LI's Teachers Federal Credit Union To Expand To Florida

HAUPPAUGE, NY — Teachers Federal Credit Union announced its plans to expand to Florida.

The credit union, which has roughly $9.2 billion in assets and more than 420,000 members nationwide, was founded 70 years ago. Its Tampa-Westshore branch, scheduled to open later this year, will be the first outside of New York.

“As part of our ongoing strategic investment in our delivery channels, we are excited to continue our journey of bringing smart financial solutions and products to more members across the nation,” President and CEO Brad Calhoun stated in a news release. “Opening a branch in Tampa is a natural next step as we continue to grow our national footprint. Not only is Tampa one of the fastest-growing cities in the country, we already have members who reside in Florida. We are proud of the impact we have had over the last 70 years and look forward to continuing to serve our existing members while introducing new members to the value that Teachers can bring to their financial lives.”

The credit union was founded in 1952 to support educators with their finances. It has evolved into an open charter that allows anyone to join — and people from all 50 states are members.

The credit union was recently named a Best-in-State Credit Union by Forbes Magazine. Teachers also plans to continue giving to charitable causes that support education, human services, economic development, and research. In 2022, Teachers donated more than $250,000 and volunteered more than 1,500 hours.

For more information on the credit union or if you have an interest in becoming a member, you may visit the Teachers FCU website.