Message to Retiring Teachers

Credit Union Overview

On May 25, 1935, during the great depression, the organizational meeting of the  Housatonic Teachers Federal Credit Union first took place in Milford Connecticut.   Seven teachers formed the initial Board of Directors and each opened the first accounts with $5.00 each placed into a cigar box. 

Our founding fathers wanted teachers to have a financial institution they could have faith and trust in.  This tradition has continued for over 75 years. 

Today, from the original seven members we have expanded to well over 2000 and we are currently the best capitalized Credit Union in Connecticut. 

We are here for the benefit of our members.  Because our credit union is member owned and operated. Members are represented by a Board of Directors elected at an annual meeting held in March. Credit and Supervisory Committees are selected also. The annual meeting is open to all members. Annual reports of our operations are presented along with highlights of the year.

The field of membership includes the employees of the Boards of Education in Derby, Milford, Seymour, Shelton, Stratford, and the employees of the Housatonic Community College. Immediate members of the family residing at the same address as our primary member are eligible for membership also.