Ticonderoga Federal Credit Union (TFCU) recently announced that the National Credit Union Administration (NCUA) has approved their request to expand their field of membership.
Effective immediately, membership is open to individuals who live, work, worship, or attend school in the counties of: Essex, Washington, Warren, Franklin, and Clinton Counties in New York as well as Addison County in Vermont.
Ticonderoga Federal Credit Union was founded by employees of International Paper Company’s Ticonderoga Mill and granted a federal charter in 1954. Since that time, TFCU has received various charter expansions and has grown in the communities of Essex and Washington Counties of NY and towns of Hague, Horicon and Chester to over almost 9,300 members.
“Strategic growth is vital to our long term strength and viability. TFCU has served the North Country since 1954”, said TFCU’s President & CEO Shawn Hayes. “Expanding our field of membership with these additional counties further into New York and now Vermont will allow us to provide cutting edge products and services in person and through the use of technology to many more members for many more years to come”.
TFCU members have the convenience to check balances, pay bills, deposit checks, review account activity, transfer money, apply and sign for loans and more through TFCU’s online and mobile banking. Eligible members can even open their account online without a trip to a branch.
TFCU’s Board of Director’s is fully supportive of and committed to the expansion. “Our board sees the wisdom and strategic value in this expansion. Indeed, our entire team is excited to provide personalized financial services in support of our core values of financial strength, community, integrity and service”, stated Hayes.
David Baird, TFCU Board Chairman added “The application process for this charter expansion began under the leadership of Ralph Corbo, our previous Chairman with full Board approval. I am excited and look forward to watch our Credit Union grow using the technological improvements we’ve made these past few years”.
TFCU currently has three branch locations in Ticonderoga, Port Henry and Elizabethtown and also participates in the CO-OP Shared Branch Network, which gives TFCU members access to their account at more than 5,600 branches across the country.
“We will analyze our options with respect to possible new future physical locations”, stated Hayes. “ It is also our intention to leverage technology to serve members who like and want to conduct business with their financial institution electronically whenever and wherever it is convenient for them”.