Treasury Department Federal Credit Union expands with help from CUCollaborate
TDFCU was recently granted an additional underserved areaincreasing their potential membership by 72%.
WASHINGTON, D.C. (December 4, 2020) — On October 14, 2020 the NCUA approved the addition of 313-census tracts to Treasury Department Federal Credit Union’s (TDFCU) field of membership. The expansion allows TDFCU to offer their services to, anyone who lives, works, worships, attends school, and businesses and other entities in the area. The underserved area increases TDFCU’s potential field of membership potential by 72%.
TDFCU’s field of membership expanded previously in support of its primary sponsor’s objectives by including the District of Columbia and has expanded again to encompasses an even wider geographical footprint. Consumers are now eligible for membership in census tracts extending north to south from Germantown, MD to Westmoreland State Park, VA, and east to west from Patuxent Research Refuge, MD to Stafford, VA.
TDFCU enlisted the help of CUCollaborate to add the underserved area to their existing field of membership. CUCollaborate provides field of membership consulting services to help credit unions expand their field of membership with their regulator.
“Treasury Department Federal Credit Union is proud to have the opportunity to serve underserved areas surrounding the District of Columbia, in Maryland and Virginia, in addition to the District of Columbia. This expansion of our field of membership will allow TDFCU to offer to those in need, the products and services necessary to make their lives easier. Since our founding in 1935, our purpose is to improve the quality of life for our members by providing affordable financial products and services. Now more consumers will have their dreams of a better future fulfilled, because at TDFCU, We Finance Dreams™!” said Alfred Scipio, President/CEO of Treasury Department FCU.
“We are excited by Treasury Department Federal Credit Union’s expanded field of membership. Every expansion we assist with furthers our efforts to help Americans improve their financial wellness through access to the superior financial products and services offered by credit unions like TDFCU.” said Sam Brownell, Founder and CEO of CUCollaborate.
CUCollaborate is a research, consulting, and software company with a mission to help credit unions beat banks. Our proprietary software allows us to mitigate the impact regulations have on credit unions’ ability to grow. We specialize in growth, field of membership and chartering, CDFI certification and grant writing, low-income designation attainment and retention, and mergers and acquisitions. We work with over 200 credit unions ranging in size from $5 million dollars in assets to over $10 billion.
About Treasury Department FCU
The Treasury Department Federal Credit Union was founded in 1935. TDFCUs purpose is to improve the quality of life of members by providing affordable financial products and services. TDFCU goes beyond banking…offering superior financial solutions, unparalleled service and a variety of convenient access methods exclusively to members.