More than 100 guests and employees of Teachers Federal Credit Union recently participated in a grand opening celebration of the credit union’s new state-of-the-art headquarters in Hauppauge, N.Y.
Several dignitaries, including U.S. Rep. Tim Bishop and Suffolk County legislator Wayne Horsley attended and presented proclamations. Teachers Federal Credit Union President/CEO Robert G. Allen and members of the board of directors received proclamations from U.S. Rep. Peter King and Suffolk County Treasurer Angie Carpenter.
Executive staff members provided guest tours of the new facility.
A plaque dedicating the new headquarters to Allen in recognition of his contributions to the credit union, was presented to him by TFCU Chairman Fred H. Schaefer.
“The remarkable growth of TFCU can be attributed to the foresight, determination and commitment of Bob Allen. His leadership of the credit union since 1988 has been extraordinary and accounts for the credit union’s emergence as a highly respected financial institution here on Long Island, throughout the state and across the nation,” said Schaefer.
When he joined TFCU in 1988, the credit union had approximately $250 million in assets. Now TFCU has $4 billion in assets and serves 220,000 members. The credit union has 23 branches.
“It is a humbling experience to have this impressive headquarters dedicated in my honor by the board of directors,” said Allen. “Teachers Federal Credit Union is a vital and an important institution for our members, our employees and the people of Long Island. Together we can take pride in the great strides that have been made over TFCU’s 60-year history. It has been a privilege for me to be a part of it. Now that we are in a new headquarters, we will embark on a new era in our history that holds the promise of continued growth, success and prosperity.”
The six-story, 200,000-square-foot building was purchased by TFCU in 2010. The credit union has 600 employees, of which 250 administrative staff members are located at the headquarters.