Updates

This partnership is a proactive step to ensure a sustainable future of improved services and product offerings. You will be a member of a larger financial institution that allows us to bring you more products and service enhancements that offer ease of use and convenience. The TFCU community charter will expand eligibility to all people who live work and worship in Plymouth, Bristol and Barnstable counties in MA and all of RI (except Westerly). 

No. Unlike a traditional bank merger, this is not a buy-out or acquisition. This merger represents a true collaborative partnership between two credit unions committed to their members.
 

No. Your membership will continue on with TFCU. As a member you will be able to take advantage of the additional products and services that will be available as a result of the merger.

The Board of Directors have determined a share adjustment is unnecessary due to depleted capital reserves.  

TFCU’s core goals are complimentary to AFCU’s, so it just made sense to merge with this credit union. TFCU is a well-capitalized, well-established financial institution. TFCU’s existing footprint is also well positioned to service the existing entirety of the AFCU membership base. 

All employees will remain with the Credit Union to meet member needs and the same friendly faces will continue to serve you.

The President/CEO of the combined credit union will be Nelson Tavares, the current CEO of TFCU. The manager of the AFCU branch and all of the existing employees will retain their positions. 

The combined credit union will be about $370 million in assets with over 20,000 members.

Your account number  will remain the same provided that a duplicate does not exist in the current TFCU system, otherwise we will do our best to provide a similar account number to you.  Your account will still be insured by the National Credit Union Administration (NCUA).

Your debit card will work at the time of the merger until data has been converted over to TFCU. At that time, you will receive a new Visa® Debit Card with the TFCU logo. 

Yes, this location will become TFCU’s seventh branch. 

The existing AFCU location will keep its current hours. Expanded hours will be available at all of the other 6 TFCU locations, and are as follows: 

As long as your account number is able to remain the same, your checks will be honored until they run out! Once they run out, you can order new checks with the TFCU logo and information. 

Yes, all current loan rates and terms will stay the same.