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Transit Employees Federal Credit Union

About Us

Our History

Transit Employees Federal Credit Union (TEFCU) was founded on March 29, 1940 as D.C. Transit Workers Division 689 Federal Credit Union, by five (5) employees of the Capital Transit Company in Washington, DC. They combined their purchasing power and started the Credit Union with thirty-seven (37) shares at a par value of $5.00 per share totaling $185.00. The Credit Union was managed by Washington Metropolitan Area Transit Authority (WMATA), and was operated exclusively for its members. One year later, on March 31, 1941, the Credit Union’s name was changed to Transit Employees Federal Credit Union (TEFCU).

Those first five (5) members demonstrated the true meaning of a Credit Union. They pooled their resources together and provided low interest loans to their members. This cooperative philosophy is still viable today.
In the summer of 2006, TEFCU became its own viable entity with the separation from its parent company WMATA. In 2008, TEFCU communicated with a local Credit Union, Railway Employees Federal Credit Union (REFCU), who wanted to give their members more than what they could currently offer. In December of 2008, TEFCU took this opportunity to spread its reach and merged with REFCU; allowing their members to have access to our expanded products and services. With the merger came an expansion of our charter to include Amtrak in our field of membership. In addition, TEFCU officially became a multiple common bond chartered Credit Union. On June 1, 2011, TEFCU merged with Hospitality Community Federal Credit Union (HCFCU).

TEFCU has a strong history of community and member-focused based service which serves to be mutually beneficial. TEFCU now has the opportunity and privilege to spread the Credit Union’s philosophy throughout the Washington, DC metropolitan community by seeking out select employee groups (SEG) and local businesses in the community, and adding those businesses and their employees to our field of membership.

With each new business added to our field of membership, we think back to those five (5) individuals who embodied the Credit Union’s movement. TEFCU strives to be the Credit Union of choice, where members can obtain competitive loan rates, take advantage of a variety of products and services personalized to their needs, and receive the best possible return on their funds.

"We provide personalized financial solutions and educational opportunities to assist our members’ transition through life’s journey."

Come join us.… your journey is just beginning.

Serving the Community

TEFCU sponsors and actively participates in the Washington, DC Metropolitan community through the following community services:
  • NE Community School Adoption to further reading and education
  • School Supply Drive
  • Thanksgiving Food Drive
  • Christmas Toy Drive

Your Funds are Secure

At TEFCU, you're not just a member, you're an owner. So, we take securing your funds very seriously. Member accounts are insured up to $500,000.

The National Credit Union Administration (NCUA), an agency of the federal government, provides up to $250,000 of share deposit insurance protection. Excessive Share Insurance (ESI), a subsidiary of American Share insurance, provides an additional $250,000 in coverage.

View this PDF document to learn more about how your funds are insured through the NCUA (412.9 KB). View this PDF document to learn more about how your funds are insured through ESI (217.5 KB).

Questions & Concerns

Member satisfaction is the utmost concern of TEFCU. If you have any concerns about TEFCU, please contact our Supervisory Committee below with detailed information and they will diligently respond. All questions and/or concerns will remain completely confidential.

Attn: Supervisory Committee
PO Box 509
Greenbelt, MD 20768-0509