Tower Credit Union

Tower Credit Union is a federal credit union based in Laurel, Maryland. It has been opened since 1953, for 67 years.

With around $3,041,870,000 in assets, Tower Credit Union is considered to be a very large credit union. It has 17 branches and 16 ATM locations.

With 186,642 members, the Tower Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 98% of credit unions.

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Tower Credit Union. Some credit unions tend to charge more fees, while others charge less.

Tower Credit Union has 499 full-time staff members and 56 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 90% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Tower Credit Union has around 354 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Tower Credit Union holds a total of $2,440,220,000 in loans and leases, which is about $15,423 per member on average.

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Tower Credit Union pays 0.65%.