Federal Credit Union
Eligibility and Overview
Midsouth Community Federal Credit Union (MCFCU) has more than 35, 000 members and over $144 million in assets.
Anybody who goes to school, works, lives, or worships in Washington, Putnam, Wilkinson, Pulaski, Monroe, Houston,
Peach, Jones, Baldwin, Hamcock, Crawford or Bibb counties in Mid Georgia qualifies for membership of this, the
oldest credit union in Georgia. Once the application is complete, with the 5$ deposit, and membership approved,
then, the member's family is instantly eligible for membership which is for life, whether a member moves or changes
jobs hereafter. Midsouth Federal Credit Union was established in 1936 as Bibb Teachers Federal
Credit Union, and expanded all over mid Georgia, changing its name as it grew, the latest change being to add
"Community" to its name.
Home Banking and Checking Accounts
Midsouth Federal Credit Union offer four types of checking account, two of which are aimed at specific age groups;
Teen Advantage checking, for teenagers and Gold Star Checking for the retired or over 55's, both of these accounts
are essentially the same as their Personal checking account. There are a lot of free features for Midsouth Credit
Union's personal checking account; free ATM card, travelers' checks, Visa debit card, direct deposit, notary
service and 5 free ATM transactions, when using someone else's ATM. Midsouth also have an Internet home banking
service which features a text message alert service, mobile phone access, bill payment system, and all financial
transactions are downloadable to Quicken or Microsoft Money to help manage your finances, and ensure accurate
record keeping. Premier offers additional free ATM transactions and free replacement card. All MCFCU checking
accounts offer overdraft protection, either through a separate share account, or through establishing a line of
credit which is subject to credit checking.
Credit Cards and Loans
All rates for the Visa credit cards offered by Midsouth Federal Credit Union are based on Prime rate plus an add
on, and are capped at 18%. The Visa Classic is Prime rate plus 9.65% Visa Gold is Prime rate plus 7.65% Visa
Platinum is Prime rate plus 5.65%. All cards have a 25 day grace period, no annual fee and no transaction fee for
cash advances. They all charge $25 for late payment, and the APR is subject to the results of a credit check. The
starting limit is $10,000 for a Classic card, rising to $15,000 for a Platinum card. MCFCU offers a range of
personal and home loans, and a specialty personal computer loan. Whilst they offer a consolidation loan,
Midsouth Federal Credit Union do not have any special services for people who may be in financial
difficulty or have a poor credit rating.
Source: Credit Cards For People With Bad Credit Rating
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