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|
|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.|
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|
|Richard (Bryan) Hunt||Vice Chairman|
|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|