Teachers Federal Credit Union Opens New Branch in Naples, Florida

Teachers Federal Credit Union Naples Branch

News Summary

Teachers Federal Credit Union has launched its new branch in Naples, Florida, marking its second location in the state. The spacious facility, previously a Chase Bank, is part of the credit union’s growth strategy to enhance its presence and serve the community better. Under the leadership of President and CEO Brad Calhoun, the organization is committed to supporting local initiatives and providing competitive financial solutions tailored to its members’ needs.

Naples, Florida – Teachers Federal Credit Union Expands Reach with New Branch

Teachers Federal Credit Union has officially opened its new branch in Naples, Florida, located at 10975 Tamiami Trail. The newly established branch, which occupies a spacious 4,230 square feet, previously housed a Chase Bank. This marks Teachers Federal’s second location in Florida, building upon the credit union’s expansion efforts, which began with the opening of a Tampa branch in late 2022.

The Hauppauge-based credit union currently operates 29 branches on Long Island and now aims to enhance its presence in Florida. Under the leadership of President and CEO Brad Calhoun, Teachers Federal Credit Union has emphasized a mission that extends beyond traditional banking. The organization positions itself as a community-centric financial institution that prioritizes service and accessibility.

Commitment to the Community

The establishment of the Naples branch represents a long-term investment in the Florida region, as Teachers Federal Credit Union seeks to forge new local partnerships and support charitable initiatives in the area. In 2024, the credit union provided over $1.1 million to 105 nonprofit organizations nationwide, with a focus on enhancing education, human services, economic development, and research.

Strategic Growth and Membership

Teachers Federal Credit Union was founded in New York in 1952 and operates as a full-service, nonprofit financial institution. It has an open charter, which allows membership to anyone in the U.S. It currently boasts $9.9 billion in assets and serves over 467,000 members nationwide.

The new Naples branch aligns with the credit union’s strategic growth initiatives, which are designed to meet the needs of members across the country. The facility is designed to provide flexibility and convenience, featuring various interaction zones that cater to the different needs of customers.

Competitive Offerings

In addition to expanding its physical presence, Teachers Federal Credit Union focuses on delivering competitive rates and low fees, alongside personalized financial solutions for its members. The commitment to these principles is part of the credit union’s approach to enhance member experience and satisfaction.

Looking Forward

The inauguration of the Naples branch underscores Teachers Federal Credit Union’s ongoing dedication to fostering community relationships. With plans for future charitable engagement and support for local initiatives, the credit union aims to play an integral role in the Naples community as it continues to grow its network and services.