What's New

Federal Regulation changes regarding Overdraft Privilege Pay
Special Balance Transfer Offer for MAFCU Visa Platinum
Deposits Insured up to a Total of $500,000*
MAFCU in the Press


     

Important Information Regarding Overdraft Privilege Pay Service for ATM and Everyday Debit Card Transactions

Federal Regulations that go into effect July 1, 2010 will affect the Overdraft Privilege Pay service that many members have available on their checking account.

Members will now have an option as to whether they want to continue to have our overdraft service cover their ATM and everyday debit card transactions.

For existing accounts, if you do not opt-in prior to August 15, 2010, Mid-Atlantic FCU will deny everyday debit card transactions if you do not have sufficient funds to cover them. Additionally, if you do not opt-in prior to August 15, 2010, ATM withdrawals will only be allowed if you have the funds available in your account at the time the withdrawal is requested (subject to daily ATM withdrawal limits).

For new accounts, if you open a new account on or after July 1, 2010, your ATM and everyday debit card transactions will not be protected under Mid-Atlantic FCU's Discretionary Privilege Pay service unless you opt in.

Why opt in? Mid-Atlantic FCU's Discretionary Privilege Pay service is designed with your protection and convenience in mind. Life doesn't always go according to plan and sometimes overdrafts do occur. Without overdraft protection, your ATM and everyday debit card transactions may be declined if you attempt to make a transaction without sufficient funds and you have not opted in. 

How do I opt in? You can opt in several ways:

• Click here to print out the opt in form, fill it out and mail it to Mid-Atlantic FCU, Attn: Privilege Pay Administrator, P.O. Box 2270, Germantown, MD 20875 or bring it into a branch.
• You can also call our Member Service Center to opt-in over the phone or email them at mafcu@mafcu.org.
• Or, you can log into Online Banking, click on Secure Forms, and submit the opt in form online.  

Make Your Warm Weather Wishes Come True!

Save Money by transferring your balances to the MAFCU VISA Platinum card and Earn a 1% Rebate on Balance Transfers up to $5,000*!

The warm weather months are here and with them come vacations, home improvements, baseball games and other summer dreams. Don't keep putting your dreams off - make them come true today with your MAFCU Platinum VISA card. If you have a high interest credit card with another financial institution or credit card company, consider transferring your balance to our lower interest VISA. With the money you'll save, you can have even more fun this summer!  Click here for further details and to access the Balance Transfer Form.

The Board of Directors Election will take place during our Annual Meeting on July 21, 2010 at 6:00pm in the Community Room at our headquarters (12820 Wisteria Dr., Germantown, MD).  Click here to view the slate of candidates that have been nominated by the Nominating Committee.

Deposits Insured Up to a Total of $500,000!

The National Credit Union Administration, a government agency, now federally insures your deposits up to $250,000. In addition, MAFCU provides private insurance for another $250,000 through Excess Share Insurance, Inc., a private company. This combination provides you with up to $500,000 of deposit insurance for a single account. Joint owners or adding beneficiaries may even extend insurance further. Check out the federal insurance calculator here to see how you can structure your accounts to receive maximum coverage. You can also learn more about our additional private insurance here.