Get to Know MAFCU

There's simply no better place to help manage your finances in Montgomery County, Maryland than at Mid-Atlantic Federal Credit Union (MAFCU) - and virtually anyone can. Consumers and businesses that are part of this community save more - and earn more - with MAFCU loans, savings and checking accounts, which offer better rates and fewer fees than those at other financial institutions.

MAFCU is a not-for-profit financial cooperative managed for the sole benefit of our members. Our volunteer Board of Directors and professional management team work hard to make sure MAFCU is "better than your bank" and help every member achieve their financial goals.

Founded in 1968, MAFCU has always done what’s best for our members, so we've avoided some of the risky lending practices that have hurt many of our "big bank" competitors. We remain strong, stable and financially secure. We are also federally insured so you can trust that your money is safe with us.

And because we're a community credit union, we give back to Montgomery County by supporting local causes, offering innovative financing solutions to our neighbors, and sponsoring free educational programs for both consumers and businesses.

Best of all, joining MAFCU is simple. Membership is open to individuals who live, work, worship, or attend school in Montgomery County, as well as their immediate family members and local businesses. A $5 deposit into a MAFCU savings account is all you need.


Annual Reports

For more information on Mid-Atlantic Federal Credit Union (MAFCU), please view our Annual Reports.

2022 Annual Report

2021 Annual Report

2020 Annual Report

2019 Annual Report

2018 Annual Report

Financial Statements

July 2023

June 2023

May 2023

April 2023

March 2023

February 2023 

January 2023

December 2022

November 2022

October 2022

September 2022

August 2022

July 2022

June 2022

May 2022

April 2022

March 2022

February 2022

January 2022

Members of the Executive Team

  • Bill Brooks, President and CEO
  • Tamara Schiavone, SVP, Chief Financial Officer
  • Charlie Cha, SVP, Chief Information Officer
  • Alan Speck, SVP, Chief Lending Officer

Board of Directors

  • Randy Scritchfield
  • Allen P. DeLeon, CPA
  • John G. Boothe
  • Wynn Watkis
  • Katherine Wellner
  • Robert Roop
  • Anthony Spearman-Leach 

Supervisory Committee

  • Anthony Spearman-Leach
  • Shane Rock
  • Jerry Zillion
  • Stephanie Hubbard
  • Roger William Hard
  • Olive Idehen