Tower Credit Union Laurel MD | Best Auto Loans & Personal Banking

Introduction

Welcome to Tower at our Laurel Branch, located at 7901 Sandy Spring Rd, Laurel, MD 20707! For over 70 years, since our establishment in 1953, we have been dedicated to providing exceptional financial services and support to our community. With a membership base of 226,817 individuals, we pride ourselves on being more than just a credit union; we are your trusted financial partner. At Tower, we understand that every member has unique needs. That's why we offer a comprehensive range of services including checking and savings accounts, auto loans, mortgage financing, and credit cards with rewards. Our commitment to personalized service helps us foster lasting relationships with our members. With total assets exceeding $4.58 billion, and net worth standing at $620,561,604, we are well-equipped to meet the financial needs of our community. Our robust portfolio includes 172,523 loans and leases totaling an impressive $586,920,087 in deposits. This financial strength ensures that we can continue to provide competitive rates and innovative products tailored just for you. Under the leadership of CEO Richard Stafford and Board President Arland White, Jr., our experienced team of 620 employees is here to assist you every step of the way. Whether you're looking for guidance on your first home purchase or planning for retirement, we're dedicated to helping you achieve your financial goals. While members can visit us at our Laurel Branch location, official correspondence should be sent to our mailing address: Po Box 123, Annapolis Junction, MD 20701-0123. If you have any questions or need assistance, don't hesitate to reach out to us at 301-497-7000 or visit our website at towerfcu.org. We invite you to stop by or call us today! Experience the difference that comes from a credit union that truly cares about its members and their financial success.

Branch History & Mission

A Commitment to Innovation

As part of our dedication to serving you better, we continuously embrace advancements that make banking easier and more accessible. Our online and mobile banking services allow you to manage your finances anytime, anywhere. Additionally, we provide ATM access for convenient cash withdrawals and offer drive-thru banking for those who prefer face-to-face interactions without leaving their vehicles. With a strong focus on ADA compliance and customer-centric initiatives, we ensure that all members can easily access our services.

Join Us Today!

We invite you to experience the benefits of membership at Tower. Whether you're looking for a loan or simply want to open an account, we're here for you every step of the way. Come see how we can help you achieve your financial goals while making a positive impact on the community around us. For more information about becoming a member or exploring our services further, please visit our website or give us a call at 301-497-7000. Together, let's build a brighter financial future!

Our Mission

At Tower, our mission is simple yet profound: we strive to empower our members by providing them with the tools they need for financial success. We believe that everyone deserves access to quality financial services that not only meet their needs but also support their aspirations. From personal banking solutions like checking and savings accounts to auto loans and mortgages, we offer a range of products designed with our members in mind. We take pride in being more than just a financial institution; we are deeply rooted in the communities we serve. Through various outreach programs and partnerships, we actively participate in initiatives that enhance the lives of individuals and families around us. Our commitment extends beyond transactions; it's about building relationships and fostering growth within our community. While members can visit us at 7901 Sandy Spring Rd Laurel Md 20707, official correspondence should be sent to P.O. Box 123, Annapolis Junction, MD 20701-0123 if needed.

Branch Location & Accessibility

Connect With Us Today!

If you have questions or need assistance, don't hesitate to call us at 301-497-7000. We're eager to help you achieve your financial goals! Visit us today at the Laurel Branch and experience a welcoming atmosphere where members come first.

Convenient Services and Accessibility

At Tower Credit Union, we pride ourselves on providing a range of services tailored to meet your financial needs. Our branch features drive-thru banking for quick deposits and withdrawals, plus ATM access that is available whenever you need it. You'll find parking right outside for ease of access, along with ADA-compliant facilities to ensure everyone can visit us comfortably. Our friendly team is available during convenient hours Monday through Thursday from 9 AM to 5 PM, Friday from 9 AM to 6 PM, and Saturday from 9 AM to 1 PM. No matter when you stop by, we're ready to assist you with personal banking services like checking and savings accounts, auto loans, credit cards with rewards, mortgage options, and more.

Member Eligibility

At Tower, we believe that everyone deserves a chance to be part of a supportive community where your financial goals can flourish. Becoming a member is straightforward and welcoming! If you live, work, or worship in the areas we serve, you're likely eligible to join us. We embrace individuals from all walks of life, providing access to a range of benefits designed with our members in mind. To find out the specific eligibility criteria that may apply to you, feel free to check out more detailed information at https://www.towerfcu.org/about/membership. Joining is just the first step once you're a member, you can take advantage of our diverse services and friendly support. If you're ready to start your journey with us or have any questions, don't hesitate to reach out at (301) 497-7000 or visit us at our branch located at 7901 Sandy Spring Rd Laurel Md 20707. We can't wait to welcome you into the Tower family!

Business Banking & Commercial Services

Merchant Services That Make a Difference

In addition to loans, Tower offers comprehensive merchant services that simplify payment processing for your business. Imagine being able to accept payments from anywhere whether at a brick-and-mortar location or online. Our merchant solutions help streamline your transactions so you can focus on what you do best: running your business. Visit us at 7901 Sandy Spring Rd Laurel Md 20707 in Laurel, MD, or give us a call at (301) 497-7000 to learn more about how our business banking and commercial services can support your goals today!

Tailored Business Loans

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs. We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. These loans are designed to meet your specific needs, enabling you to invest in equipment, hire new staff, or enhance your marketing efforts. We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions that empower entrepreneurs across various sectors. With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Business Banking

For our local entrepreneurs, we offer Business Banking services that include everything from Merchant Services to Business Loans. We're committed to helping businesses grow and thrive in our community by providing the necessary tools and resources.

Convenience Services

We know convenience matters. That's why we provide essential services like ATM & Cash Withdrawal Services, enabling easy access to your funds whenever you need them. If you prefer face-to-face interactions, our Basic Drive-Thru Banking allows for simple transactions without leaving your vehicle. Our team is always ready to assist, whether you're calling us at (301) 497-7000 or visiting us during our convenient hours Monday through Thursday from 9:00 am to 5:00 pm, Friday from 9:00 am to 6:00 pm, and Saturday from 9:00 am to 1:00 pm. At Tower, we aim not only to meet but exceed your expectations with our comprehensive list of services tailored for you. Stop by today or visit us online at https://www.towerfcu.org/ to learn more about how we can help with all your financial needs!

Credit Cards

For those looking to earn rewards on their everyday purchases, our Credit Cards with Rewards can add extra value to your spending. Enjoy benefits tailored to your lifestyle while building credit at the same time.

Home Loans

If you're ready to buy a home or refinance an existing mortgage, our Mortgage Loans & Refinancing services are designed to guide you every step of the way. We offer personalized consultations to help determine what works best for your situation, ensuring that purchasing your dream home feels achievable.

Personal Banking

Whether you're opening your first checking account or looking to save for a big purchase, our Personal Banking options cater to all stages of life. With various Checking & Savings Accounts, you can find the right fit for your lifestyle. Imagine the ease of managing your money from anywhere with our Online & Mobile Banking features. You can easily check balances, pay bills, and transfer funds with just a few taps on your phone.

Personal Loans

Sometimes life throws unexpected expenses your way. Our Personal Loans & Debt Consolidation solutions provide quick access to cash when you need it most. Imagine tackling those bills or consolidating debt into one manageable payment without stress.

Vehicle Financing

Thinking about getting a new car? Our Auto Loans & Vehicle Financing options come with competitive rates and flexible terms, making it simpler for you to drive away in the vehicle you love. We help you navigate the financing process so you can focus on enjoying your new ride.

Digital & Online Banking

Key Services

Our online banking platform makes it easy for you to check balances, pay bills, and transfer funds. You can enjoy the convenience of e-statements, which means no more paper clutter just quick and easy access to your financial statements anytime you need them. Plus, with our mobile application, you can manage your accounts right from your smartphone or tablet. If you're looking for quick payments or sending money to friends and family, our person-to-person transfers feature allows you to do just that without any hassle. And if you're a fan of mobile payments, you'll be pleased to know that we support this feature too, making transactions smoother than ever.

Security You Can Trust

We prioritize your security. Although we do not currently offer electronic signature authorization, rest assured that all our digital services are built with advanced security measures to keep your information safe. Our user-friendly interfaces mean that even those who may not be tech-savvy can navigate their accounts easily. At Tower, we believe that banking should fit seamlessly into your life. Whether you're checking in on your savings or making a payment while out shopping, our robust digital banking tools ensure you have everything you need at your fingertips. Explore the possibilities today at https://www.towerfcu.org/!

Financial Strength

Growing Trust

Total Share Accounts stand at 478,835, showcasing a strong and growing member base that trusts us with their finances. Our Net Shares (Funds available for lending and investments) amount to $7,381,923, reinforcing our ability to support your needs as they arise. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Tower is your trusted partner. Visit us at 7901 Sandy Spring Rd Laurel Md 20707 or call 301-497-7000 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

Members' savings are secured through $839,031,059 in share certificates and $471,197,123 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our operational efficiency is reflected in our net income of $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 610 full-time employees and 10 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team.

Reinvestment for Improvement

With $610,582,282 in undivided earnings, we reinvest in innovative banking tools and stronger lending options to serve our members better. Our lending capacity is significant: with $40,515 in used auto loans and $3,387,825,443 in total loans and leases, we support members' financial goals across various sectors.

Solid Foundation

With a net worth of $620,561,604, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 1352 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $683,102,364 in used vehicle loans and $165,321,268 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive rates to make financing your next vehicle easy and affordable.

Credit Lines

For those who need extra flexibility, our credit lines amounting to $1,158,913,500 provide access to funds when you need them most. This option is ideal for managing unexpected expenses or consolidating debt. If you're interested in refinancing any existing loans or want to explore eligibility options for our products, our team is here to help. We are dedicated to finding the right loan for you while ensuring the process is clear and straightforward. For more information about our loan offerings or to speak with one of our representatives, feel free to contact us at (301) 497-7000. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Visit us at 7901 Sandy Spring Rd Laurel Md 20707 in Laurel, MD today to learn more about how we can assist you on your financial journey!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $1,351,420,673, make buying or refinancing simple. Whether you're a first-time buyer or looking to refinance an existing mortgage, we have solutions tailored to meet your needs.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $154,242,944 in loans helping members manage their finances effectively. Our credit cards come with various benefits to assist you in budgeting and making purchases without the burden of high-interest rates.

Loan Aggregator

Ensuring Accurate Comparisons

LendMesh ensures accurate loan comparisons by sourcing data directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This commitment to verified information guarantees that users receive fair and transparent offers without any hidden surprises.

Key Benefits of Using LendMesh

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. Users can trust that they are looking at genuine offers rather than misleading or outdated information. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. Every loan comparison reflects the best options available in the market. - Real-Time Rate Comparisons: With up-to-date loan rates from multiple institutions, LendMesh helps users stay informed about their options. This feature allows for quick decision-making based on current market conditions. Thousands of users trust LendMesh for loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" Such testimonials highlight the effectiveness and reliability of LendMesh as a resource for consumers. Compare real-time loan offers today at LendMesh and find the best rates for your needs. Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.

Tower

Type of Loan Offerings

Home Equity Loans

Mortgage Loans

Personal Loans

Vehicle Loans

Introduction

Branch History & Mission

A Commitment to Innovation

Join Us Today!

Our Mission

Branch Location & Accessibility

Connect With Us Today!

Convenient Services and Accessibility

Member Eligibility

Business Banking & Commercial Services

Merchant Services That Make a Difference

Tailored Business Loans

Comprehensive List Of Services

Business Banking

Convenience Services

Credit Cards

Home Loans

Personal Banking

Personal Loans

Vehicle Financing

Digital & Online Banking

Key Services

Security You Can Trust

Financial Strength

Growing Trust

Member-Centric Savings

Operational Efficiency

Reinvestment for Improvement

Solid Foundation

Loan Offering

Auto Loans

Credit Lines

Mortgage Loans

Unsecured Credit Card Loans

Loan Aggregator

Ensuring Accurate Comparisons

Key Benefits of Using LendMesh

Join Our Community