Employer/Occupational Credit Unions (FSABAEAB)

akta.pro secondary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

Keywords

• Credit union banking
• Consumer lending
• Deposit accounts
• Mortgage loans
• Digital banking services

Headquarters

HQ city

West Babylon

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income on Loans: Primary revenue stream from interest charged on various loan products including auto loans, mortgages, personal loans, RV/boat loans, and business loans. Rates vary by loan type and term length.
2. Fee Income: Various service fees including NSF fees ($25), stop payment fees, wire transfer fees, and other account-related charges. Also includes foreign transaction fees on Mastercard debit cards (0.90% fee plus 0.20% currency conversion).
3. Investment/Dividend Income: Returns on investment of member deposits in certificates of deposit and money market accounts generate spread income between lending rates and savings/dividend rates.
4. Credit Card Fees: Revenue from credit card transactions including interchange fees and potential annual fees or interest charges on revolving balances.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Metro Realtors Federal Credit Union is a member-owned, nonprofit cooperative financial institution that provides deposit accounts (share savings, checking, CDs, money market, youth savings), consumer and mortgage loans (auto, RV, boat, personal, debt consolidation, share-secured, first mortgage, home equity, investor property), Mastercard credit and debit cards, and business banking services tailored to REALTORS. It also delivers digital banking via the HomeCU online platform and iOS/Android mobile apps, with nationwide access through the Co-Op shared branching and ATM network.

Product overview

Metro Realtors Federal Credit Union operates as a member-owned, nonprofit cooperative financial institution serving REALTORS and their immediate family members in New York State. The product portfolio centers on traditional banking services including share savings, checking (share draft), certificate of deposit, premium money market, and youth savings accounts. Lending products span auto loans (new and pre-owned), RV and boat loans, personal loans, debt consolidation, share-secured loans, first mortgages, home equity, and investor property loans. Credit and debit card services are offered through Mastercard. Digital banking is delivered via the HomeCU online banking platform and MRFCU mobile banking app, with features including E-statements, remote check deposit, direct deposit, payroll deduction, and a skip-a-payment program. Business accounts are specifically designed for REALTORS. All products are federally insured through the NCUA.

Differentiator

Problem solved

Functional benefit

Products and services

• Share Savings Account A share savings account establishes membership in the credit union with a minimum $25 deposit, offering competitive yields and unlimited deposits and withdrawals; members become part-owners of MRFCU upon opening.
• Share Draft (Checking) Account Free checking account with no minimum balance, no maintenance fees, no direct deposit requirement, including a free Mastercard Debit Card usable at over 30,000 surcharge-free ATMs nationwide.
• Certificate of Deposit (CD) Certificate of Deposit accounts that lock in competitive interest rates for the entire term, providing a secure, NCUA-insured deposit option for members.
• Premium Money Market Account High-yield savings account with check-writing capability (up to 6 withdrawals per month), requiring a $25,000 minimum balance to earn the advertised interest rate.
• Smart Starts Early Youth Savings Account Youth savings program for minor relatives up to age 21 of credit union members, earning 5.00% APY on the first $2,500 with no overdraft allowed; parental or custodial co-holder required for minors under 16.
• Business Accounts Business accounts designed for REALTORS offering savings, CDs, checking, nationwide ATM access, shared branching, debit cards for authorized signers, mobile banking, and remote check depositing with no maintenance or service fees.
• New Auto Loans New vehicle loans with terms from 48 to 96 months and rates as low as 5.75% APR, with per-thousand borrowing rates varying by term length.
• Pre-Owned Auto Loans Used vehicle loans with terms from 48 to 84 months and rates as low as 6.25% APR, providing financing options for pre-owned car purchases.
• RV Loans Recreational vehicle loans with up to 12-year terms, rates as low as 7.00% APR for new RVs and 7.50% APR for used RVs.
• Boat Loans Boat financing with up to 12-year terms, rates as low as 6.25% APR for new boats and 6.75% APR for used boats.
• Personal Loans Unsecured personal loans ranging from $2,500 to $12,000 with terms up to 84 months and rates as low as 9.24% APR depending on amount and term.
• Debt Consolidation Loans Loans up to $20,000 for debt consolidation with terms up to 84 months and rates as low as 10.24% APR.
• Share-Secured Loans Loans secured by the member's share savings balance at rates as low as US Prime minus 1.5% APR, with terms up to 60 months.
• First Mortgage Loans First mortgage products including 15-year fixed (5.50% APR), 30-year fixed (6.50% APR), and 40/30 balloon fixed (6.50% APR) options at 80% LTV.
• Home Equity Loans Home equity financing with 30/10 and 40/10 balloon options at 65% CLTV, with rates at US Prime minus 0.5% APR.
• Investor Property Loans Investment property loans with 18-month interest-only terms, up to $300,000 maximum, at 50% LTV with interest-only payments of $8.33 per thousand at 9.99% APR.
• Credit Cards Credit union credit cards with credit lines up to $25,000, competitive variable rates, and a 25-day grace period on purchases; applications available by phone or online.
• Mastercard Debit Card Mastercard-branded debit/ATM card providing access to over 30,000 surcharge-free ATMs nationwide, point-of-sale purchases, and 24-hour account access with security protections against fraud.
• HomeCU Online Banking Web-based digital banking platform enabling members to view account balances, transaction history, download E-statements, request transfers, and manage accounts 24/7 via personal computer.
• MRFCU Mobile Banking App Mobile banking application for iOS and Android devices enabling check deposits via smartphone camera, balance viewing, E-statement access, and fund transfers on-the-go.
• 18 Month CD for New Members Special certificate of deposit for new members with a maximum deposit of $10,000 earning 4.00% APY, designed as an introductory savings product.

Quantifiable outcome

• 5.00% APY on youth savings accounts for balances up to $2,500 for members ages 0-21
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature4 records

Scale indicators3 records

Recent moves1 record

Expansion highlights3 records

Direct peers

• Wings Financial Credit Union: Occupational federal credit union serving aviation employees and their families. Closely aligned occupational FCU model with member-owned structure and federal charter, making it a strong benchmark for how occupational credit unions scale product offerings and digital channels.
• Police and Fire Federal Credit Union: Occupational federal credit union serving police and fire professionals. Directly comparable business model: occupational field of membership, member-owned cooperative, federal NCUA charter, and similar product suite including consumer loans, mortgages, and credit cards.
• Bethpage Federal Credit Union: Long Island, NY-based federal credit union serving Long Island residents with comparable deposit, lending, and digital banking products. Most direct geographic peer with overlapping Long Island member base and similar scale, making it the closest head-to-head competitor for NY-area REALTORS.
• First Tech Federal Credit Union: Occupational federal credit union serving technology industry employees. Comparable business model with member-owned cooperative structure, federal charter, occupational field of membership, and a similar emphasis on consumer lending and digital banking for a professional membership base.
• Teachers Federal Credit Union: Long Island, NY-based occupational federal credit union serving educators and school employees. Closest comparable on occupational FCU model with similar scale, federal charter, and Long Island geography, making it directly relevant for benchmarking occupational membership strategies.

Broad incumbents

• Alliant Credit Union: Large community credit union offering similar consumer deposit, lending, and credit card products with strong digital banking capabilities. Broader membership base than MRFCU but overlapping product suite and competitive pricing on savings/CDs — relevant for benchmarking digital member experience.
• Digital Federal Credit Union (DCU): Community credit union with strong digital banking capabilities. Comparable product suite including consumer loans, mortgages, and digital banking channels, with significantly larger scale and a more mature digital platform — a useful benchmark for MRFCU's digital roadmap.
• Connexus Credit Union: Large community credit union providing deposit, lending, and digital banking services. Overlapping product mix with significantly larger scale and broader geographic reach, useful for understanding competitive pressures from larger well-resourced credit unions.

Regional players

• ESL Federal Credit Union: Rochester, NY-based federal credit union. Regional New York State credit union with comparable product offerings (consumer lending, mortgages, digital banking) though different geographic focus within the state, useful for benchmarking NY-state federal CU operations.
• Apple Bank: Long Island and New York City-based community bank. Regional competitor in the same Long Island/NY metro market with comparable consumer and business banking products, representing the commercial bank alternative MRFCU competes against for REALTOR deposits and loans.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/lirfcu
• Xx.com/MetroRealtorFCU

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Metro Realtors Federal Credit Union