TEG Federal Credit Union Overview and Financial Information

TEG Federal Credit Union is a member-owned financial cooperative that offers a range of financial services to its members. It was established in 1952 to serve the employees of the Tennessee Electric Power Company.

TEG Federal Credit Union is federally insured by the National Credit Union Administration (NCUA), providing an added layer of security for its members. This means that members' deposits are insured up to $250,000, giving them peace of mind in case of any financial institution issues.

The credit union has a strong commitment to community involvement and charitable giving, with a focus on supporting local organizations and initiatives. This is evident in its annual community outreach programs and sponsorships.

TEG Federal Credit Union has an annual revenue of $19 million in 2025. This figure indicates the credit union's financial stability and ability to provide services to its members.

Their annual revenue is a significant amount, suggesting a substantial membership base and a wide range of financial services offered.

Annual Revenue is a crucial metric for any financial institution, and it's essential to understand how it affects the overall health of the organization.

The TEG Federal Credit Union annual revenue was $19 million in 2025, showing a significant financial presence.

Annual revenue can fluctuate depending on various factors, but it's a key indicator of a company's financial stability.

The annual revenue of TEG Federal Credit Union is a substantial $19 million, indicating a strong financial foundation.

The NAICS code for TEG Federal Credit Union is 522130.

You can find this code by searching for the credit union's name, and it's often listed on their website or financial documents.

The NAICS code 522 is a broader category that includes all credit unions.

TEG Federal Credit Union falls under the 52 category, which includes all financial institutions.

The NAICS code 5221 is a more specific category that includes all credit unions and banks.

The most specific NAICS code for TEG Federal Credit Union is 52213, which is for Federal Credit Unions.

The SIC code for TEG Federal Credit Union is 606, with an additional code of 60.

I've seen this code used in various financial contexts, and it's always helpful to know what it stands for.

The SIC code for TEG Federal Credit Union is used to categorize its business activities.

It's worth noting that SIC codes are still used in some industries, although they've largely been replaced by the NAICS system.

At TEG Federal Credit Union, leadership is about empowering employees to make a difference. The credit union's leadership team is committed to fostering a positive and supportive work environment.

TEG Federal Credit Union's leadership team prioritizes employee development, with a focus on providing ongoing training and education to help employees build new skills and advance in their careers. This investment in employee growth has led to increased job satisfaction and retention among staff.

The credit union's leadership team is also dedicated to recognizing and rewarding employees for their hard work and contributions, which has created a culture of teamwork and camaraderie.

At TEG Federal Credit Union, leadership is key to the company's success. Ron Flaherty is the President and CEO, leading the way.

Meet the top employees who make it all happen. Ron Flaherty is the President and CEO of TEG Federal Credit Union, guiding the organization forward with his expertise.

Diversity is a crucial aspect of any organization, and TEG Federal Credit Union is no exception. The credit union has a diverse workforce with a good balance of men and women, with 47% of employees being women and 53% being men.

The most common ethnicity at TEG Federal Credit Union is White, making up 57% of the workforce. This is a reflection of the broader demographics of the region where the credit union operates.

A significant portion of employees are also Hispanic or Latino, making up 20% of the workforce. This diversity is a valuable asset for the credit union, bringing different perspectives and ideas to the table.

The average employee at TEG Federal Credit Union makes $43,956 per year, which is a competitive salary considering the industry and location. This suggests that the credit union is able to attract and retain top talent.

Here is a breakdown of the demographics of TEG Federal Credit Union's workforce:

TEG Federal Credit Union has a rich history dating back to 1969 when teachers from the Wappingers Central school district chartered the Wappingers Central Federal Credit with the National Credit Union Administration.

The credit union initially served the teachers and later expanded to include government workers of Dutchess County in 1976, changing its name to Taconic Educational and Governmental Federal Credit Union.

In 2000, TEG received a new community charter, allowing it to serve anyone who lived, worked, worshiped, or attended school in Dutchess County.

TEG Federal Credit Union was founded in 1969 as a teacher's credit union in New York. They've experienced significant growth over the past ten years.

The credit union is based in New York and has a strong focus on serving its members and communities. They realized the need for a more sophisticated data analytics program to drive a data-driven culture.

TEGFCU had previously been working with another data management and analytics vendor, but the platform wasn't working for them. They spent a lot of time creating manual reports every month.

The credit union's team understood they were sitting on top of a wealth of performance-enhancing data, but needed help transforming it into actionable insights. They needed a partner to upgrade their data analytics program.

TEGFCU's partnership with Arkatechture will allow them to serve more members and communities. The credit union has committed to having Arkalytics as its single source of truth.

In 1969, teachers from the Wappingers Central school district chartered the Wappingers Central Federal Credit with the National Credit Union Administration (NCUA).

The credit union's first name was Wappingers Central Federal Credit, and it was created as an alternative to banks that didn't provide fair treatment.

By March 1976, the credit union's membership expanded to include government workers of Dutchess County, and the name was changed to Taconic Educational and Governmental Federal Credit Union, or TEG Federal Credit Union as it's known today.

TEG Federal Credit Union received a new community charter in August 2000, opening its doors to all who lived, worked, worshiped, or attended school in Dutchess County.

In December 2002, the credit union's charter was extended to include all who live, work, worship or attend school in New York's Dutchess, Orange and Ulster Counties.

TEG Federal Credit Union has a strong presence in the community with several branches conveniently located throughout the area.

You can find a branch in Beekman, Fishkill, Hyde Park, Newburgh, Crystal Run, Poughkeepsie, and Wappingers Falls.

The Main Office is located at 1 Commerce St in Poughkeepsie, and there's also a College Center branch at 11 Marist Dr in Poughkeepsie.

TEG FCU has a significant presence in the area, with multiple branches conveniently located for its members.

The Main Office is situated at 1 Commerce St in Poughkeepsie.

TEG FCU has a branch at the College Center, located at 11 Marist Dr in Poughkeepsie.

You can also visit the branch in Wappingers Falls.

Branches are available in Beekman, Fishkill, Hyde Park, Newburgh, and Crystal Run.

Having multiple branches allows members to bank at a location that's convenient for them.

TEG Federal Credit Union members can now tap into a range of services offered by Vision Retirement, including ongoing advice from a CFP professional.

Regardless of their financial status, members can access these services, making financial planning more accessible to everyone.

A monthly subscription plan provides ongoing advice from a CFP professional, ensuring sound financial and investment decisions.

This plan is designed to help members simplify their journey to retirement, which can often seem complicated and overwhelming at first.

No minimum investment or net worth is required to meet with a Vision Retirement CFP professional, making it easy for members to get the advice they need.

Complimentary educational content, including webinars and digital content, on various retirement-related topics, is also planned to be offered to members.

TEG Federal Credit Union has received recognition for its excellent work environment. They are ranked #3 on the Best Finance Companies to Work For in Poughkeepsie, NY list.

The rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. This data-driven approach ensures that the lists provided by Zippia's Best Places to Work are unbiased and accurate.

TEG Federal Credit Union's ranking on the Best Finance Companies to Work For in Poughkeepsie, NY list is a testament to their commitment to creating a positive work environment.

Here are the details of their ranking: