Tewksbury Federal Credit Union is a not-for-profit member-owned credit union with the goal of providing affordable financial products and personalized service to our community. Established in 1960 as a municipal credit union serving town employees and their families, we have grown through the years to more broadly focus on our entire community.

Today as a federal credit union, membership isn’t just for town employees, but is open to all. Whether you live, work or worship in Tewksbury, or through a complimentary membership with the Friends of the Tewksbury Public Library, we welcome you!

HISTORY

In 1960, several employees of Tewksbury municipal organizations came together to create what began as a small credit union intended to serve town employees and their families. The late Kenneth “Bunky” Holden, one of the original 20 members and CEO from 1980 to 2000, played an instrumental role in laying the foundation for our growth, direction and community involvement. In his words:

“In the spring of 1960 a few firefighters, teachers and other town employees thought it would be a benefit to all town employees to form a Credit Union. The philosophy of members helping other members was a strong driving force in getting started. We applied and received a charter in June of 1960. We started in a 5x5 room in the town hall with 30 members and stayed there for ten years. After the 10 years we rented a little bigger space for 27 years, where we added many services.  In 1997 we decided to buy an office condo to gain even more space. Finally, in 2003, after 6 years at the condo, we built our current building adding a drive-up window and an ATM! The new building was great but after only three years we needed to add on. In 2005 we applied for and received a Tewksbury Community charter. We have come a long way from 1960!”