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Now Expanding Consumer Account Services

September 2, 2015

Mid-Atlantic Federal Credit Union is Now Expanding Consumer Account Services to Address Changing Financial Needs of the Community

Germantown, MD - On September 1, 2015, Mid-Atlantic Federal Credit Union (MAFCU) launched a newly enhanced suite of consumer checking programs as part of its on-going effort to address the changing financial needs of residents in Montgomery County, MD and surrounding areas.  The newly released family of consumer checking programs include enhanced features within their existing Student Plus and Free Checking accounts, as well as brand new E-checking and Premier Checking account programs.

"We are pleased to offer these enhanced Consumer checking programs to our community," stated MAFCU CEO Andrew Russell.  "Our hope is that with these new consumer checking options, members will be able to find an account that best fits their life, their banking style, and their budget."  Additional features to the Consumer checking programs range from mobile check deposit to a bump-up rate on share certificates for members with a higher deposit relationship.  Programs, as described below, have been designed to address to the most current needs of members, even as young as 14.

Student Plus Program
Designed for actively enrolled students ages 14 and up, this checking program helps students save money, establish a credit history, and develop sound financial habits.  This program now also includes convenient mobile check deposit, so young members can easily make deposits into their accounts no matter where they are. This account earns competitive interest.

E-Checking Program
Brand new to the MAFCU Consumer Account suite, E-Checking is perfect for those who prefer to do most of their banking online, via smartphone or ATM.  This program saves members time and money with no monthly maintenance fees.  Only E-statements are available with the E-checking program. This account earns competitive interest.

Free-Checking
MAFCU's convenient and no cost Free Checking account has long been popular with members.  As an added feature to this account, Free Checking participants are now able to receive a 0.250% discount on Auto loans when set up with automatic payments.

Premier Checking
Ideal for those with higher checking balances, this brand new checking programs enables members to earn higher dividends and a 0.25% bump-up rate on share certificates.  Other benefits include no-fee traveler cheques and official checks.

For more information on the new Consumer Checking Programs and other financial services available at MAFCU, go to www.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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