For Employers

As an employer, what better way to show you care about your employees' financial well-being than to offer them membership into the Telephone Workers' Credit Union. By doing so, your employees will be provided with a safe, convenient place to save and borrow money at reasonable rates at an institution which exists to benefit them, not to make a profit.

Who We Are

Telephone Workers' Credit Union is a cooperative, not-for-profit financial institution organized to promote thrift and provide credit to members.
TWCU was formed in 1917 to serve the employees of New England Telephone. Today, we have over 27,000 members and are one of the oldest and most established credit unions in New England, serving employees of all companies that provide services and technologies for the purpose of the transmission and processing of information, voice, data, and video. Effective as of December 2005, we are now open to anybody who works, lives, or attends school in the Greater Boston area. Click here for a list of eligible cities and towns.
We are member-owned and controlled through a board of directors elected by the membership.

What We Can Provide Your Employees

Because we are a credit union and a not-for-profit institution, we can pay higher dividends on savings accounts (as well as charge lower rates for loans) than most banks. And rather than paying profits to stockholders, we return earnings to our members in the form of dividends and improved services. Following is a list of products and services that your employees can benefit from:

Savings Accounts* - Regular shares account, money market account, CDs ranging from 6 months to 5 years, club accounts (Christmas and Vacation), IRA money market account, IRA CDs, as well as interest bearing share draft accounts.
Share Draft Accounts* - Free Benefits Checking Account - Senior 62 Package and Under 21 Package available.
Consumer Loans - VISA credit card, Home Equity loans and lines of credit, Car Loans (both new and used), Education Loans, Share Secured Loans, Personal Loans, Pay-off-plastic (POP), Holiday, and Vacation Loans.
Home Financing Services - Fixed Rate Mortgages, Adjustable Rate Mortgages (ARMs), First-Time Home Buyers' Program, Home Buyers' Seminars and workshops.

*All deposits at Telephone Workers' Credit Union are federally insured up to $100,000 by the National Credit Union Administration (NCUA), an agency of the federal governement. In addition to federal insurance, members' deposits in excess of $100,000 are insured by the Massachusetts Share Insurance Corporation (MSIC); up to $600,000 for individual accounts and $1,200,000 for joint accounts.