Welcome to
Montgomery Teachers Federal Credit Union, a
member-owned financial cooperative where your
family's needs come first. Montgomery Teachers
FCU was started in 1961 to serve educators and
students in the Montgomery area. In the past
47 years, we have been
serving members with low-cost financial services
designed to help them enjoy a better way of life.
Last year, we expanded our charter to serve
members in a seven-county area around the
Capital City - Montgomery, Butler, Crenshaw,
Autauga, Elmore, Macon, and Lowndes. If you
live, work, study, or worship in any of these seven
counties, you may be eligible for membership in our
credit union.
On April 1, we will be changing our name to
Tri-Rivers Federal Credit Union to reflect our
new field of membership and this new chapter in our
history of serving the Central Alabama region.
Once a member, always a member - even if
you change jobs or move. Your credit union stays
with you a lifetime. The Montgomery Teachers Federal
Credit Union is here to serve all of your financial
needs.
Not for profit, but for service. Because Montgomery Teachers Federal Credit Union
is a not-for-profit financial cooperative, our focus
has always been on service to members. Credit unions
provide the services members request. No need is too
big or too small.
One share, one vote. Each member has an equal vote in electing a
volunteer board of directors. Since there are no
stockholders, members receive higher rates on their
savings accounts, lower rates on loans, and lower
service fees.
Federally Insured: Your savings are
federally insured up to $100,000 by the National
Credit Union Share Insurance Fund (NCUSIF), an arm
of the National Credit Union Administration (NCUA).
The NCUA is an independent agency of the United
States Government.
How is a credit union different from a bank?
A credit union is a non-profit financial
cooperative. We're unique in that, unlike a bank, we
are mutually owned and governed by the members we
serve. Loyalty not to profits but to you, the
member, empowers your credit union to offer benefits
others can't - including fewer fees, lower loan
rates, and higher savings rates. And our guiding
principle of "People Helping People" translates to a
level of personal service you won't experience
anywhere else.
|
Credit Unions |
Banks |
|
Are
not-for-profit institutions |
Are
profit-oriented institutions |
|
Can
serve only those individuals
within their field of membership |
Can
serve anyone in the general
public |
|
Have members, each person who
deposits money has a share of
ownership |
Have customers with no ownership
in the organization |
|
Members elect a volunteer Board
of Directors to represent their
interests |
Have a paid Board of Directors
who represent the owners;
customers do not have voting
privileges |
|
Democratically controlled by
members |
Controlled by stockholders and
paid officials |
|
Are
member service-driven |
Are
profit-driven |
|
Return profits to members in the
form of lower loan rates, higher
savings rates and free or low
cost services. |
Return profits to a small group
of stockholders |
|
Are
federally insured by the
National Credit Union
Administration |
Are
federally insured by the Federal
Deposit Insurance Corporation |
|
Your Board of Directors
President: Joseph Armistead
Vice President: Eloise Moseley
Secretary:
William Gary
Treasurer:
Frederick Burks
Director: Elimira Wilson
Credit Committee Chairman: John Ivery
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