About Tower
Tower Federal Credit Union is a member-owned, non-profit financial institution with headquarters in Laurel, Maryland.
Established in 1953, with seven original members contributing just $5 each, Tower is the largest federal credit union in Maryland with over $2.43 billion in assets. We provide a full array of financial products and services and serve over 123,000 members worldwide. We serve our local-area members with 11 branches in Prince George's, Howard, Anne Arundel and Baltimore counties and five branches at Fort Meade, as well as online services at towerfcu.org. Members can access their accounts at over 40,000 surcharge-free ATMs nationwide.
Tower remains financially strong, despite the current economic downturn, and our strong commitment to the regional economy is exemplified by our investment in consumer loans and mortgages. In just the past five years, Tower granted over $3 billion in loans, of which $2 billion were mortgages. On a regional level, Tower infused $2.7 billion into Maryland's economy through loans to members.
In addition to mortgages, we offer low-rate home equity and auto loans, FREE checking, IRAs, financial planning, online banking and bill payment, direct deposit, debit and credit cards, financial counseling, educational materials, mobile banking and more. We continually strive to provide superior service and to deliver value through the products and services we offer to meet our members' financial needs.
Annual Reports
2010 | 2009 | 2008 | 2007 | 2006
Additional Links
- Statement of Financial Condition, as of Sept. 30, 2011
- Tower in the News
| Tower Highlights | |
| Assets: | 2.43 billion |
| Members: | 123,552 |
| Loans: | 1.28 billion |
| Deposits: | 1.96 billion |
| Employees: | 472 |
Figures as of 01/31/2012
Important Notes
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