About TFCU
TFCU is a member-owned financial service cooperative. We were
chartered in 1939. We currently have approximately 18,000 members,
over $150 million in assets, 3 branches, and over 60 employees.
Originally named the Civil Aeronautics Federal Credit Union,
over the years the Credit Union expanded its field of membership
to include many government agencies, businesses, and associations.
You own your Credit Union and as an owner, each year you elect
your Board of Directors
. The Board of Directors set policy, including dividends and
interest rates. As a member, you're encouraged to serve on committees
and run for elected office. With no outside shareholders, only
members benefit from TFCU earnings through full financial services,
competitive savings, and economical loans.
Transportation Federal Credit Union's Mission
Statement
TFCU is a member-owned cooperative whose purpose is to be the
preferred provider for its members' financial needs.
Competition
Transportation Federal Credit Union is very competitive with
other financial institutions in our marketplace. In fact, we
survey our competitors on a monthly basis to compare our rates
and consistently place at or near the top of the list. As you
compare products, we encourage you to be a careful shopper.
Keep in mind that even greater benefits are available to you
in our Express
, Concorde
and Premiere50
packaged services.
Deposits Federally Insured
Both your savings accounts and Individual Retirement Accounts
(IRAs) are insured for a total of $350,000. The National Credit
Union Share Insurance Fund (NCUSIF) federally insures your deposits
at TFCU up to $100,000. Individual Retirement Accounts (IRAs)
are insured separately by NCUSIF for up to an additional $100,000.
Your deposits are privately insured through Excess Share Insurance
Corporation (ESI) up to $250,000. IRAs are separately insured
by ESI for up to an additional $250,000.
The NCUA Insurance booklet gives a more detailed explanation
of insurance coverage. To receive the booklet, just
e-mail us.
Not one penny of insured savings has ever been lost by a member
of a federally insured credit union. |
