The Better Choice as Your Trusted Financial Partner
Our Amazing People Make a Difference.
At TEG Federal Credit Union, we believe our people truly set us apart from other financial institutions. From our dedicated employees to our loyal members, the TEG community is built on a foundation of collaboration and growth. We’re proud to be local, member-owned, and not-for-profit. You’ll love experiencing the TEG Difference.
Outstanding Financial Services
Here, you’ll find the same products and services as big banks without the hassle and high fees. We want members for life. That’s why we work hard to provide what our competitors can’t.
Exceptional Service
Our expert staff are your neighbors who understand your dreams and work hard to help you achieve your financial goals because we are just like you.
Strong Products
With a full line of loan and deposit options, whether you are opening an account, applying for a loan, or just looking for some helpful advice, you will find everything you need right here.
Great Rates & Low Fees
Get free checking and great competitive deposit and loan rates. Since we’re a not-for-profit organization, one of the benefits of membership is that we keep our fees low.
Convenient Banking
With multiple ways to bank, you can access your money the way you want it, when you want it, on your mobile device, online, in person, or at an ATM.
I have had nothing but good service with them. I used to use bank of America I’m am so glad I switched. Hours are convenient and they are close to were I live.
Been using their services for years. They truly make members feel like family. From sitting down to apply for a loan, to simply depositing a check they always make an effort to ensure all customer needs are met. Thank You.
Best bank in the Hudson Valley hands down. Very consumer friendly, customer service is outstanding, and will be a lifelong customer.
Scott was great to work with! Scott helped explain all the different mortgage options available to us and made recommendations based on our specific needs. He was able to streamline the process making it easy for us with our busy schedules.
Matt and TEGFCU staff helped us with everything we needed and we greatly appreciate him. As first-time home buyers all our questions were answered promptly with no problems and highly recommend their services.
Membership FAQs
I’m under the age of 18. Can I join the credit union?
Yes. Minors can have their own individual savings (share) account. Custodial accounts for minors are available. Learn more.
What’s the difference between a bank and a credit union?
A bank is a for-profit organization that reports to shareholders. Banks hold deposits, make loans, pay checks, and provide other related services for the public. They collect funds from three sources: demand, savings, and time deposits; short-term borrowings from other banks; and equity capital.
A credit union is a not-for-profit financial cooperative owned by its members. Credit unions hold deposits, make loans, pay checks, and provide other consumer banking services to individuals sharing a common bond or affiliation (in our case — those who live, work, worship, or attend school in Dutchess, Orange, or Ulster County). Because credit unions operate as not-for-profit institutions, they are exempt from both federal and local taxes. A credit union gets its operating funds from shares purchased by individual owners who are members. It also pays dividends (representing the payment of interest) out of earnings.
What does TEGFCU stand for?
When it was first started back in 1969, TEG FCU stood for Taconic Educational and Governmental Federal Credit Union to designate its field of membership. As the years went on and the credit union became community chartered and simply became TEG Federal Credit Union to signify the new community charter.
Join TEGFCU
At TEGFCU, your best interests have always been our focus. As a better alternative to banks, our mission is simple, to help you get to a better place financially.
Membership is open to anyone (and their immediate families) who lives, works, worships, or attends school in Dutchess, Orange, Ulster, Putnam, Rockland, Sullivan, and Westchester County, NY. A $5 minimum deposit opens the door to all the benefits of being a valued TEGFCU member.
When we come together, everyone grows.
