Founded in 1963 by a group of teachers and public employees, and soon joined by hospital workers, Tongass Federal Credit Union in the early days had humble beginnings. Originally it was a desk in the School Superintendent’s Office, as members pooled their money to provide capital (savings) and made loans to each other. This concept of “People-Helping-People” still drives credit unions today as not-for profit financial cooperatives. Find out more about credit unions.
Since we received our community charter from The National Credit Union Administration in 2001, we have been honored to continue building our operations and services by expanding credit union access to the people of Southern Southeast Alaska. New branches have been opened in Metlakatla, Thorne Bay and Klawock. All were by the invitation of community leaders who recognized the need for credit union services in their communities.
Some historical highlights:
Spring 1999 – our first permanent facility with drive-thru opened in Ketchikan
December 2001 – The National Credit Union Administration granted our community charter to include all of Southern Southeast Alaska
October 2005 – We opened a branch in Metlakatla (vacated by a bank)
March 2006 – Thorne Bay volunteers organized an ATM and two-day-a-week service
July 2007 – Thorne Bay Branch moves into Island News Building
June 2008 – New Branch opened at the Klawock Market on POW
November 2008 – Mary Frances Towers Branch opens in downtown Ketchikan
March 2010 – Klawock Branch moves into Klawock Mall Unit 5
May 2011 – TFCU Loan Center at 2106 Tongass Avenue in Ketchikan opens
July 2011 – Mary Frances Branch closed
June 2012 – TFCU’s new branch building opens in Metlakatla
Tongass Federal Credit Union serves residents and workers in the communities of southern Southeast Alaska.
"Our mission is to provide innovative and valuable financial services and education, to enhance the lives of our member-owners, and serve the diverse and changing needs of our coastal communities.”
Tongass Federal Credit Union
"We promote thriving communities by financially empowering our member-owners.”
*Pictures by Diane Landers