Thiokol-Elkton Federal Credit Union is a not-for-profit financial alternative to banks.
Unlike other financial institutions, a credit union is owned and run by its members, who pool their savings in order to provide low cost loans and other services. If you work for one of our sponsor groups (Northrop Grumman; Cecil County Government; Town of Elkton Government; Cecil County Firemen’s Association) or have a family member who does, we invite you to join us.
Your shares in TEFCU are federally insured and backed by the full faith and credit of the United States Government by the National Credit Union Administration, an U.S. Government Agency. On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act. Included in this legislation are provisions making the current $250,000 maximum federal deposit insurance level permanent. Individual Retirement Accounts are insured separately for an additional $250,000.