Who is Montgomery County EFCU?

Montgomery County EFCU (MC EFCU) is one of the premier financial institutions, serving Montgomery County, MD and beyond. As a Credit Union, MC EFCU offers its members a wide array of financial services, supported by the best in technology, and offering the best value by leveraging the cooperative, not-for-profit structure of a credit union.

Credit Unions Other Financial Institutions
Not-for-profit cooperatives For-profit enterprises
Owned by members Owned by outside stockholders
Profit returned to members Profit paid to outside stockholders
Operated by mostly volunteer boards Controlled by paid boards

MCEFCU History

1968 MC EFCU is established to serve the financial needs of Montgomery County, Maryland government employees. The Credit Union begins with one employee and is located in Montgomery County's Council Office Building (COB).
1974 Due to the steady growth of the Credit Union and the demand for additional financial services, MC EFCU outgrows its space at the COB facility and it moves to 64 Court House Square.
1991 The Credit Union relocates its Rockville branch to 20 Courthouse Square, where it still remains today.
2008 A new corporate headquarters and branch opens in Germantown, MD. Assets have surpassed $70 million.
2016 The credit union continues to grow and assets are over $110 million.

Mission Statement

Montgomery County EFCU is a member-owned, not-for-profit financial institution, dedicated to serving Montgomery County government employees, local employee groups, and their families.

Our mission is to help make banking simple for our members and to provide the best possible financial services to meet their needs by:

  • Offering competitive services in a professional and friendly environment.
  • Promoting thrift and encouraging sound personal asset management.
  • Maintaining the financial integrity of the organization and protecting the members' assets placed in our care.

Board of Directors and Supervisory Committee  

MC EFCU is fortunate to have a strong, all-volunteer, Board of Directors and Supervisory Committee with backgrounds in both the public and private sectors. The Board of Directors, elected by the membership, guides the credit union in its direction and decisions. A Director's term is three years.

Board of Directors
Melvin Tull Chairman 
Richard (Bryan) Hunt Vice Chairman
Chris Gillis Secretary 
Joseph N. Sparacino Treasurer 
Rosser L. Campbell, Jr.  Assistant Treasurer 
James A. Fenner, Jr.  Security Officer 
Jay Pollack  Membership Officer 
Annette Luyegu  Assistant Security Officer 
Justina Ferber Assistant Secretary