Triangle Credit Union is a

credit union A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision ...

headquartered in

Nashua, New Hampshire Nashua is a city in southern New Hampshire, United States. At the 2020 census, it had a population of 91,322, the second-largest in northern New England after nearby Manchester. Along with Manchester, it is a seat of New Hampshire's most populous ...

. It was incorporated on September 16, 1939 for the employees of Nashua Gummed and Coated Paper Company, now known as

Nashua Corporation The Nashua Corporation (NASDAQ: NSHA) was an American company headquartered in Nashua, New Hampshire that made labels, specialty papers, and imaging products and services. On September 15, 2009, it was bought by Cenveo, Inc. As of early 2010, it ...

. The purpose of organizing the

was to allow both office and mill employees the opportunity to save money and obtain small loans at rates substantially lower than the banks or other savings and loan institutions. When the

opened for business, the office was located directly above the Traffic Department of Nashua Corporation on Franklin Street in Nashua. The credit union continued to flourish with steady increases in assets and membership. As

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great power ...

escalated, the credit union experienced little growth, since buying war bonds became predominant. However, as the national economy grew, more and more people found a need to save for the future. The credit union showed visible signs of growth during 1944-45. As the veterans returned from

in 1946, the board of directors voted to waive interest on all military loans. This meant that interest on loans procured by veterans before the

war War is an intense armed conflict between states, governments, societies, or paramilitary groups such as mercenaries, insurgents, and militias. It is generally characterized by extreme violence, destruction, and mortality, using regular o ...

, from the time they entered the armed forces until they were released, would not have to be paid. At the 21st Annual Meeting in January 1960, the board of directors became affiliated with the New Hampshire Credit Union League. In November 1960, the board adopted the policy of “Once a Member, Always a Member” with no limitations. Between the years 1967 and 1969, the credit union experienced tremendous financial and membership growth. This sudden surge prompted the board of directors to seek new quarters. On November 11, 1967, TFCU purchased the land and tenement house at 31-33 Franklin Street. The

erected a new one-story brick office building with adjoining parking lot, which was dedicated in September 1968. As part of the celebration, the

honored original officers and charter members. The

bylaws A by-law (bye-law, by(e)law, by(e) law), or as it is most commonly known in the United States bylaws, is a set of rules or law established by an organization or community so as to regulate itself, as allowed or provided for by some higher authori ...

were amended in 1968 to include members of the immediate families and employees of other

facilities outside the state of

New Hampshire New Hampshire is a state in the New England region of the northeastern United States. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Gulf of Maine to the east, and the Canadian province of Quebec to the nor ...

. In November 1996, Triangle Federal Credit Union applied for a state charter. TFCU held the distinction of being the first federal credit union to change its charter as a result of the

court action A legal case is in a general sense a dispute between opposing parties which may be resolved by a court, or by some equivalent legal process. A legal case is typically based on either civil or criminal law. In most legal cases there are one or mor ...

taken by the

American Bankers Association The American Bankers Association (ABA) is a Washington, D.C.-based trade association for the U.S. banking industry, founded in 1875. They lobby for banks of all sizes and charters, including community banks, regional and money center banks, savi ...

against federal credit unions. A motion was made and seconded by the board of directors, sanctioned by the membership, to change from Triangle Federal Credit Union to Triangle Credit Union. The State of New Hampshire Banking Department awarded Triangle Credit Union with a state chartered community

status on January 1, 1997. The credit union's field of membership extends to any individual residing within a 25-mile radius of any of TCU branch. In September 2003, Triangle Credit Union opened its first in-store branch and was the third financial institution to do so in a

BJ's Wholesale Club BJ's Wholesale Club Holdings, Inc., commonly referred as BJ's, is an American membership-only warehouse club chain based in Marlborough, Massachusetts, operating on the East Coast of the United States in addition to Ohio, Michigan, and Indiana ...

.(2003-9-9
"Triangle Credit Union Opens First In-Store Branch; IBT Assists New Hampshire Credit Union in...

Business Wire Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers ...

.Retrieved 2010-6-2.

List Of Branches

Amherst

:138 Route 101A
:Amherst, NH 03031

Derry

:3 Windham Rd
:Derry, NH 03038

Manchester

:1030 Candia Road
:Manchester, NH 03109 :257 Elm Street
:Manchester, NH 03101 :Elliot Hospital
:1 Elliot Way
:Manchester, NH 03103

Merrimack

:362 DW Highway
:Merrimack, NH 03054

Nashua

:166 DW Highway
:Nashua, NH 03060 :33 Franklin Street
:Nashua, NH 03064 :St. Joseph Hospital
:172 Kinsley St.
:Nashua, NH 03060

References

{{Reflist http://www.unionleader.com/apps/pbcs.dll/article?AID=/20160616/NEWS02/160619500/1007/news02&template=printart

External links

trianglecu.org
Banks established in 1939 Credit unions based in New Hampshire Companies based in Nashua, New Hampshire 1939 establishments in New Hampshire