Chip Cards Help Cut Credit Card Fraud

emv iconThe new credit card you’ll be receiving from Madison County Federal Credit Union looks a little different than the one you currently are using. You’ll notice a small “chip” embedded in the plastic. Old cards that don’t have the chip use a magnetic strip on the back to permanently store your financial information, making it an easy target for data thieves. Forty-seven percent of the world’s credit card fraud occurs in the U.S. As more consumers use the new chip cards this percentage should decrease.

The chip in an EMV (Europay, Mastercard, and Visa) card creates a unique transaction code that can’t be used again. So if a hacker should steal the chip information from a transaction, it would be useless because the transaction code is only valid for a single use.

Here’s what you need to know about the new cards, according to the consumer engagement editors at the Credit Union National Association:


Bids for Kids Auction Raises over $72,000

Madison County Federal Credit Union is pleased to announce that this year’s Bids For Kids Auction raised over $72,000. Proceeds from the auction will benefit the Family Resource Center in Anderson and help to prevent child abuse throughout the county. We would like to thank all of our members for their support and donations throughout the month.

Get rewarded for telling your friends about Madison County Federal Credit Union

50 account bonusAre you enjoying Madison County Federal Credit Union so much that you’d like to tell your friends about it? If so, you can earn a $50 credit on your account with each friend that signs up for a new membership with a Benefits Plus Checking/Debit account.*

How It Works
• Refer up to 5 new members each calendar year.
• Earn $50 for each friend that you refer that opens a new Madison County Federal Credit Union Benefit Plus Debit/Checking account
• Once your friend meets their new member account requirement for the first six full months of their account, we’ll deposit $50 in your account and $50 in theirs, too.
• New members can complete the online application, visit a branch, or call 1-765-644-3623.
• Be sure your friend tells them who referred them when the open their account so you both can be credited.

With our referral bonus, the rewards of friendship are better than ever.

*New membership account must be a new credit union relationship with no previous accounts open at MCFCU.

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