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Montgomery County Employees Federal Credit Union Surpasses $100 Million in Loans

Wed, Dec 20, 2017

Germantown, Maryland

Montgomery County Employees Federal Credit Union (MC EFCU), a full-service financial institution, recently surpassed $100 million in loans, marking a milestone in the credit union’s history. MC EFCU, which primarily serves Montgomery County government employees, along with members from a variety of other local businesses, has enjoyed substantial and continued growth over the past decade. The credit union’s loans doubled in volume from 2012 to 2017, with a large upswing in loan growth taking place after 2014.

“We’re excited to reach such a signifcant milestone, as it really validates the many efforts we have been making to ensure our members are served well by our lending products,” said Jim Norris, MC EFCU CEO. “We’re proud of the progress we’ve made, and we have plans for the addition of more value-added services in the months ahead.”

MC EFCU attributes its growth primarily to the quality of its staff members and their commitment to providing exceptional member service, as well as staying competitive on loan rates with other financial institutions in the area. MC EFCU has made increasing member awareness of all lending products, along with enabling members to more conveniently and easily apply for loans, a key focus in recent years.

Sue Hoefs, MC EFCU’s lending director, added, “the MC EFCU team does a wonderful job of serving all of our members’ borrowing needs. It’s a pleasure to be a part of a team that is consistently seeking to be top-of-mind with our members and committed to making the loan process simple.”

MC EFCU continues to work toward achieving even greater loan growth into the 2018 fiscal year. With a competitive outlook in the current rate environment and the introduction of new loan products to members, MC EFCU is well poised to continue serving members’ borrowing needs.

About MC EFCU ( Montgomery County Employees Federal Credit Union is a leader in providing outstanding financial products and service to their members of all financial backgrounds. Founded in 1968 to serve the financial needs of Montgomery County Maryland Government Employees, MC EFCU has over the years expanded to include other employer groups, and is today a credit union with over $130 million in assets and serves more than 14,000 members.