Tower Federal Credit Union is a not-for-profit financial institution founded in 1953 by employees of the National Security Agency (NSA). Originally established to serve its founders' colleagues, the credit union now provides services to more than 220,000 members worldwide. Headquartered in Maryland, Tower Federal manages over $5 billion in total assets.
The credit union offers a range of standard financial products, including checking and savings accounts, credit cards, auto loans, mortgages, and home equity loans. As a member-owned cooperative, it operates to benefit its members rather than generate profits for shareholders, focusing on improving their financial security and well-being.
Tower Federal has been consistently recognized by Forbes Magazine as a Best-in-State Maryland credit union for service excellence, competitive rates, and community involvement. The institution supports charitable causes through its TowerCares Foundation, which aids children in need and military personnel, and through its Pennies for Change program, which has donated over $1.6 million to the community.
