History

Teacher Federal Credit Union began with a group of eight Minneapolis teachers who decided the best way to have financial security was to help each other. Our Certificate of Organization was applied for on June 18, 1939. On September 21, 1939 TFCU opened for business.

Membership grew slowly in the early years. From 1939 to 1949, the first 100 members joined with assets of $15,000. In the next ten years membership grew to 1,000 with $500,000 in assets. Today, TFCU serves the financial needs of over 51,000 members with assets of more than $500,000,000.