Mid-atlantic Federal Credit Union

Rated star_ratedstar_ratedstar_ratedstar_normalstar_normal by Credit Guide
Review based on 12 criteria Rating: 3 out of 5

12820 Wisteria Dr, Germantown, MD 20874-2627

Website

(301) 944-1800

Data Source: NCUA, December 31, 2016


Mid-atlantic Federal Credit Union was founded in 1968. Headquartered in Germantown, Maryland, Mid-atlantic Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Mid-atlantic Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Mid-atlantic Federal Credit Union services 24,691 members through its 4 offices and branches and 71 full-time and 6 part-time employees. It has $310,085,226 of total assets and $18,507,864 of net worth. Based on its asset size and net worth ratio, Mid-atlantic Federal Credit Union is classified as a Adequately Capitalized medium large credit union.

Mid-atlantic Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Mid-atlantic Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Mid-atlantic Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Maryland and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Maryland
Median of USA
Checking
0.0500
0.0000
0.0000
Savings
0.0300
0.1500
0.1200
Money Market
0.1000
0.2600
0.2500
Certificate Deplit
0.3000
0.5750
0.5800
IRA
0.3000
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Maryland
National Median Rates
Credit Cards
10.0000
9.9900
9.9900
Unsecured Line of Credits
9.2500
10.8350
10.9500
Short-term Small Amount
n/a
21.9950
25.0000
Student Loans
6.5000
6.9000
6.0200
New Car Loans
2.9900
2.9800
3.3300
Used Car Loans
2.9900
3.4600
4.5000
1st Mortgage Real Estates
4.0000
4.0000
4.2500
Other Real Estates
5.5000
4.0000
4.7000

Mid-atlantic Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Mid-atlantic Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
Yes
New Share Account
Yes
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
No
View Account History
Yes
Yes

As a community financial institution, Mid-atlantic Federal Credit Union actively involves in local communities by prliding services such as financial counseling, financial education, financial literacy workshops, first tim home buyer programs, and student scholarships.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
Yes
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
Yes
Gaithersburg
555 Quince Orchard Rd
Gaithersburg, MD 20878
Phone:301-944-1712

Gaithersburg Inside Atm
555 Quince Orchard Rd
Gaithersburg, MD 20878-1437
Phone:

Germantown
Main Office

12820 Wisteria Dr
Germantown, MD 20874-2627
Phone:301-944-1800

Silver Spring
11140 New Hampshire Ave
Silver Spring, MD 20904
Phone:301-944-1714

(301) 944-1801

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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