Tower is an NCUA insured institution located in Laurel, MD. It was founded in 1953 and has approximately $3632.27 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
https://www.towerfcu.org/pages/field-of-membership.html
NCUA Insured | Yes / Federally Chartered |
Charter Number # | # 8333 |
Date Established | 1953 |
Assets | $3,632.27 million |
Loans | $2,583.33 million |
Deposits | $3,160.30 million |
Capital | $453.22 million |
Your Current Location: Connecticut, CT 06828
Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
---|---|---|---|---|
Savings
|
0.08% | $2,500 | $4,999 |
Learn More
|
Money Market
|
0.11% | $2,500 | $2,999 |
Learn More
|
Money Market
|
0.11% | $10,000 | $14,999 |
Learn More
|
Money Market
|
0.11% | $25,000 | $29,999 |
Learn More
|
CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
---|---|---|---|---|
6 Mo CD
|
0.20% | $10,000 | $14,999 |
Learn More
|
6 Mo CD
|
0.25% | $100,000 | $199,999 |
Learn More
|
Special: 9 Mo CD
|
0.45% | $5,000 | - |
Learn More
|
12 Mo CD
|
0.40% | $10,000 | $14,999 |
Learn More
|
12 Mo CD
|
0.45% | $100,000 | $199,999 |
Learn More
|
Special: 18 Mo CD
|
0.65% | $5,000 | - |
Learn More
|
18 Mo CD
|
0.65% | $10,000 | $14,999 |
Learn More
|
18 Mo CD
|
0.65% | $100,000 | $199,999 |
Learn More
|
24 Mo CD
|
0.55% | $10,000 | $14,999 |
Learn More
|
24 Mo CD
|
0.55% | $100,000 | $199,999 |
Learn More
|
36 Mo CD
|
0.40% | $10,000 | $14,999 |
Learn More
|
36 Mo CD
|
0.40% | $100,000 | $199,999 |
Learn More
|
48 Mo CD
|
0.50% | $10,000 | $14,999 |
Learn More
|
48 Mo CD
|
0.60% | $100,000 | $199,999 |
Learn More
|
60 Mo CD
|
0.60% | $10,000 | $14,999 |
Learn More
|
60 Mo CD
|
0.70% | $100,000 | $199,999 |
Learn More
|
Int Checking Rates | APY | MIN | MAX | |
---|---|---|---|---|
Int Ckg
|
0.03% | $2,500 | $3,499 | Learn More |
Your Current Location: Connecticut, CT 06828
Home Equity Rates | APR | Rate | Monthly Payment | |
---|---|---|---|---|
Line of Credit See Table |
4.75% | 4.75% | Varies | |
Compare with 2.24 RATE Line of Credit from Third Federal Savings and Loan
![]() See All Home Equity Rates |
||||
10 Year Loan
See Table |
5.25% | 5.25% | $536.46 | |
15 Year Loan
See Table |
5.99% | 5.99% | $421.66 |
Auto Loan Rates | APR | Rate | Monthly Payment | |
---|---|---|---|---|
3 Year | 1.99% | 1.99% | $715.96 | |
4 Year | 2.99% | 2.99% | $553.25 | |
5 Year | 2.99% | 2.99% | $449.11 |
Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
---|---|---|---|---|
7 Year Adjustable Conforming See Amortization Table |
3.90% | 3.25% | $1,088.02 | |
15 Year Fixed Jumbo See Amortization Table |
3.18% | 3.13% | $1,742.13 | |
15 Year Fixed Conforming See Amortization Table |
3.19% | 3.13% | $1,742.13 | |
20 Year Fixed Conforming See Amortization Table |
3.56% | 3.38% | $1,434.53 | |
30 Year Fixed Jumbo See Amortization Table |
3.53% | 3.50% | $1,122.61 | |
30 Year Fixed Conforming See Amortization Table |
3.54% | 3.50% | $1,122.61 |
Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
---|---|---|---|---|
7 Year Adjustable Conforming See Amortization Table |
3.90% | 3.25% | $1,088.02 | |
15 Year Fixed Jumbo See Amortization Table |
3.18% | 3.13% | $1,742.13 | |
15 Year Fixed Conforming See Amortization Table |
3.19% | 3.13% | $1,742.13 | |
20 Year Fixed Conforming See Amortization Table |
3.56% | 3.38% | $1,434.53 | |
30 Year Fixed Jumbo See Amortization Table |
3.53% | 3.50% | $1,122.61 | |
Compare with 3.620% APR and 3.500% 30-Year Fixed RATE from Rocket Mortgage
![]() See All Mortgage Rates |
||||
30 Year Fixed Conforming See Amortization Table |
3.54% | 3.50% | $1,122.61 | |
Compare with 3.620% APR and 3.500% 30-Year Fixed RATE from Rocket Mortgage
![]() See All Mortgage Rates |
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.
Your Location:
Fairfield,Connecticut
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.
Tower | U.S. Average |
---|---|
2.07% | 4.42 |
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 September 30, 2020, Tower had $7,161,810 in non-current loans and $2,638,423 in owned assets. To cover these potential losses it had $453,216,660 in net worth and $19,142,394 in loans loss reserves. That gives it a Texas Ratio of 2.07%.
Tower | U.S. Average |
---|---|
12.47% | 12.91% |
Tower FCU has a net worth of 12.47% versus the BestCashCow average of 12.91. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
A federal credit union, registered with the NCUA under certificate #8333.
Learn more about credit unions here.
No, credit unions are not insured by the FDIC. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Tower is insured by the NCUA.
Please see Field of Membership information above for information on who is eligible to join.
Tower has total capital of $453.22 million. Full information on Tower's financial position is located above.
Credit Unions are owned by their members.
See branch locations nearby.
Compare home equity lines of credit rates here.
There are currently no comments for Tower. Be the first to share your experience. Please provide comments that will help others.
Add Your Review