User:Melwood Communications

Mid-Atlantic Federal Credit Union

Mid-Atlantic Federal Credit Union (MAFCU) is a not-for-profit financial cooperative that serves individuals who live, work, worship or attend school in Montgomery County, Maryland. A $5 deposit into a savings account constitutes a "share" in the Credit Union, which means even the smallest of depositors become a member and owner of MAFCU.

Since MAFCU is not-for-profit, it is managed for the sole benefit of members and offers many financial services at better rates and fees than other financial institutions. Profits are returned to members in the form of higher savings rates, lower loan rates, and lower fees.

MAFCU was founded in 1968 by a handful of IBM employees who wanted a better break on financial services. It was approved to serve the entire community in 2003.

Today, MAFCU serves more than 20,000 members with assets exceeding $210 million. It's headquarters are in Germantown, Maryland, with branches in Gaithersburg, Rockville and Silver Spring, as well as a shared branch network of 3,612 locations across the United States.

MAFCU's Chief Executive Officer is Rick Wieczorek, who took the helm in 2007.