Tyco Federal Credit Union

You can apply for membership as early as your first day of employment at or any time afterward. Join by starting your Savings account with a minimum $50 deposit. Once your membership status is confirmed you are now a member and “once a member, always a member.”

To join, you must be employed (active or retired) by the following sponsor organizations, its subsidiaries or business units:

• Tyco International
• Tyco Electronics
• Covidien

 The credit union was started in 1971 to serve the employees of Raychem Corporation. It was founded as a non-profit financial services cooperative dedicated to helping its members with their savings and loan needs at competitive rates. After Tyco International acquired Raychem Corporation in 1999, TFCU expanded its field of membership to include all Tyco employees. In 2007, the divestiture of Tyco Electronics and Tyco Healthcare from Tyco International, expanded TFCU’s field of membership to include the three separate organizations - Tyco Electronics, Tyco International and Covidien (formerly Tyco Healthcare).

In 2008, your directors made a major decision. Because eligible Tyco employees are scattered throughout the U.S., because the cost of banking operations is increasing so dramatically, because technology is changing absolutely everything about the way banking is done, and because Tyco people tend to be more technology-savvy than most— the commitment was made to “Go Virtual”. While there is much precedent for doing this, the full concept is still new enough that Tyco Federal Credit Union may well be the first credit union in the land to go the full distance. So branches are OUT (not entirely, of course!), and the Internet is definitely IN. And we’re now exploring every avenue for delivering state-of-the-art banking services to you in a very new, very modern, very convenient, very “value-added” way.