Better than Banks
Tower Federal Credit Union is a not-for-profit, member-owned financial cooperative. We have all the products & services offered by traditional financial institutions but with higher deposit rates, lower loan rates, few or no fees and with a focus on members’ needs, not shareholders’ wallets.
- Low loan rates
- Low or no fee products & services
- Unbeatable value
- Superior personalized service
What’s In It For My Employees?
Just a $15 deposit gives them checking, savings, and lifetime membership.
Truly free checking with no minimum balance & free direct deposit.
For a limited time, new members will get a $50 cash bonus when they open a Tower account.●
16 local branches, unlimited access to over 30,000 free ATMs nationwide
State-of-the art online and mobile banking technology
Free debit card with cash-back rewards
Tower Car Buying Service powered by TrueCar.® No-hassle pricing and discounted loan rates. Tower members save an average of $3,402 off MSRP.1
HomeAdvantage® program with Cash Rewards at settlement. Tower members save an average of $1,700.† 0% Down Mortgage financing option available.ǂ
ǂ100% financing available for purchases of primary residences in MD, DC, VA, TX, CO and FL. Condominiums are excluded for FL. For loan amounts up to $510,400 and Loan-to-Value of 97.01% to 100%. 97% financing available in most states. Based on credit underwriting. 100% jumbo financing available for purchases of primary residences in MD, DC, and VA. For loan amounts from $510,401 to $650,000 and Loan-to-Value of 95.01% to 100%.
†Click here for complete details.
Financial planning & investment services exclusively for Tower members. Non-commissioned, dedicated Wealth Advisors with an average of 18 years experience.
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Tower Federal Credit Union and Tower Wealth Management are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Tower Wealth Management, and may also be employees of Tower Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Tower Federal Credit Union or Tower Wealth Management. Securities and insurance offered through LPL or its affiliates are:
|Not Insured by NCUA or Any Other Government Agency||Not Credit Union Guaranteed||Not Credit Union Deposits or Obligations||May Lose Value|
TowerCares is the philanthropic arm of Tower. The Foundation supports children in need as well as brave and heroic individuals and their families who have sacrificed while protecting our freedom. With more than half a million dollars in grants to worthy causes, TowerCares supports those in our community that need a helping hand. Visit towercaresfoundation.org for more details and to donate.
How Does My Company Join Tower?
Even heroes need a little help sometimes.
We are here to support you. Once your company joins Tower, we can help spread the word to your employees.
Your dedicated Tower account manager can tailor a strategy to fit your company’s needs. There’s no extra work for you. From free on-site seminars about helpful financial topics like budgeting, building credit, and planning for retirement, to support materials we can provide like newsletter articles, email blasts and posters, we can help make sure your employees maximize their Tower membership.
●$50 deposit offer may be withdrawn at any time. Member must enter promotion code when applying online or provide promotion code to Member Service Representative at Tower branch. $50 deposit will be deposited in a qualified Prime Share account within 6-8 weeks from account opening. The minimum balance to open and maintain a Prime Share account is $5. Annual Percentage Yield (APY) is 0.45% and subject to change. Rates effective: 1/17/2020. Click here for current APY and rates. $50 bonus is subject to taxation. New member accounts only. Current Tower members, employees and their family members are not eligible for the $50 bonus. Tower’s field of membership eligibility requirements must be met to qualify.
Securities and financial planning offered through LPL Financial, a Registered Investment Advisor, Member FINRA and SIPC. Insurance products offered through LPL Financial or its licensed affiliates. Tower Federal Credit Union and Tower Wealth Management are not registered broker dealers nor affiliated with LPL Financial.
|Not NCUA insured.||No credit union guarantee.||May lose value.|