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Tower Federal Credit Union Annual Employee Meeting and Dinner Enlightens and Entertains Employees

Laurel, MD—Over 400 Tower Federal Credit Union employees gathered for their annual meeting at the BWI Airport Hilton® in Linthicum Heights, Md. on March 21. During the meeting, Tower's President and CEO, Martin Breland, and members of Tower's management team reviewed the credit union’s 2012 successes, emphasizing loan and asset growth. They also unveiled new plans and initiatives for 2013 and thanked employees for another year of great service.

“All of you have done an outstanding job with providing excellent service to members each day,” Breland said. “On behalf of the senior management staff, I want to thank you all for making Tower such a great financial institution.”

Despite continuing challenges in the nation's economy, Breland noted, Tower continues to thrive and grow. In 2012, Tower's assets grew by 6.2 percent to become a $2.5 billion financial institution, one of the top 50 in the country. Tower welcomed more than 6,900 new members in 2012 for a total of over 126,000 members. Savings balances grew by over $147 million, a 7.6 percent gain. This strong deposit growth provided Tower the ability to continue to offer free checking, low or no fee services and competitive loan rates. By the end of 2012, mortgage, home equity loans and credit lines totaled $456 million.

During the meeting, employees enjoyed a plated dinner, presentation of employee awards, music, a dress code fashion show, and amusing employee skits and performances. Employees participated in a promotion highlighting the ease-of-use of online Bill Payment with Tower’s Mobile App, including a chance to win a new Weber® grill. As part of the promotion, each employee received a bright red “Sizzling Hot Bill Payment” oven mitt stuffed with barbecue chips and snacks and an iTunes gift card. Some employees also won gift cards for Target® and Panera Bread®.

After the meeting, Breland formally announced Tower’s pending merger with the U.S. Coast Guard Community Credit Union (USCGCCU) and welcomed the USCGCCU employees who were present. The expected merger date is June 30, 2013.

“This merger will provide greater access to financial services and products for USCGCCU members and, in turn, will increase Tower’s membership base and branch locations,” said Breland. “We look forward to the members of a neighboring credit union joining Tower’s family.”

Tower plans to maintain USCGCCU’s two existing branch offices, located in Curtis Bay in Baltimore City, Md. and the Pine Grove Village Shopping Center in Pasadena, Md., following regulatory approval of the merger.

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