IRS warning on new tax refund scam with direct deposit refunds

It wasn’t that many years ago when at this time of year credit unions would be on the lookout for counterfeit tax refund checks. Fortunately, several security features were added to US treasury checks in 2014 and add to that the 80% of refunds that are now direct deposited into financial institution accounts, and it is no surprise that tax scammers have moved on from counterfeit checks. This year the IRS is warning taxpayers of a scam where hackers steal people’s data from tax professionals and use the information to file fraudulent returns.


Branch Changes Announced

Madison County Federal Credit Union will make changes to two branch locations in 2020. A new location in Pendleton will be added and its Alexandria location will close.  


David Dodd, MCFCU CEO“We are a member-first business which means being where our members want to be served. There has been a need to be in Pendleton for years but a location wasn’t available until now,” said David Dodd, CEO of MCFCU. “Our new Pendleton branch will provide a local credit union choice and a full range of banking services in Pendleton.” The new branch will tentatively open Monday, June 1st.


Adding the new MCFCU Pendleton location required shifting resources from another office to make it feasible. 


“Our Alexandra office has experienced a dramatic decline in member visits over the last year. When the Board looked at where the resources should come from, it was a clear choice,” said Dodd. “It was a difficult decision to make to close it, but it will help us serve more individuals overall.”


The Alexandria location’s last day of business will be Friday, April 3rd. Alexandria members can continue to bank with MCFCU through its extensive online banking services or by visiting its Anderson or Elwood locations, both a short drive from the current Alexandria location.

Mobile wallet service for your MCFCU debit and visa cards

Apple pay, Google Pay, Samsung PayWe are excited that members are now able to add their Madison County Federal Credit Union Visa® credit card and Mastercard® Debit card to Apple Pay, Samsung Pay and Google Pay digital wallets.



• Adding your MCFCU cards to your smartphone’s digital wallet will allow you to check out in-store and online with the touch of your finger.

• Paying with a digital wallet is the safest way to shop because of the added layers of protection that come with it. These include your phone’s fingerprint id and only sending single-use codes when you pay – not your name, number or security code. It protects you from store data breaches and you never have to fear losing your wallet or the cards inside again.

membership eligibility…

Membership in Madison County Federal Credit Union is now easier than ever! If you live, work, attend school, worship, or volunteer in Madison County you meet our new eligibility requirements. Our new, less restrictive Field of Membership allows us to offer the benefits of credit union membership to all of our friends and neighbors in Madison County