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About Us
Our mission
To provide exceptional member service in a friendly, professional manner; to encourage savings and the wise use of credit; to increase the knowledge and ability of our members to manage their financial future and security; to provide sound financial management to maintain earnings for our continued growth; and to provide our employees with a rewarding career.
Our vision
Providing exceptional value, innovative service, fairness to all, and a quality experience for members and staff.
Our history
It all started in the summer of 1950 - a small group of employees who worked for Montgomery County Public Schools (MCPS) got together one day and agreed that there must be a way to take advantage of the better things in life. The banks at that time were not interested in satisfying the financial needs of the consumer - unless you had a lot of money. In fact, if you needed to borrow a few dollars for home repairs or medical bills, there were very few places to turn.
Credit unions, which were born out of the cooperative movement at the end of the 19th century, were beginning to make significant inroads. It didn't take long for the group of educators to decide that a credit union was the answer. Thus, Montgomery County Teachers Federal Credit Union (MCT) was created!
During the first year, MCT had only a handful of members and $1,500 in assets. Now, fifty-nine incredible years later, we are serving the needs of over 60,000 individuals and proudly have over $400 million in assets.
Savings accounts and small personal loans have grown to include a full array of financial services. In the beginning, MCT's volunteer board of directors, who were elected by the members, played a significant role in the day-to-day operations of the credit union. Today, volunteers remain important - and are joined by a trained staff of professionals to make certain the needs of the members are satisfied. Through it all, our strategy of helping each and every member reach financial success has remained steadfast.
To find out if you are eligible to join MCT, click here.
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