Student Plus Checking | Mid-Atlantic Federal Credit Union

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Student Plus Checking

SPLogoforWebsite.jpgStudent Plus Checking is designed to help actively enrolled students age 14 -20, save money, establish credit history, and learn about financial services. Students can open this account with an opening deposit of just $25. 


Open a Student Plus account today!
Simply fill out an online application, visit a branch or contact our Member Service Center at 301-944-1800.


¹ -  2% interest applies to dollars $0 - $500, 0.025% interest applies to amounts over $500.
² -  Minors must have a parent/guardian as a joint owner.  Students must show proof of enrollment. 
³ -  Loans to Student Plus members require signature of a parent or legal guardian as co-applicant. Student Plus member must be employed and have at least a 3.0 GPA to qualify for discount. Student Plus member and parent must bring proof of income.




Are you headed off to college or trade school in 2018?  Well MAFCU is pleased to announce a college scholarship opportunity to make it easier for you to meet tuition costs. The $12,000 Credit Union College Scholarship Program for 2018 is underway now!  College-bound members are eligible to apply for one of ten $1,000 essay-based scholarships - one $1,000 video-based scholarship; and one $1,000 photo-based scholarship.  And, yes, you may apply in all three categories!

Deadline for applications is March 31, 2018.  Scholarship winners will be announced in April 2018 on the Credit Union Foundation MD|DC's scholarship website:

This year's essay topic: "Describe the value found in credit union membership."

This year's video topic: "Create a 60-second credit union ad to attract young members (age 16 – 24)"."

Photo applicants are asked to capture and submit a photograph that represents the credit union core value, "Community."

Any member of MAFCU who is entering their freshmen through senior year of college or trade school may apply. 

"We're pleased to offer this opportunity for our young members," said Bill Brooks, CEO.  "The awardees receive needed financial assistance to help them meet their tuition expenses and the application topics stimulate innovative and useful responses to help us better serve our college-aged members."

Applications are accepted online at:


MAFCU, the Credit Union Foundation MD|DC, and its generous supporters partner to make this scholarship program possible.

Congratulation to MAFCU member, Scott Holmes for winning the 2017 CU Foundation Scholarship Award.


Deposit to Open Rate APY
$25.00  1.000% 1 0.025% 

11% interest applies to dollars $0 to $500. Regular interest rate applies to amounts over $500.

Print out generated 02/17/18, 2:29:03 PM, from the Mid Atlantic Federal Credit Union web site at