Tower Credit Union

About Tower Credit Union

Tower Credit Union Location

7901 Sandy Spring Road
Laurel, MD 20707

Phone: (301) 497-7000
Website: TowerFCU.org
Routing/Transit Number: Not Available

Tower Credit Union Information

Tower Credit Union of Laurel, MD is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 116576 members and assets of $1,829,156,032, as compared to the national average of $93 million dollars of assets per credit union. Tower Credit Union, first opened in 1953 and has been in operation since then. Additionally, Tower Credit Union has 374 full time employees and 80 part time employees, or 256.775330396 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Tower Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Tower Credit Union is a not-for-profit, cooperative, tax-exempt organization.