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Personal Membership

Discover The TEG Difference

Enjoy the support and great service of a local credit union that provides you with the best service. Nurturing relationships. Developing solutions. Promoting growth for our members and community. We provide you with all the support you need to achieve your financial goals and the banking experience you deserve.

At TEG Federal Credit Union, we believe our people truly set us apart from other financial institutions. From our dedicated employees to our loyal members, the TEG community is built on a foundation of collaboration and growth. You’ll love experiencing the TEG Difference.

Here, you’ll find the same products and services as big banks without the hassle and high fees. We want members for life. That’s why we work hard to provide what our competitors can’t.

Our expert staff are neighbors who understand your dreams and work hard to help you achieve your financial goals because we are just like you.

You will find everything you need right here with a full line of loan and deposit options, whether opening an account, applying for a loan, or just looking for some helpful advice.

Get free checking and great competitive deposit and loan rates. Since we’re a not-for-profit organization, one of the benefits of membership is that we keep our fees low.

With multiple ways to bank, you can access your money the way you want it, when you want it, on your mobile device, online, in person, or at an ATM.

Social Security Number / Individual Taxpayer Identification Number*

Unexpired U.S. Government Issued Identification (Driver’s License, State ID, or Passport)*

Your complete physical and mailing address*

Co-borrower or joint account holder information (if applicable)

Deposit $5 into your new Share Savings account

Why is it called a ‘share’ account? That $5 represents your ownership share in the Credit Union because once you become a TEGFCU member, you also become an owner.

Checklist with Blue Pen

Federal law requires all financial institutions to obtain, verify, and record information identifying each person who opens an account to help the government fight the funding of terrorism and money laundering activities.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask for your driver’s license or other identifying documents.

TEGFCU offers a safe place to save money, with deposits insured by the National Credit Union Administration (NCUA) up to $250,000 per individual depositor. The full faith and credit of the United States backs the Share Insurance Fund.

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Been using their services for years. They truly make members feel like family. From sitting down to apply for a loan, to simply depositing a check they always make an effort to ensure all customer needs are met. Thank You.

Devon C.

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The people who work here are so nice and friendly. They’ve gone above and beyond in answering my questions and helping me with my car loan and banking. Great people!

Jason R.

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Super Friendly and knowledgeable staff! Fast service always.

Malorie D.

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These people treat you like family always. They make sure that you are good before you leave.

William A.

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Love everything about this bank. Stephany, Tamara and the rest of the staff are caring, considerate and lovely human beings. I highly recommend this branch to anyone who misses the old days of personalized banking and the staff knowing your name when you walk in the door.

Barbara R.

Get expert professional guidance, financing, and services to help your business thrive—with a local credit union’s attentive, personalized service.

  • Business loans at competitive rates
  • Business credit cards with rewards
  • Business checking and savings accounts

Membership FAQs

I’m under the age of 18. Can I join the credit union?

Yes. Minors can have their own individual savings (share) account. Custodial accounts for minors are available. Learn more.

What’s the difference between a bank and a credit union?

A bank is a for-profit organization that reports to shareholders. Banks hold deposits, make loans, pay checks, and provide other related services for the public. They collect funds from three sources: demand, savings, and time deposits; short-term borrowings from other banks; and equity capital.

A credit union is a not-for-profit financial cooperative owned by its members. Credit unions hold deposits, make loans, pay checks, and provide other consumer banking services to individuals sharing a common bond or affiliation (in our case — those who live, work, worship, or attend school in Dutchess, Orange, or Ulster County). Because credit unions operate as not-for-profit institutions, they are exempt from both federal and local taxes. A credit union gets its operating funds from shares purchased by individual owners who are members. It also pays dividends (representing the payment of interest) out of earnings.

What does TEGFCU stand for?

When it was first started back in 1969, TEG FCU stood for Taconic Educational and Governmental Federal Credit Union to designate its field of membership. As the years went on and the credit union became community chartered and simply became TEG Federal Credit Union to signify the new community charter.


At TEGFCU, your best interests have always been our focus. As a better alternative to banks, our mission is simple, to help you get to a better place financially.

Membership is open to anyone (and their immediate families) who lives, works, worships, or attends school in Dutchess, Orange, Ulster, Putnam, Rockland, Sullivan, and Westchester County, NY. A $5 minimum deposit opens the door to all the benefits of being a valued TEGFCU member.

Please note: Our online application is only for U.S. Citizens and Permanent Residents over the age of 18. Anyone else interested in membership can contact us for assistance in opening an account.

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