MECU's Routing number: 252076468
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Rate 3.375 %
APR * 3.568 %
 
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Auto Loans (36 Mo) 1.99 %
Visa® Rates 9.90 %

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John M. Hamilton Named MECU of Baltimore CEO (7/20/15)

July 20, 2015, Baltimore, MD - The Board of Directors of MECU of Baltimore, Inc. announced that they have selected John M. Hamilton as the new President and CEO. Hamilton has been serving as the interim CEO since March, 2015.

“John has proven himself to be a strong leader with vision and drive and has the background and knowledge to lead MECU in a rapidly changing and competitive financial services marketplace. Equally important, he also has a strong commitment to community service which is essential at MECU,” said Chairman of the Board Herman Williams, Jr.
“I’m excited to start this new role with MECU,” said Hamilton. “MECU has long exemplified what it means for a credit union to serve both its members and the community. It’s an honor to be chosen to lead such a dynamic organization into the future and to focus on delivering exceptional service and high quality products and services that meet the needs of our members. Also, I admire the active role that the board and the entire MECU family take in working with organizations that make our community strong and I am glad to be a part of this outreach.”

Hamilton joined MECU as Vice President of Lending in 2013, and has over 30 years of experience in the financial services industry. He is a graduate of Morehouse College with a B.S. degree in Finance.

MECU is a member-owned not-for-profit financial cooperative committed to providing its members with high quality financial services, and outstanding service to our communities, through sound management and innovation for almost 80 years. It represents over 106,000 members, with assets of $1.2 billion.

MECU of Baltimore Pays Members Cash Bonuses (7/8/15)
Board Honors the Tradition for the 35th Year

July 8, 2015 - MECU members recently received some extra cash in their savings accounts. MECU returned $1.5 million to its members in the form of loan interest rebates and extraordinary dividends. The Board of Directors has voted to return profits to members every year since 1981. The cash bonuses are paid twice a year at the end of June and in December.

MECU returned a portion of the interest members paid on loans and lines of credit during the past six months. All deposit accounts, from saving to CDs, had extra interest paid on top of MECU’s normally high rates.

It pays to be a member of MECU!

MECU is a member-owned not-for-profit financial cooperative committed to providing its members with high quality financial services, and outstanding service to our communities, through sound management and innovation for almost 80 years. It represents over 106,000 members, with assets of $1.2 billion.

MECU Partners With Royal Farms (6/19/15)
New partnership means lower costs for MECU members, royal farms employees

BALTIMORE, MD (6/19/15) A new partnership between MECU of Baltimore, Inc. and Royal Farms will mean MECU members and Royal Farms employees can now save time and money.

The new partnership agreement between MECU, the largest credit union headquartered in Baltimore City, and Royal Farms will make all Royal Farms ATMs completely free to MECU members.

The partnership will also make Royal Farms a Select Employee Group (SEG) of MECU, enabling Royal Farms employees to take advantage of MECU’s low-cost checking accounts, car loans, mortgages, and other services.

“We are excited to be providing our members with yet another service to make access to our financial services easier, and to be extending MECU membership and benefits to the family of Royal Farms employees,” says John Hamilton, Interim CEO at MECU.

The new partnership adds more than 160 surcharge-free ATMs to the thousands of surcharge-free ATMs already available to MECU members nationwide. Royal Farms ATMs are conveniently located in areas where MECU members live or work, and along many routes to popular vacation spots.

The partnership also means Royal Farms can now offer MECU membership as a free employee benefit. Since MECU tends to offer lower rates on loans and lower cost checking accounts than many other financial institutions, Royal Farms employees have the opportunity to save money by joining MECU. This benefit will also extend to the families of Royal Farms employees, who will be eligible to join MECU after the employee joins.


ABOUT MECU
Founded in 1936, MECU is the largest credit union headquartered in Baltimore City. MECU has more than 110,000 members and assets of $1.2 billion. MECU offers a wide array of financial services and has 11 offices throughout Baltimore City and Baltimore County. MECU belongs to an ATM network of thousands of nationwide surcharge-free ATMs and is part of the Co-Op Shared Branch Network. The Co-Op Shared Branch Network allows members to conduct business at over 4,000 branches of other credit unions around the country.

ABOUT ROYAL FARMS
Royal Farms is a Baltimore-based, family-owned convenience store chain that opened its first store in 1959. Today, the company has become a regional powerhouse and currently has over 160 stores located in Maryland, Delaware, Pennsylvania and the Virginia Eastern Shore and Tidewater area with plans to continue expanding throughout the Mid-Atlantic region, building about 10 stores per year. The company employs thousands of people throughout the area.

Royal Farms is known for its fresh, never-frozen “World-Famous” fried Chicken and hand-breaded Western Fries as well as Fresh Arabica coffees and exotic varieties including 100% Colombian, Rainforest Certified Gourmet, Dark Roast, French Vanilla, and seasonal favorites.

Royal Farms’ fresh, “built to order” deli menu has been undergoing major changes, including a new line of quality deli meats, a new selection of artisan breads, and higher quality produce and toppings. The company also offers Surcharge-free ATMs, grocery items, plus competitively-priced fuel.

For more information visit: www.royalfarms.com