Press Releases
TFCU Announces the Retirement of President/CEO Robert G. Allen
(Hauppauge, NY) – Teachers Federal Credit Union (TFCU), one of the largest credit unions in the United States, announced today that longtime President/CEO Robert G. Allen will be retiring on May 31, 2019. Mr. Allen has served as President/CEO of the credit union since 1988, nearly 31 years, and has been a leader in the credit union sector for over 48 years. He has led ...
TFCU Continues Year of Strong Growth with Opening of its 31st Branch in East Meadow
TFCU’s new high-tech state-of-the-art branch, the credit union’s 31st to open in 2018, brings credit union banking service to members in central Nassau County
Hauppauge, NY/East Meadow, NY, January 28, 2019 – Teachers Federal Credit Union (TFCU), one of the country’s largest credit unions with over 320,000 members, has opened its 31st branc...
TFCU Offers Assistance Program for Members Impacted by the Partial Federal Government Shutdown
TFCU offers it members loan extensions, short-term personal loans, interest-only payments on lines of credit and other support during partial Federal Government shutdown.
HAUPPAUGE, NY, January 14, 2019 –TFCU, one of the country’s largest credit unions with over 320,000 members and 31 branches across Long Island and New York City, announced today servic...
TFCU Grows Again Through Acquisition of LOMTO Federal Credit Union
Adds Two Locations, 2,200 Members and $156M to its Portfolio
HAUPPAUGE, NY- October 1, 2018 – In keeping with its ongoing growth strategy, Teachers Federal Credit Union (TFCU), one of the country’s largest federally insured credit unions, announced that it has acquired all member shares as well as some loans and other assets of Queens, NY-based LOMTO Fe...
TFCU Acquires Melrose Credit Union
HAUPPAUGE, NY - August 31, 2018 – Teachers Federal Credit Union (TFCU), one of the country’s largest federally insured credit unions, announced that it has acquired all member shares as well as some loans and other assets of Queens, NY-based Melrose Credit Union.
Melrose Credit Union had 19,864 members and assets of approximately $1.1 billion as o...
Teachers Federal Credit Union Awards $2,500 Scholarship to Deer Park High School Graduating Senior
Teachers Federal Credit Union, one of the country’s largest credit unions, awarded a $2,500 education scholarship to Long Island high school graduating seniors within the communities it serves as part of the credit union’s ongoing efforts to provide support and encouragement to students interested in continuing their education.
At a recent ceremon...
TFCU Introduces CardValet App
Teachers Federal Credit Union, one of the country’s largest credit unions, has introduced CardValet®, a mobile app that allows members to set spending limits for general use or to specify thresholds by the types of merchants, such as gas, groceries or retail stores.
Once Smartphone users download the CardValet® app from either the Apple® Ap...
TFCU to Host Their First TFCUniversity Event in Nassau County
Hauppauge, N.Y.,– Teachers Federal Credit Union (TFCU), one of the country’s largest credit unions, will host its first Nassau County TFCUniversity Business Breakfast Clinic for members of the business community. The program will feature Joseph S. Saladino, Town of Oyster Bay Supervisor, who will speak about local business and economic topics as well as outline r...
Town and Teachers Federal Credit Union Announce 2017 Recycling Events Partnership
Farmingville, NY – On February 3, Supervisor Ed Romaine and Robert G. Allen, President and CEO of Teachers Federal Credit Union announced that TFCU will co-sponsor the Town’s 2017 recycling events. Mr. Allen presented a $2,000 check to Supervisor Romaine for the company’s participation. This is the third year that TFCU has partnered with the Town. Each year...
TFCU Donates $1,500 to Brittany’s Baskets of Hope
Brittany’s Baskets of Hope, a Long Island–based not-for-profit, is dedicated to bringing information to families
Hauppauge, NY - Teachers Federal Credit Union, one of the country’s largest credit unions, and Team TFCU, comprised of employees dedicated to serving the community, recently donated $1,500 to Brittany’s Baskets of Hope, Inc.
...TFCU Announces Results of Election of Board of Directors and Officers
Hauppauge, NY – Teachers Federal Credit Union (TFCU) recently announced the results of their board election and new officers at their Annual Meeting held here at the credit union’s headquarters. The Board of Directors announced the election of the following individuals for three-year terms: Raymond P. Grossman, Shalei V.K. Simms and George L. Dornhoefer.
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TFCU First Place Winner of Desjardins Youth Financial Education Award
Teachers Federal Credit Union (TFCU), one of the country’s largest credit unions, has been selected as the First Place winner of the New York Credit Union Association’s 2017 Desjardins Youth Financial Education Award in the over $1 billion asset category. TFCU was honored during the New York Credit Union Association’s annual convention held June 1- 4, at Sa...
High School Graduates Receive Education Scholarships From TFCU
Hauppauge, NY – At a recent Scholarship Awards Ceremony held at Teachers Federal Credit Union headquarters in Hauppauge, Robert G. Allen, CEO/President of TFCU, presented four $2,500 TFCU scholarships and two New York Credit Union Association (NYCUA) scholarships in the amounts of $1,500 and $500, to local graduating high school seniors. TFCU, one of the largest c...
TFCU Introduces Enhanced Online and Mobile Banking Services
Teachers Federal Credit Union, one of the country’s largest credit unions, recently launched its new online and mobile banking system which enhances every member’s ability to easily bank remotely. The system provides members with an all-new best-in-class online banking interface with bill payer and a new mobile application banking experience.
The new mo...
TFCU Promotes Francis Collins to Senior Vice President - Credit
HAUPPAUGE, NY (April 1, 2016) – Teachers Federal Credit Union (TFCU), one of the nation’s largest credit unions, announced the promotion of Francis Collins to Senior Vice President –Credit. In his new position, he will serve as a member of the senior management team, overseeing all lending department functions and products, including mortgages, indirect aut...
TFCU Promotes Amanda Christensen to AVP - Loan Servicing
HAUPPAUGE, NY (April 1, 2016) – Teachers Federal Credit Union (TFCU), one of the nation’s largest credit unions, announced the promotion of Amanda Christensen to Assistant Vice President – Loan Servicing. In her new position, she will oversee the Mortgage Servicing and Loan Records departments as well as the servicing of all mortgages, commercial and consum...
TFCU Hosts Summer “Food Truck Fridays”
Hauppauge, N.Y., June 3, 2016 – Teachers Federal Credit Union (TFCU), one of the country’s largest credit unions, is hosting “Food Truck Fridays” during the summer of 2016. Food service trucks will offer a diverse and changing variety of lunch and dessert options for TFCU employees and local businesspeople. Trucks will be at TFCU’s Headqua...
TFCU Promotes Benjamin Alessi to Controller
Hauppauge, N.Y., June 6, 2016 – Teachers Federal Credit Union, one of the country’s largest credit unions, announced the promotion of Benjamin Alessi, CPA to Controller. The announcement was made by TFCU President/CEO Robert G. Allen. In his new position, Alessi will be integral to TFCU’s operations involving Financial Reporting, ...
Penny War Declared at East Moriches Middle School
Hauppauge, N.Y., June 1, 2016 – Teachers Federal Credit Union (TFCU), one of the country’s largest credit unions, supported a “Penny War” recently held at the East Moriches Middle School. The object of a Penny War is to collect as many points as possible with one point awarded for every penny collected. The students conducted this fundraising drive to...
Shredding Day and Book Collection Event at TFCU Hauppauge - A Twofold Success
Hauppauge, N.Y., June 2, 2016 – Teachers Federal Credit Union (TFCU), one of the country’s largest credit unions, recently held a Shredding Day at its Hauppauge headquarters. TFCU members and community residents brought large quantities of paper documents and records for secure shredding as well as generous donations of gently used books to be redistributed...
TFCU Promotes Michael Savino to AVP, Consumer Lending & Credit
Hauppauge, NY, May 20, 2016 – Teachers Federal Credit Union, one of the country’s largest credit unions, announced the promotion of Michael Savino to Assistant Vice President of Consumer Lending and Credit. The announcement was made by TFCU President/CEO Robert G. Allen. Mr. Savino, a TFCU employee for nine years, was the Financia...
TFCU Hosts Small Business Clinic Focusing on Creating a Culture of Ownership
Hauppauge, N.Y., May 23, 2016 – Teachers Federal Credit Union (TFCU), one of the country’s largest credit unions, will host its next TFCUniversity Business Clinic for the Long Island business community on Thursday, June 9 at TFCU Headquarters in Hauppauge. Featuring national customer service expert and author Randi Busse, Founder and President of Workforce Develo...
TEAM TFCU Donates $4,000 to Honor Flight
Hauppauge, N.Y., July 25, 2016 – Teachers Federal Credit Union, one of the country’s largest credit unions, recently donated $4,000 to Honor Flight, a non-profit organization created solely to honor American Veterans for their sacrifices. WWII and Korean War veterans from Nassau, Suffolk and Queens counties can participate. To...
Team TFCU Collecting Needed School Supplies
Hauppauge, N.Y., August 8, 2016 – Teachers Federal Credit Union, one of the country’s largest credit unions, is supporting Team TFCU, an employee community service group of volunteers, as they call on members to donate school supplies for needy children at their local TFCU branch. During the month of August, all 25 TFCU branches will have collection boxes a...
Team TFCU Holding "Stuff-A-Bus" School Supply Drive
Hauppauge, N.Y., August 8, 2016 – Teachers Federal Credit Union, one of the country’s largest credit unions, is supporting Team TFCU, an employee community service group of volunteers, as they call on members to donate school supplies and new and gently used books for needy Long Island children at a “Stuff a Bus” event at the Wading River TFCU branch....
TFCU to Provide Free Marketing Education for Long Island Businesses
Hauppauge, N.Y., August 29, 2016 – Teachers Federal Credit Union is proud to present the next event in its successful TFCUniversity series - Marketing Roundtables! This TFCUniversity Business Clinic will be an interactive program for attendees, featuring five roundtables to be led by industry experts to help attendees implement innovative marketing strategies for succe...
TFCU Partners with Nassau County Museum of Art to Sponsor “An Evening for Educators” Series
TFCU has partnered with Nassau County Museum of Art as the sponsor of an "Evening for Educators" series comprised of three innovative art and education programs for K-12 teachers.
The first event will be held on October 19 from 4:30 to 6:00 p.m., with subsequent events in November and April. Each program will focus on professional development and the crit...
TFCU Awards Nicholas Maletta Memorial Scholarships to SUNY Old Westbury Students Adan Velasquez and
Hauppauge, N.Y. – Teachers Federal Credit Union (TFCU), one of the country’s largest credit unions, awarded two Nicholas Maletta Memorial Scholarships to SUNY Old Westbury students Adan Velasquez and Magdalena Zielinska.
The educational scholarship reflects TFCU’s ongoing efforts to provide support and encouragement to local students within the co...
TFCU Awards Virginia Mulligan Memorial Scholarship To Stony Brook University Student
TFCU is proud to have awarded the Virginia Mulligan Memorial Scholarship to Ian Lesnick, a student in the Honors College at Stony Brook University. The scholarship reflects TFCU’s ongoing efforts to provide support and encouragement to local students within the communities it serves. Ian is a resident of Smithtown and a graduate of Smithtown High School West.
TFCU Provides $1 Million Loan for The Lindenhurst Diner
Entrepreneur’s Vision and Funding from TFCU Brings Iconic Diner Back to Life
Lindenhurst, NY – The Lindenhurst Diner, one of the oldest and most historic and iconic dining establishments on Long Island’s South Shore, has been brought back to life thanks to the diner’s visionary owners, Valentino Zarboutis, Nick Glykos and Peter Glykos ...
TFCU Sponsors The Berenstain Bears Financial Literacy Program
Hauppauge, N.Y. –Teachers Federal Credit Union (TFCU), one of the country’s largest credit unions, has teamed up with the beloved Berenstain Bears to teach children responsible money management and concepts including Save, Share, Spend, Earn. The Berenstain Bears Financial Literacy Program, a youth education and outreach program created in response to the growing...
Team TFCU Supports Patchogue-Medford Youth & Community Services
Hauppauge, N.Y. – Teachers Federal Credit Union, one of the country’s largest credit unions, donated gifts for families in need and raised $500 for Patchogue-Medford Youth & Community Services. The mission of the not-for-profit agency is to provide support, strength and opportunity for positive growth to youth, their families and the community thr...
