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MCFCU offers you even more..... Do you remember the last time a friend or acquaintance had a health problem? Chances are he or she had to pay part of the medical bills out of his/her own pocket (not to mention related treatment and everyday living expenses) at a time of diminished income. If this happed to you, would you have to tap into your savings account or look to a home equity loan? Now you can do something to help protect yourself with AFLAC. AFLAC offers a full range of voluntary/supplemental policies that appeal enormously to employees in all income ranges and age groups. There are programs for Accident, Cancer, Specified Heath (heart attack, stroke, bypass, ...) Intensive Care, Sickness, Hospital and even Dental. AFLAC will have representatives visiting our offices. Watch for further announcements regarding days and times. If you need further information immediately, you may contact AFLAC at their direct line at 847-456-2229.
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| Get some stability back in your financial accounts. Your credit union has been here since 1961. In light of all the turmoil surrounding the financial industry, President George W Bush, on Friday, October 3, 2008 signed the emergency Economic-Stabilization Act of 2008. The Act temporarily raises the basic limit on federal deposit insurance coverage from $100,000 to $250,000 per depositor. The temporary increase became effective immediately upon the President's signature. This legislation provides that the basic deposit insurance limit will return to $100,000 on December 31, 2009. |
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| What is a Federal Credit Union? | Are credit union deposits safe? | ||
| A federal credit union is a cooperative financial institution chartered by the federal government and owned by its members. Federal credit unions offer members a safe place to save and borrow at reasonable prices. The credit union movement started in the United States in 1909 to serve those un-served by traditional banking institutions and as an alterative to pawn shops and pay-day lenders. | 
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| Member deposits in federal credit unions are insured up to $100,000 per account (depending on ownership) and $250,00.00 for retirement accounts, by the National Credit Union Share Insurance Fund (NCUSIF) and backed by the full faith and credit of the U.S. Government. Member savings are also protected by a number of provisions in the Federal Credit Union Act and the standard bylaws. |
| What can a Credit Union do for You! | |||
| Federal credit unions are chartered, supervised and insured by the National Credit Union Administration (NCUA), an agency of the federal government. Visit NCUA at www.ncua.gov for more information. | Credit unions have been able to keep pace with the needs of their members by offering a variety of services in addition to savings and loans. Many federal credit unions, including MCFCU, offer share drafts, certificates, credit and debit cards and retirement accounts. As technology evolves, credit unions are responding by offering transaction services by telephone and personal computer via the Internet. Today's credit unions can be a members Primary Financial Institution. | Some protections are:
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DO YOU LIVE, WORK OR WORSHIP IN MCHENRY COUNTY, ILLINOIS? NOT A MEMBER YET? WHY NOT? WANT A QUICK TOUR OF OUR CREDIT UNION?
Join Here ALREADY A MEMBER, WHY NOT TELL A FRIEND? | Your Insured Funds is available at NCUA’s Internet site http://www.ncua.gov/publications/ brochures/insured_funds/funds.pdf
A directory of federally insured credit unions at
More Information! | ||
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Our Mission
The McHenry County Federal Credit Union was established to provide the best possible financial services to our members at the lowest reasonable cost. We adhere to the Credit Union philosophy of "NOT FOR PROFIT, NOT FOR CHARITY, BUT FOR SERVICE".
