TPTCU's History

Tangipahoa Parish Teachers’ Credit Union filed its original charter to begin operations almost 72 years ago on August 27, 1946. At the time of its organization, the Credit Union had approximately 25 members and had assets in the amount of $256.50. The field of membership included employees of the Tangipahoa Parish School Board and their immediate family members. The minimum deposit to become a member was $0.25.

Mr. Jack Lanier is considered to be the founder of the Credit Union. He served on the Board of Directors from 1946-1978. Some of the original board members include Mrs. Electa Bahm, Mrs. Helen Bankston, Mrs. Alice Bickford, Mrs. Helen Brumfield, Mr. L.C. Catha, Mr. Jack Lanier, Mrs. Evelyn Courtney, Mr. L.H. Martin, Mrs. Sadie McMichael, Mrs. Heloise Raacke, Mrs. Melva Walker, Mrs. Dixie Woodall, Mrs. Amy Morgan, and Mr. W.E. Walker. Mr. W. E. Walker was the first President of the Credit Union. He served from 1946-1956. After Mr. Walker’s term expired, Mr. Jack Lanier was elected President. He served as the Credit Union’s President from 1957-1976 or nineteen years.

The third person to serve as President of the Board was L.H. Martin. He served from 1977-1978. The next President to reside over the Board of Directors is Mr. Thomas Bellavia. Mr. Bellavia has served with the Credit Union for over 48 years. He began his duties in 1970 by serving on the Credit Committee under Mr. Jack Lanier. He became President of the Board of Directors in 1979 and presently holds the same position.

Our credit union really likes numbers

Throughout the years, the Credit Union has shown significant growth, not only in asset size, but also in membership base. In October of 1969 the Credit Union expanded its field of membership to include employees of Southeastern Louisiana University and their family members.

The present minimum deposit to become a member is $26, 100% more than at origination. Today the Credit Union serves approximately 3,800 members and has assets totaling over $30 million dollars.

3,800

Members

1946

Year Established

$30M+

Assets

16

Staff / Board / Supervisory Committee

Interested in Becoming a Member?

Founded on the basic democratic premise of the cooperative movement, credit unions believe that access to low-cost financial services is critical to the health and stability of ordinary citizens. At TPTCU we offer memberships to full-time, permanent employees of Tangipahoa Parish School System or SLU.

Are you a direct relative of a current TPTCU member?
You may qualify to become a member too! Contact our offices to learn more.

REGULATION & SUPERVISION
Tangipahoa Parish Teachers' Credit Union was chartered under state law. State chartered credit unions are regulated by their state credit union department. NCUA administers the federal insurance fund, NCUSIF, which covers all federal credit unions, and most state chartered credit unions. No taxpayer money is used for regulating and overseeing federal credit unions, as all activities of NCUA and the NCUSIF are funded by credit unions.

LEGISLATIVE UPDATE
When legislation or bankers' lawsuits attack any credit union, it's an attack on all credit unions.Your Credit Union proudly protects members' right to join and participate in their not-for-profit financial cooperative.Keep up to date on legislation or anti-credit union lawsuits!