Teamsters Council #37 Federal Credit Union was formed in 1961 to make affordable loans to Teamsters. In the years since, we’ve made more than 125,000 loans to members, totaling over $360 million. Those loans were funded by our members’ pooled savings, which earn very competitive rates and are federally insured. Today nearly 8,000 members trust us with more than $47 million in combined savings. As a not-for-profit financial cooperative, Teamsters Credit Union (TCU) does not make money for outside stockholders. The members of the credit union—Teamsters and their families–are the owners, so all of our earnings are returned to them in the form of better rates, services, and financial security.