On April 5th, 1961, eight East Providence teachers appeared before the board of bankers and the Teachers Credit Union was formed. This group of good people care about the financial welfare of the people they worked with every day and they believed in the credit union philosophy of “People Helping People”.
Much has changed since those humbling beginnings but the credit union has remained true to their purpose for being. As the years went by, new and varied services were added as our members’ needs changed. A federal charter was granted to us and we recently built a beautiful building. Unlike many credit unions, our directors still do not receive any monetary compensation for the meetings they attend and their responsibility that goes with their positions. They do it simply because they care.