Montgomery County Employees Federal Credit Union continues multi-year growth trajectory, surpasses $100 million in assets
MC EFCU attributes growth to increased efforts to make members aware of credit union’s wide range of service offerings, expanded marketing, mobile and online banking growth
GERMANTOWN, MD (July 1, 2014) — Montgomery County Employees Federal Credit Union (MC EFCU), a Montgomery County, Md.-based full-service financial institution, recently surpassed $100 million in assets, marking a milestone in the credit union’s history.
MC EFCU, which primarily serves Montgomery County government employees, along with members from a variety of other local agencies, has enjoyed substantial growth over the past five years. The credit union’s assets grew 38 percent from June 30, 2009 to June 30, 2014, compared to a 7 percent growth period for the previous five years. MC EFCU attributes its growth primarily to the quality of its staff and their commitment to providing exceptional member service. MC EFCU has also focused on increasing member awareness of the credit union’s broad-based service offerings, improved technology, and the introduction of high quality mobile and online banking services.
“We’re excited to reach such a significant milestone, as it really validates the many efforts we have been making to ensure our members have the best possible range of services and financial products available to them,” said Jim Norris, MC EFCU CEO. “We’re proud of the progress we’ve made and we have plans for the addition of more value-added services, in the months ahead.”
Montgomery County Employees Federal Credit Union primarily serves Montgomery County government employees and recently expanded its charter to be able to serve additional public sector employees, retirees and family members from other Montgomery County agencies, including Montgomery County Public Schools and Montgomery College. MC EFCU also provides an opportunity for membership to individuals who are supporting members of the non-profit ARC of Montgomery County. For more information about the Montgomery County Employees Federal Credit Union, visit www.mcefcu.org.
About Montgomery County Employees Federal Credit Union:
Montgomery County Employees Federal Credit Union offers its members a comprehensive portfolio of banking products and services. MC EFCU provides all of the conventional products and services an individual expects from a financial institution, but also provides its members with access to the latest state-of-the-art products and services. Mobile banking, text banking, on-line banking and bill pay, are just some of the cutting edge financial services MC EFCU offers to its members. MC EFCU serves the employees of government agencies in Montgomery County, Md., as well as those from a number of other area organizations and companies. Visit: www.mcefcu.org for more information.