Tower Credit Union Pasadena MD | Affordable Vehicle Loans & Business Banking

Introduction

At Tower, we believe in building a strong financial future for our community. Located at 25 Magothy Beach Rd, Pasadena, MD 21122, our Magothy Beach Branch has been serving members since 1953. With a proud history and a commitment to exceptional service, we currently support over 226,000 members with total assets of $4,581,628,230. Whether you're looking for personal banking services, auto loans, or business banking solutions, our dedicated team is here to help you navigate your financial journey. Under the leadership of CEO Richard Stafford and Board President Arland White, Jr., we strive to create an environment where every member feels valued and supported. While members can visit us at our branch for all their banking needs, official correspondence should be sent to the same address: 25 Magothy Beach Rd, Pasadena, MD 21122. You can reach us at 301-497-7000 for any inquiries or assistance. With total deposits of $586,920,087 and cash in hand amounting to $12,914,285, we ensure that your money is safe and accessible. Our wide range of services includes checking and savings accounts, mortgage loans, personal loans, and credit cards with rewards. We are proud to be a part of the Pasadena community and look forward to helping you achieve your financial goals. Visit us today or check out our website at towerfcu.org for more information on how we can assist you!

Branch History & Mission

Welcome to the Tower Credit Union, proudly serving the Pasadena community since 1953. With a rich history and a commitment to our members, we have grown alongside you, becoming a trusted partner in your financial journey. Our branch, located at 25 Magothy Beach Rd, Pasadena, MD 21122, has become a cornerstone of support for over 226,000 members. When we first opened our doors, our mission was simple: to provide accessible financial services while fostering a sense of community. Over the decades, we've stayed true to this purpose by expanding our offerings and enhancing member experiences. Today, with total assets surpassing $4.5 billion, we are not just a credit union; we are a thriving community resource. At Tower Credit Union, we believe that banking should be about people. Our mission is to empower individuals and families with the tools they need to achieve their financial goals while supporting local initiatives that strengthen our community ties. We offer a range of services including personal banking, auto loans, mortgage options, and business solutions all designed with your needs in mind. While members can visit us at our main branch location in Pasadena, official correspondence should be sent to the same address for clarity: 25 Magothy Beach Rd, Pasadena, MD 21122. We pride ourselves on being more than just a bank. Our drive-thru service and ATM availability make banking convenient for everyone in the area. Moreover, we're committed to digital advancements that enhance your experience through online banking and mobile payments. Community outreach is close to our heart. We actively seek partnerships with local organizations to give back and invest in programs that uplift our neighbors. Whether it's sponsoring local events or offering workshops on financial literacy, we strive to make a positive impact. As we look towards the future, we invite you to join us on this journey. Experience the benefits of being part of Tower Credit Union a place where your financial aspirations meet genuine support from dedicated professionals. For more information or to become a member today, call us at 301-497-7000 or visit our website at Tower FCU. Together, let's build a stronger community!

Branch Location & Accessibility

Convenient Access and Features

Our branch features ample parking and is fully compliant with ADA standards, ensuring that everyone can enjoy easy access to our services. With a drive-thru available, you can handle simple transactions without even leaving your car. Plus, we provide convenient ATM access for quick cash withdrawals and balance checks whenever you need them.

Operating Hours That Fit Your Schedule

We understand that life can be busy. That's why we offer flexible operating 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. Whether you're stopping by during your lunch break or after work, we aim to be there when you need us most.

Reach Out Anytime

If you have questions or need assistance, don't hesitate to call us at 301-497-7000. While members can visit us at our branch address for all banking needs, official correspondence should be directed to our mailing address at 25 Magothy Beach Rd, Pasadena, MD 21122. We invite you to stop by our Tower branch today! Our friendly staff is eager to assist with everything from personal banking and auto loans to mortgage services and credit cards with rewards. Come experience the convenience and community spirit that Tower has to offer!

Member Eligibility

At Tower, we believe that becoming a member is not just about banking; it's about joining a community that supports your financial journey. If you're looking to join us, you'll be glad to know that eligibility is open to anyone who lives, works, worships, or attends school in our local area. This means you can easily become part of our family if you're in the Pasadena region or nearby. We also welcome immediate family members of existing members, making it simple to share the benefits of membership with your loved ones. Joining Tower comes with fantastic perks like competitive rates on loans and savings accounts, personalized service, and access to our wide range of financial products tailored for your needs. To start the process, you can visit us at our welcoming branch located at 25 Magothy Beach Rd Pasadena Md 21122 or give us a call at (301) 497-7000 for more information. For detailed eligibility criteria, don't forget to check out this link. Ready to open an account? You can find everything you need here. We can't wait to welcome you into our community!

Business Banking & Commercial Services

Merchant Services That Work for You

In today's fast-paced market, having the right tools can make all the difference. Our merchant services offer practical solutions that streamline payment processing, allowing you to focus on what matters most growing your business. Imagine seamlessly accepting payments from customers while managing your cash flow effectively; that's what we aim for at Tower. Located conveniently at 25 Magothy Beach Rd Pasadena Md 21122, Pasadena, MD, we invite you to explore how our business banking and commercial services can empower your entrepreneurial journey. For more information or assistance, feel free to reach out at (301) 497-7000. Let's build your business together!

Tailored Loan Options

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. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

ATM and Drive-Thru Services

Need quick access to cash? Our ATM services allow for easy withdrawals and balance checks at your convenience. Additionally, our drive-thru service provides a hassle-free way to complete deposits, withdrawals, and simple transactions without leaving your car. At Tower, we're committed to making banking simple and accessible for everyone in the community. If you're ready to explore any of these services or if you have questions about what we offer, please don't hesitate to reach out at (301) 497-7000 or visit us online at Magothy Beach Branch. We're excited to help you achieve your financial goals!

Business Banking Services

For our business members, we provide tailored solutions that include merchant services and business loans. We believe in supporting local businesses and helping them thrive in their communities. From managing cash flow to securing funding for expansion, our team is here to assist you.

Convenient Digital Banking

In today's fast-paced world, convenience is key. That's why we emphasize our robust online and mobile banking features. With access to your accounts anytime, anywhere, managing your finances has never been easier. Enjoy features like mobile payments and person-to-person transactions right from your smartphone.

Flexible Loan Choices

Life can throw unexpected expenses your way, but with our personal loans and debt consolidation services, you can find relief without added stress. We also offer credit cards with rewards, allowing you to earn while you spend. Whether it's for emergencies or planned purchases, we've got you covered.

Home Financing Options

When it comes to buying a home, we know how important it is to have the right mortgage. At Tower, we offer mortgage loans and refinancing options that can help make homeownership more affordable. Our experienced team is ready to guide you through the process, ensuring you understand every step along the way.

Personal Banking Solutions

We understand that every member has unique financial goals. That's why we offer a variety of personal banking services. You can open checking and savings accounts designed to fit your lifestyle, whether you're saving for a vacation or planning for everyday expenses. If you're in the market for a new vehicle, our auto loans and vehicle financing options provide competitive rates and flexible terms.

Digital & Online Banking

Key Features

One of the standout features is the ability to send money directly to friends or family with our person-to-person transfer option. This makes splitting bills or sending gifts effortless! Additionally, if you're looking for an eco-friendly way to manage your statements, we offer e-statements that are not only convenient but also help reduce paper waste. For added convenience, our mobile payments feature allows you to make purchases using your smartphone. Whether you're at the store or dining out, your phone becomes a handy wallet. And with electronic signature authorization not currently offered, we ensure that all transactions are secure and verified through other means.

Security and Accessibility

Your security is our top priority. We implement advanced measures to protect your financial information while ensuring that accessing your accounts is straightforward. With real-time account management features available through both our online platform and mobile app, keeping track of your finances has never been easier. Whether you're at home or on the go, Tower provides the tools you need for effective banking right from your device. Experience peace of mind knowing that managing your finances is both secure and convenient with us!

Financial Strength

Commitment to Growth

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

Member-Centric Approach

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 $0 reflects our operational efficiency, 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, committed team.

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 $1,352 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Trustworthy Partnerships

Net Shares (Funds available for lending and investments): $7,381,923. Total Share Accounts: 478,835, showing a strong and growing member base that trusts us with their finances. 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 25 Magothy Beach Rd Pasadena Md 21122 or call (301) 497-7000 to learn more about how we can help you achieve your financial goals.

Loan Offering

Additional Services

For those interested in expanding their business ventures, we also offer commercial loans tailored to meet the needs of business owners (currently $0 are available). Our goal is to provide you with the capital necessary for growth and success. At Tower, we pride ourselves on personalized service and expert guidance. You can reach us at (301) 497-7000 for any questions or to schedule an appointment. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Explore our loan offerings today at 25 Magothy Beach Rd Pasadena Md 21122, located in Pasadena, MD. Let's work together towards achieving your financial aspirations!

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. Whether you're interested in financing a brand-new vehicle or a reliable used one, our team will guide you through the application process to ensure you find the best option for your budget.

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. We provide flexible terms and competitive rates to help make your dream of owning a home a reality. Plus, if you're considering refinancing your existing mortgage, our knowledgeable staff can assist you with eligibility options that may save you money.

Unsecured Credit Cards

Managing everyday expenses can be easier with our flexible terms on unsecured credit card loans. With a total of $154,242,944 in loans helping members manage their finances effectively, you can enjoy benefits like cash back and rewards on purchases while keeping track of your spending.

Loan Aggregator

Benefits of Using LendMesh

LendMesh offers several key benefits to help you make informed decisions: - Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. - Real-Time Rate Comparisons: Up-to-date loan rates from multiple institutions help users understand their options at a glance. 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!"

Ensuring Accurate Comparisons

LendMesh prioritizes transparency and accuracy in its loan comparisons. The loan data is sourced 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 ensures that users receive fair and transparent offers without hidden fees or unexpected terms.

Take Action Today

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

Branch Location & Accessibility

Convenient Access and Features

Operating Hours That Fit Your Schedule

Reach Out Anytime

Member Eligibility

Business Banking & Commercial Services

Merchant Services That Work for You

Tailored Loan Options

Comprehensive List Of Services

ATM and Drive-Thru Services

Business Banking Services

Convenient Digital Banking

Flexible Loan Choices

Home Financing Options

Personal Banking Solutions

Digital & Online Banking

Key Features

Security and Accessibility

Financial Strength

Commitment to Growth

Member-Centric Approach

Operational Efficiency

Solid Foundation

Trustworthy Partnerships

Loan Offering

Additional Services

Auto Loans

Mortgage Loans

Unsecured Credit Cards

Loan Aggregator

Benefits of Using LendMesh

Ensuring Accurate Comparisons

Take Action Today

Join Our Community