Montgomery County Employees Fed CU Adds 9-Month CD


Deal Summary: 9-month Share Certificate Special, 2.53% APY, $1k minimum deposit

Availability: Easy membership requirement

Maryland-based Montgomery County Employees Federal Credit Union (MC EFCU) has added a 9-month Share Certificate Special, which earns 2.53% APY. The minimum deposit is $1k, with no stated balance cap.

MC EFCU's Member Value Program bonus points (an additional 5, 10, or 15 bps) do not apply to the Certificate Special. Following the 7 day grace period, the Certificate Special renews as a 12-month Certificate.

As stated in the fine print on the Certificates Rates page, the Early Withdrawal Penalty reads as follows:

If certificate funds are withdrawn before the renewal date,
funds are subject to a penalty of 90 days worth of dividends.

ACH Transfers

MC EFCU’s FAQs page is a mother lode of information concerning ACH transfers. Upon maturity, your funds are eligible for “external funds transfer” using MC EFCU’s Online Banking platform. Unfortunately, the transfer limits are low: $2k per day and $5k per month for Standard Service.


Headquartered in Germantown, Maryland, Montgomery County Employees Federal Credit Union's field of membership (FOM) provides a way for almost any U.S. citizen or resident alien to join.

Easy Membership – Joining The Arc Montgomery County ($35 non-refundable membership fee) qualifies individuals for MC EFCU membership. The Credit Union’s online application states, “Your donation must be made prior to finalizing membership,” but a link to The Arc, is provided, allowing you to join The Arc and MC EFCU simultaneously.

Employment – MC EFCU has more than 40 Corporate Partners, including Montgomery County Government and Maryland State agencies operating in Montgomery County. Employees of the Corporate Partners are eligible for membership.

Relationship – Family members (spouse, parent, child, sibling, grandparents, grandchild, including step- and adoptive) or household members of a current MC EFCU member qualify for membership.

Joining MC EFCU and/or opening a Share Certificate Special can be done online, or in person at any of three Maryland branches located in Germantown, Rockville, and Silver Spring.

Credit Union Overview

Montgomery County Employees Federal Credit
has an overall health grade of "B+" at, with a Texas Ratio of 4.35% (excellent) based on June 30, 2018 data. In the past year, MC EFCU has increased its total non-brokered deposits by $2.78 million, an above average annual growth rate of 2.21%. Please refer to our financial overview of Montgomery County Employees Federal Credit Union (NCUA Charter # 18917) for more details.

Montgomery County Employees Federal Credit Union celebrated its 50th anniversary in January. Originally established to serve Montgomery County employees, MC EFCU has grown to become Maryland’s 31st largest credit union, with more than 14,400 members. According to MC EFCU’s Media Fact Sheet,

MC EFCU was chosen as one of only 291 top performing financial institutions nationwide— out of more than 7,000 banks and credit unions— to receive the Retail Mobile Banking Navigator Award. The award was announced by FI Navigator, a data analytics firm that evaluated multiple criteria, including mobile app features, such as basic and enhanced banking services, mobile access, payments, fraud management and easy-to-access support and information. The company also analyzed mobile adoption and customer enrollment data, as well as customer satisfaction and impact ratings. Only 4.2% of all community financial institutions offering a mobile banking application met the award criteria.

How the Share Certificate Special Compares

When compared to the 236 other similar length-of-term CDs tracked by that require a similar minimum deposit and are available nationwide, Montgomery County Employees Federal Credit Union’s 9-month Share Certificate Special APY currently ranks second.

The above rates are accurate as of 9/19/2018.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Washington CD rates, 1-year CD rates, nationwide deals

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