New York credit union kicks off national expansion effort with Gulf Coast branch

Teachers Federal Credit Union’s Tampa office will be the institution’s first out-of-state location.

By Business Observer Staff
| 1:15 p.m. October 10, 2022
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Hauppauge, New York-based Teachers Federal Credit Union has announced plans to expand to Tampa later this year. (Courtesy photo)

Tampa Bay-Lakeland

Teachers Federal Credit Union, which boasts more than $9.2 billion in total assets and 420,000 members, has announced plans to open a branch in Tampa’s Westshore business district later this year.

According to a news release, the Hauppauge, New York-based financial institution seeks to expand nationwide, and the Tampa office will represent its first out-of-state branch. Teachers FCU was founded in 1952 as a credit union to for educators but has since grown to be one of the largest credit unions in the country, with an open charter that allows anyone to join.