Montgomery County EFCU
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Membership FAQs


Q: What are the benefits of Credit Union membership?
A: As a credit union member you are not just a customer, you are an owner. Credit Unions offer similar services as banks, but since credit unions are not for profit and member owned fees and loan interest rates are typically lower.

Q: Can I become a member?
A: To become a member, you have to join the Credit Union. If you or any family member is associated with any of the eligible organizations, you are eligible to join the Credit Union.

Q: Are my deposits safe a Credit Union?
A: Yes! Each individual customer's account is insured by the NCUA up to $250,000 per account.

Q: Are members of my family eligible to join?
A: Yes! Any member of you family or household is eligible to become a member of MCEFCU if you are a member.

Q: If I am not associated with any organization on your Membership list, is there any other way to join?
A: Yes! Ask your employer to look into MCEFCU membership. If your employer is interested, ask your employer to call contact MCEFCU at 301-270-1964 and ask about your organization becoming a member.

Q: What do I have to do to join the Credit Union?
A: Once you have determined that you are eligible to join MCEFCU, you will need to become a member in order to use any of the products and services the credit union offers. To become a member all you need to do is open a Savings account with a minimum initial deposit of $5.00 ($5.00 must be maintained in this account at all times). Once this account is opened, you are then able to open or apply for all other credit union services. When you are ready to join, simply visit one of our branches.


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