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Tower Federal Credit Union Employees Gather for Annual Dinner, Receive Recognition of Achievement, Prizes and Giveaways

[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 18. During the meeting, Tower's President and CEO, Martin Breland, and members of Tower's management team reviewed the credit union's 2013 accomplishments. They also presented new plans and initiatives for 2014 and thanked employees for another year of great service.

"Your dedication and commitment to excellent service to our members has contributed to another year of growth and success for Tower," Breland said. "You truly are our most important asset and I want to thank you all for making Tower such a great financial institution."

Despite ongoing financial and economic uncertainties in the nation's economy, Breland added, Tower continues to thrive and grow. In 2013, total assets for Tower grew by 3.7 percent to become a $2.6 billion financial institution, one of the top 50 in the country. Tower welcomed 6,200 new members in 2013 for a total of over 132,000 members. Savings balances grew by over $92 million, a 4.48 percent gain. This strong deposit growth provided Tower the ability to continue to offer competitive loan rates, low or no fee services and free checking. By the end of 2013, mortgage, home equity loans and credit lines totaled $386 million. Last year, Tower celebrated its 60th anniversary and completed a merger with the U.S. Coast Guard Community Credit Union, resulting in two additional branches—one in Baltimore, Md. and the other in Pasadena, Md.

Before the meeting, employees joined in a carnival of games called Auto Mania to learn about Tower's new online auto buying service for members, which will be available later this year. Each employee received a free car trunk organizer and participated in contests to win an Apple iPad Air™, a $200 gift certificate for auto detailing services and a bucket filled with car cleaning supplies, along with a $30 Shell® gas gift card. Employees enjoyed an entertaining and informative video about the auto buying service, followed by a plated dinner.

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