PO BOX 1280
Laurel, MD 20725

Phone: 1-301-497-7000


2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 8333
Date Established 1953
Assets $3,104.25 million
Loans $2,323.45 million
Deposits $2,689.23 million
Capital $369.19 million

Tower is an NCUA insured institution located in Laurel, MD. It was founded in 1953 and has approximately $3104.25 millions in assets.

Who can join?

How to Become a Member

If you are employed by one of the businesses listed below or if you are a member of one of the associations, you are eligible to join Tower Federal Credit Union. Tower's membership includes companies, businesses and associations located in our primary service area.

For the list

Field of Membership Restrictions

Membership is in Tower Federal Credit Union is open to members of the Maryland Chapter of the American Consumer Council. Membership is also open to employees Lorien Health Systems, McClendon Corporation, Next Century Corporation and over 300 Select Employer Groups and organizations.

Deposit Rates - February 15, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.85% $2,500 - Learn MoreShow Less
Fixed IRA
2.35% $500 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
2.00% $500 $99,999 Learn MoreShow Less
2.35% $500 $99,999 Learn MoreShow Less
24 Mo CD
2.85% $500 - Learn MoreShow Less
36 Mo CD
2.30% $500 - Learn MoreShow Less
2.45% $500 $19,999 Learn MoreShow Less
2.55% $20,000 $9,999,999 Learn MoreShow Less
48 Mo CD
2.55% $20,000 - Learn MoreShow Less
2.80% $500 $19,999 Learn MoreShow Less
2.90% $20,000 $9,999,999 Learn MoreShow Less
60 Mo CD
2.90% $20,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.75% $5 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $10 - Learn MoreShow Less

Loan Rates - February 15, 2019

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 2.49% 2.49% $721.42
4 Year 2.99% 2.99% $553.25
5 Year 2.99% 2.99% $449.11
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.


Below are Tower branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Tower Locations

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Financial Details

Tower Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Tower. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Tower U.S. Average
5.37% 5.78

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2018, Tower had $16,354,038 in non-current loans and $4,297,276 in owned assets. To cover these potential losses it had $369,187,000 in net worth and $15,696,787 in loans loss reserves. That gives it a Texas Ratio of 5.37%.

Net Worth
Tower U.S. Average
12.14% 13.21%

Tower FCU has a net worth of 12.14% versus the BestCashCow average of 13.21. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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*All images, logos and public notes on this page appear courtesy of TOWER and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.