New York credit union kicks off national expansion effort with Gulf Coast branch

Teachers Federal Credit Union, which boasts more than $9.2 billion in total assets and 420,000 members, has announced plans to open a branch in Tampa’s Westshore business district later this year.

According to a news release, the Hauppauge, New York-based financial institution seeks to expand nationwide, and the Tampa office will represent its first out-of-state branch. Teachers FCU was founded in 1952 as a credit union to for educators but has since grown to be one of the largest credit unions in the country, with an open charter that allows anyone to join.

“As part of our ongoing strategic investment in our delivery channels, we are excited to continue our journey of bringing smart financial solutions and products to more members across the nation,” Teachers FCU President and CEO Brad Calhoun states in the release. “Opening a branch in Tampa is a natural next step as we continue to grow our national footprint. Not only is Tampa one of the fastest-growing cities in the country, but we also already have members who reside in Florida. We are proud of the impact we have had over the past 70 years and look forward to continuing to serve our existing members while introducing new members to the value that Teachers can bring to their financial lives.”

Teachers FCU currently operates 32 full-service branches on Long Island and in Queens and Manhattan in New York City.

(This story was updated to reflect the correct name of the credit union in second reference.)