Tyco Federal Credit Union

Tyco Federal Credit Union
Tyco Federal Credit Union
Type Credit union
Industry Financial services
Founded 1971
Headquarters Menlo Park, California, United States
Area served Tyco International
Tyco Electronics
Covidien
Employees and family members
Key people Christine L. Petro, President/CEO
Jason A. Vitug, VP Membership
Tim Furlong, VP Finance
Kate Blanchard, VP Operations
Spence Leslie, Chairman
Products Savings; checking; consumer loans; mortgages; credit cards; online banking
Total assets $103M USD (2009)
Website TycoCU.coop

Tyco Federal Credit Union is a federally chartered credit union for employees of Tyco International, Tyco Electronics and Covidien. Tyco Federal Credit Union (Tyco Credit Union) is federally insured and regulated by the National Credit Union Administration (NCUA). Tyco Credit Union is headquartered in Menlo Park, California[1] with an east coast office in Fuquay-Varina, NC. Like all credit unions, Tyco Federal Credit Union is governed by a board of volunteers, elected by and from its membership.

Contents

History

Tyco Federal Credit Union was founded in 1971 as Raychem Employees' Federal Credit Union by employees of Raychem Corporation. Tyco International acquired Raychem and AMP then merged the two companies to form Tyco Electronics Group in 1999. In that same year, Raychem Federal Credit Union was renamed as Tyco Electronics Federal Credit Union to serve all US based employees of the newly formed Tyco Electronics group of Tyco International.

In 2003, Tyco Electronics Federal Credit Union was renamed Tyco Federal Credit Union to serve all US based employees of Tyco International.

In 2006, Tyco International and its Board decided to separate Tyco into three publicly independent companies, Tyco International, Tyco Electronics and Tyco Healthcare (renamed Covidien). In that same year, Tyco Federal Credit Union's field of membership expanded to include the three independent organizations.

Products and services

Banking and Mortgage Services

Field of membership

Employees of Tyco International and its subsidiaries and business units (i.e., ADT, Simplex Grinnell, Tracer, Tyco Valves, Tyco Thermal Control, Tyco Electrical and Metal)

Employees of Tyco Electronics and its business units (i.e., Elo Touchsystems, Precision Interconnect, Tyco Telecommunication)

Employees of Covidien (formerly Tyco Healthcare) and its business units (i.e., Mallinckrodt, Puritan Bennett)

Immediate family members are eligible to join.

References

  1. ^ Chan, Viva. The Largest Bay Area Credit Unions. San Francisco Business Times. 13 July 2001.

External links


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