TEG Federal Credit Union
Encyclopedia
TEG Federal Credit Union (formerly Taconic Educators and Government Federal Credit Union) is a federally chartered credit union
Credit union
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...

 in the New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...

 counties of Dutchess
Dutchess County, New York
Dutchess County is a county located in the U.S. state of New York, in the state's Mid-Hudson Region of the Hudson Valley. The 2010 census lists the population as 297,488...

, Orange
Orange County, New York
Orange County is a county located in the U.S. state of New York. It is part of the Poughkeepsie–Newburgh–Middletown, NY Metropolitan Statistical Area and is located at the northern reaches of the New York metropolitan area. The county sits in the state's scenic Mid-Hudson Region of the Hudson Valley...

, and Ulster. , the institution has $148 million in assets, 59 full- and part-time employees, and 18,500 members.

The credit union provides savings and checking accounts, home and car loans, as well as Visa credit and debit cards.

History

When TEG FCU was founded in 1969, membership was limited to educators and government employees in the area, hence the bank's original name. Though initially denied, TEGCU eventually acquired a community charter in 2002, allowing anyone who lives, works, worships, attends school, or volunteers in Dutchess, Ulster, and Orange counties to join the credit union. TEG Federal provides an annual $1,000 scholarship to student members.

External links

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