TEFCU

Transit Employees Federal Credit Union (TEFCU) was founded on March 29, 1940 as D.C. Transit Workers Division 689 Federal Credit Union, by five (5) employees of the Capital Transit Company in Washington, DC. They combined their purchasing power and started the Credit Union with thirty-seven (37) shares at a par value of $5.00 per share totaling $185.00. The Credit Union was managed by Washington Metropolitan Area Transit Authority (WMATA), and was operated exclusively for its members. One year later, on March 31, 1941, the Credit Union's name was changed to Transit Employees Federal Credit Union (TEFCU)... At TEFCU, you're not just a member, you're an owner. So, we take securing your funds very seriously. Member accounts are insured up to $500,000... In the summer of 2006, TEFCU became its own viable entity with the separation from its parent company WMATA. In 2008, TEFCU communicated with a local Credit Union, Railway Employees Federal Credit Union (REFCU), who wanted to give their..

Also known as: Transit Employees Federal Credit Union

Primary location: Washington United States