SitNews - Stories in the News - Ketchikan, Alaska

TFCU To Open New Branch in Wrangell


May 05, 2016
Thursday PM

(SitNews) Ketchikan, Alaska - Tongass Federal Credit Union will be opening a branch in Wrangell this summer. The Board of Directors voted in favor of opeining a branch office in Wrangell at their April meeting. The new Wrangell office will be located on Front Street in the Kadin Building.

President and CEO, Helen Mickel said, “As a community credit union with a cooperative structure, we are able to provide affordable and convenient services. Decisions are made locally by employees that know and understand our members and our communities. I believe the credit union difference will be valued and appreciated in Wrangell. We are very happy to be going to Wrangell where we have already met new friends and we look forward to establishing new community partnerships.”

Tongass Federal Credit Union currently has four branches on three islands in southern southeast Alaska. Their main office and loan center are located in Ketchikan. Other branches are located in Metlakatla, Klawock, and Thorne Bay.

Tongass Federal Credit Union was founded in 1963 by a group of teachers and public employees, and soon joined by hospital workers. Tongass Federal Credit Union in the early days had humble beginnings. Originally it was a desk in the School Superintendent’s Office, as members pooled their money to provide capital (savings) and made loans to each other. This concept of “People-Helping-People” still drives credit unions today as not-for-profit financial cooperatives. In the Spring of 1999, Tongass Federal Credit Union had their first permanent facility with drive-thru opened in Ketchikan.

In December 2001, The National Credit Union Administration granted Tongass Federal Credit Union's community charter to include all of Southern Southeast Alaska.



Edited by Mary Kauffman, SitNews


Source of News:

Tongass Federal Credit Union


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