GERMANTOWN, Md.–Montgomery County Employees FCU said it has been granted a field of membership expansion by NCUA that permits it to serve all those who
live, work, worship, attend school or volunteer in the counties of Montgomery and Frederick in Maryland; the District of Columbia; and Alexandria, Falls Church, and Arlington County in Virginia.
“This is amazing news for us,” said Jim Norris, CEO of MC EFCU. “As an organization, we really took a look at how we could do more and reach more individuals in our communities.”
MCEFCU said coupled with its recent CDFI grant award and Juntos Avanzamos designation, the expanded FOM will help it provide better access to trusted financial services for underserved communities.
Previously, MCEFCU’s field of membership was limited to employees and family members of Montgomery County Government in addition employees of the credit union’s many select employee groups (SEGs).
‘Always the Core’
“The employees of Montgomery County government will always be at the core of our credit union,” said Norris. “However, we realized that our narrow field of membership restricted us from serving our diverse and changing community. This expansion will allow us to take our philosophy of making banking simple to more people. It is an exciting time for us.”
The $144-million MCEFCU has approximately 14,700 members.