Understanding that the future of the credit union as they knew it was at stake, the Board of...
The $100 Million in Loans Milestone – Lending Success for Montgomery County Employees Federal Credit Union
In recent years, the credit union industry has seen its share of ups and downs, and Montgomery County Employees Federal Credit Union (MC EFCU), based in Germantown, Md., is no exception. Just 10 years ago, MC EFCU was more down than up: A$67 million asset credit union with just over $46 million in loans on the books, the credit union had become so selective with loan approvals that it was not generating enough volume to stay viable.
Understanding that the future of the credit union as they knew it was at stake, the Board of...
Understanding that the future of the credit union as they knew it was at stake, the Board of...