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Teachers Credit Union Becomes First Indiana Credit Union to Reach $3 Billion in Assets

January 31, 2017
By

TCU-LogoTeachers Credit Union (TCU) has announced its assets now exceed $3 billion. This places TCU in the top 1 percent nationally for asset size.

TCU leadership attributes this growth to a philosophy centered on superior member service, and reinforcement that its products and services are available to everyone. “We strive to provide the kind of support and services our members need to achieve financial success, not only today but for years to come,” said Paul Marsh, president and CEO of TCU.

Nationally, credit union memberships continue to rise as the demand for credit increases. Credit unions have comparatively lower fees and loan interest rates, and TCU is no exception as its strong loan growth remains a key factor in achieving this milestone.

In addition, membership rose 3.74 percent in 2016 throughout its 55 branches in Indiana and southwest Michigan. Currently, TCU has more than 290,000 members, which places TCU 38th nationally for membership. Many of these new members joined TCU as a result of referrals by current members who are happy with the service they receive.

“It’s so rewarding to share this exciting milestone with our members and team members. It’s our people that make TCU a great financial institution and it’s our members’ trust that has gotten us to this point.”

The foundation for this growth began in 1931 when a small group of teachers contributed a total of $67 to begin the credit union. In the 85 years since then, TCU has grown to become Indiana’s largest credit union, and now, one of the largest credit unions nationally.

 

 

About Teachers Credit Union

Teachers Credit Union (TCU) has grown to become Indiana’s largest Credit Union with $3 billion in assets, 55 branches throughout the state of Indiana and Southwest Michigan, and more than 290,000 members. A financial cooperative owned by its members, TCU offers traditional financial services including checking, savings, mortgages and credit cards, as well as non-traditional services such as investment, insurance and travel services. And while financial service is an important part of contributing to a community, TCU’s 85-year history shows a commitment to going beyond this service and working to build a better community. For more information about TCU, visit tcunet.com.