TEG Federal Credit Union

TEG Federal Credit Union
Type Credit union
Industry Financial services
Founded 1969, as Taconic Educators and Government Federal Credit Union
Headquarters Poughkeepsie, New York, United States
Key people

Walter V. Behrman, Jr., Board Chairman
Paul Goldstein, Vice Chairman
Barbara Hogan, Treasurer
Frank LaRose, Secretary

Joseph T. Prokop, President & CEO
Products Savings; checking; consumer loans; mortgages; credit cards; online banking
Total assets $163 million USD
Employees 59 (2010)
Website tegfcu.com

TEG Federal Credit Union (formerly Taconic Educators and Government Federal Credit Union) is a federally chartered credit union in the New York counties of Dutchess, Orange, and Ulster. As of 2010, 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,[1] 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.[2]

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References

  1. ^ Docket No. 99-FOM-005
  2. ^ Trinka, Mitchell. Senior wins local scholarship. Millbrook Round Table. 19 June 2008.
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External links


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Last modified on 11 December 2012, at 17:32