Mid-Atlantic Corporate Federal Credit Union today announced a complete overhaul of its membership structure. Gone is the old three-tiered membership structure, of which only one tier required a capital contribution. Now members will choose from four relationship-pricing levels, and all require capital.

Platinum level members will be asked to convert 100% of existing Member Capital Accounts to Perpetual Contributed Accounts, previously known as PIC, which qualify for the NCUA’s proposed Tier One capital requirements. Platinum members also have the option to purchase $5 million in PCC.

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