NIHFCU Renews Partnership with ADVANTAGE

ADVANTAGE, powered by JMFA, is excited to announce the renewal of our long-standing partnership with National Institutes of Health Federal Credit Union (NIHFCU). Since 2009, NIHFCU has trusted us to deliver comprehensive support that addresses their evolving needs while providing a valuable service to their members. After renewing in 2015 and again in 2021, we’re thrilled to continue this successful collaboration in 2024—marking our fourth project together.

“ADVANTAGE has been a strategic partner in helping us meet the evolving needs of our members. Their expert insights and dedicated support have played a vital role in navigating compliance complexities and streamlining operations. We look forward to continuing to work together and achieving our goals,” said Rick Wieczorek, President/CEO at NIHFCU.

NIHFCU’s continued confidence in our overdraft solution underscores the value ADVANTAGE brings to community financial institutions.

National Institutes of Health Federal Credit Union
Back in 1940, $75 was a lot of money and is what National Institute of Health Federal Credit Union founders – 9 federal employees – pooled to give their co-workers and families an alternative to traditional banks. They were passionate about providing affordable choices for their financial dreams. And so, the NIHFCU was born! Through the years, NIH Federal Credit Union has expanded membership beyond the National Institutes of Health to include those employed at other biomedical/healthcare organizations in the Washington DC metro area.

Today, NIHFCU provides financial services to nearly 50,000 members for their personal and business needs. Membership is now available nationwide and, while most of members work in the healthcare/biomedical industries, it is not a requirement for membership. NIHFCU members are focused individuals – too busy to waste time and too smart to waste money. NIH understands their unique needs – both within and outside the biomedical/healthcare industries – and are proud to provide the financial service options they deserve.

At the NIH Federal Credit Union (NIHFCU), community engagement is an important foundation of the business. Whether it be through employee volunteerism, donations/sponsorships, advocacy or other community activities, the NIH FCU RISE Community Outreach Program, gives back to the healthcare industry they have been privileged to serve since 1940. The NIHFCU has proudly worked with many outstanding organizations in our local community, via the RISE program – helping the communities they serve be the best they can be.

ADVANTAGE, powered by JMFA
ADVANTAGE is a leading provider of consultation services for credit unions and community banks. With a long-standing 40-year history of excellence, ADVANTAGE helps their clients grow non-interest income, navigate the ever-changing financial and regulatory landscape, providing solutions that give community FIs a competitive advantage.

ADVANTAGE provides income growth strategies such as account acquisition, overdraft compliance consulting, contract negotiation, and technology strategy and selection. From growing market share and improving non-interest income to contract negotiations and technology strategy, the ADVANTAGE experts offer credit unions and community banks and their account holders the best solutions.