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New Specialized Business Accounts

September 10, 2015

Mid-Atlantic Federal Credit Union New Specialized Business Accounts
Aim to Improve Efficiency of Financial Services for Area Businesses

Germantown – To complement its existing Business Checking services, on September 1, 2015, Mid-Atlantic Federal Credit Union (MAFCU) launched four brand new checking account programs to match the ever-changing needs of area businesses.  MAFCU's new Commercial, Analysis, Professional, and Non-Profit Checking account programs meet the needs of businesses based on their transactional behaviors and helps business members improve their operating efficiencies.

"At MAFCU, our goal is to help our local economy grow through innovation and access to capital," states MAFCU CEO Andrew Russell.  "By providing our business members with specialized checking services designed with the financial behaviors of their business in mind, we aim to create value, and help them improve their operating efficiencies.  That way, our business members will have the ability to reinvest their energies into the growth, rather than the maintenance of their businesses."

MAFCU's new checking accounts programs are designed to meet the unique needs of any business, from smaller professional firms and nonprofits to  those businesses with mid-to-high transaction volumes.  "At MAFCU, we understand that some firms (or industries) have complex financial and operational challenges that can't be met by generic banking solutions.  We have created the Professional Service account designed specifically for CPAs, Healthcare practices and Attorneys," said Senior Vice President of Middle Market Relationships, Terrell Taylor.  Also included in the new suite of checking account programs is the Nonprofit Account.  This interest bearing account offers nonprofit members a special program that enables the organization to raise money or supplement their fundraising efforts on an on-going basis.

For more information on the new business accounts at MAFCU, go to www.mafcu.org, or contact Brittany Hilton at bhilton@mafcu.org.

 

About MAFCU:
Based in Germantown, Md., Mid-Atlantic Federal Credit Union (MAFCU) is a not-for-profit institution managed for the sole benefit of its members, and offers many financial services at better rates and fees. Profits are returned to MAFCU members in the form of higher savings rates, lower loan rates, and lower fees. Members have access to over 75,000 free ATM's nationwide.  MAFCU currently has over 24,000 members and over $270 million in assets. Membership is open to anyone who lives, works, worships, or attends school in Montgomery Country, Maryland. For more information, please visit www.mafcu.org, email mafcu@mafcu.org or call: (301) 944-1800.

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