TEG Federal Credit Union

TEG Federal Credit Union
Company typeCredit union
IndustryFinancial services
Founded1969, as Taconic Educators and Government Federal Credit Union
HeadquartersPoughkeepsie, New York, United States
Key people
Walter V. Behrman, Jr., Board Chairman; Andrew Krayewsky, Vice Chairman; Jesse Doughty, Treasurer; Barbara Hogan, Secretary; Ronald A. Flaherty, President & CEO; Thomas I. Gay, CFO
ProductsSavings; checking; consumer loans; mortgages; credit cards; online banking; Business Savings; Business Checking; Business Loans
Total assets$305 million USD
Members36,000 (2020)
Number of employees
118 (2020)
Websitetegfcu.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 2020, the institution has $305 million in assets, 118 employees, and 36,000 members.

The credit union provides a wide range financial services including Consumer and Business Loans, Mortgages, Free Checking, and many other Consumer and Business deposit account options, plus MasterCard credit and debit cards.

History

In 1969, teachers from the Wappingers Central school district decided to create an alternative to the banks they had been using. Desiring a financial institution that would provide fair and equitable treatment, they successfully chartered the Wappingers Central Federal Credit on April 25, 1969, with the National Credit Union Administration (NCUA).

In March 1976, credit union membership expanded to include the government workers of Dutchess County and the credit union's name changed to Taconic Educational and Governmental Federal Credit Union, or TEG Federal Credit Union as it is known by today.

In August 2000, TEG received a new community charter and opened its doors to all who lived, worked, worshiped, or attended school in Dutchess County. The most recent extension of this charter in December 2002 opened up the membership to all who live, work, worship or attend school in New York's Dutchess, Orange and Ulster Counties. TEG Federal provides an annual $1,000 scholarship to student members.[1]

Branches

TEG FCU has branches in the following locations: Beekman, Fishkill, Hyde Park, Newburgh, Crystal Run, Poughkeepsie (Main Office - 1 Commerce St), Poughkeepsie (College Center - 11 Marist Dr) and Wappingers Falls.

References

  1. ^ Trinka, Mitchell. Senior wins local scholarship. Millbrook Round Table. 19 June 2008.


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