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Tower Federal Credit Union was formed in 1953 when its seven original members pooled together their money, each contributing $5. Since its inception, Tower has grown to be the largest federal credit union in Maryland with $3.15 billion in assets and 187,953 members worldwide.

Tower is a co-operative organization that exists for the financial well-being of its member-owners. Unlike banks, there are no stockholders to pay. Profits are returned to members by keeping rates fair, fees few and low, performance high and deposits safe. As a member-owned, not-for-profit financial institution, Tower is committed to meeting our members’ diverse financial needs through unbeatable value, superior service, and untiring innovation. We provide top-notch financial products and services for our members.

Headquartered in Laurel, Md., Tower has branches in Anne Arundel, Baltimore, Howard and Prince George’s counties as well as at Fort Meade. Find out who we serve.

After more than 60 years of serving you, Tower remains committed to its founding principles of sound money management and prudent lending practices. Tower strives to deliver value to its members through service excellence, price, honesty, convenience and safety.

Tower at a Glance

Tower Highlights
Figures as of: 3/15/2019
Assets:$3.15 billion
Loans:$2.42 billion
Deposits:$2.74 billion

Annual Report

Statement of Financial Condition


The Credit Union Difference

Since we don’t answer to stockholders, we can offer you:
  • Lower fees
  • Higher dividends
  • Great rates on loans
  • Investment services
  • Online car buying service
  • HomeAdvantage® program
  • Free financial counseling
  • Free financial seminars
  • Access to over 47,000 surcharge-free ATMs, and more

Our members also have a voice in the direction we take, because members, as part owners of Tower, are responsible for electing a board of directors who they feel will have their best interests at the forefront.

With a credit union, you get the same stability you’d get with a bank, because your deposits are federally insured for up to $250,000 by the National Credit Union Administration (NCUA).


TowerCares Foundation

Tower Federal Credit Union is proud to have been the driving force behind the creation of the TowerCares Foundation. TowerCares is a separate entity that provides a vehicle for Tower members and employees, along with local businesses and others, to give back to their community. TowerCares’ mission is to support children in need as well as brave and heroic individuals who have sacrificed while defending our freedom, and their impacted families. Tower Federal Credit Union plans to be an ardent supporter of TowerCares. For more information, visit

TowerCares Scholarship Opportunity
The TowerCares Foundation announces its second annual college scholarship program! TowerCares will once again award up to five $5,000 scholarships for the 2019-20 academic year. Application deadline is May 15, 2019.
To apply, click hereDetails. See last year’s scholarship winners.
TowerCares is a participating charity in the 2019 Combined Federal Campaign (CFC). Our CFC number is 23594. Through the CFC, federal employees, contractors and retirees can pledge to support their favorite charities. Please consider donating to the TowerCares Foundation through the CFC. The deadline for selecting a charity is January 15, 2020. For details, speak to your CFC keyworker. Learn More.



Not a member of Tower Federal Credit Union yet? See if you are eligible to join!

For further assistance, please visit a branch or call our Member Service Center at 301-497-7000 or 866-56-TOWER.


Routing Number

ABA Routing Number: 255077370