Newtek has partnered with Teachers Federal Credit Union (TFCU), one of the largest and most prominent Credit Unions in the United States with 26 branches, 234,000 Members and $4.9 billion in assets, to provide its Members who own and operate businesses the essential tools they need to compete effectively in today’s marketplace.
Newtek President and CEO, Barry Sloane said, “We are thrilled to be partnering with TFCU. They have really impressed us as being so squarely focused on providing top-quality, cost-effective products and services to serve their Members. Progressive in their thinking, TFCU realized that to expand their role as a trusted resource to their Membership, they needed to expand the menu of core, small business products and services that they offer. We appreciate that TFCU recognized Newtek as an industry leader in providing these core products and services and saw that our specialized product suite is a natural fit for their Member base, a large percentage of whom own or operate their own businesses.”
Robert G. Allen, President and CEO of the Hauppauge, NY-based credit union, said, “We are excited to work with Newtek Business Services, Inc. as they give us the opportunity to add some innovative business operating products to our existing, robust menu of services for our Members and the small- and medium-sized businesses that they own here on Long Island. TFCU recognizes that many businesses in the community are employing our Members, and supporting those businesses is a vital service the community and the local economy.”