Credit union · NCUA insured
Tower Federal Credit Union
Top CarrotA $5B credit union, the 90th largest of 4,329, headquartered in Laurel, MD, with 218,540 members and 17 branches in Maryland. Best rates: CDs 5.20% and savings 3.50% APY.
Tower Federal Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 99% of U.S. banks and credit unions
#2 of 47 in Baltimore, MD metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Tower Federal Credit Union
Tower Federal Credit Union was formed in 1953 as a not-for-profit credit union with seven founding members.
Based in Maryland, Virginia, and Washington D.C., it operates branches across Maryland communities including Columbia, Annapolis, Laurel, and Ellicott City.
- Headquarters
- 7901 Sandy Spring Rd, Laurel, MD 20707
- NCUA charter
- 8333
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Employees of Tower partner companies listed in their partner directory are eligible for membership.
Military, government and schools
- Employees or retirees of Tower's sponsor Agency are eligible for membership.
Family and household
- Individuals related to a current Tower member are eligible for membership.
Other ways
- Individuals can become eligible for membership by making a $35 donation to The TowerCares Foundation.
Cost to join
- An initial $15 deposit opens a free checking account and a Prime Share savings account, establishing lifetime membership.
Branches
17 branches in Maryland
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Maryland
17 branches
Baltimore area · 15
- Annapolis810 Bestgate Rd, Suite 110, Annapolis, MD 21401Directions
- National Business Park300 Sentinel Dr, Annapolis Junction, MD 20701Directions
- Clarksville Branch6030 Daybreak Cir Ste A100, Clarksville, MD 21029Directions
- Snowden Branch9021 Snowden Square Dr, Columbia, MD 21046Directions
- Ellicott City9150 Baltimore National Pike Ste 12, Ellicott City, MD 21042Directions
- Burgin Branch9824 Herczog Rd, Fort Meade, MD 20755Directions
- Ecb29250 Sigaba Way, Fort Meade, MD 20755Directions
- R&E Branch9840 O'Brien Road, Fort Meade, MD 20755Directions
- Gambrills Branch1077 State Route 3 N, Gambrills, MD 21054Directions
- Arundel Mills Branch7065 Arundel Mills Blvd, Hanover, MD 21076Directions
- FANX Branch840 Elkridge Landing Rd, Linthicum, MD 21090Directions
- Millersville Branch231 Najoles Rd, Millersville, MD 21108Directions
- Owings Mills Branch9207 Lakeside Blvd, Owings Mills, MD 21117Directions
- Magothy Beach Branch25 Magothy Beach Rd, Magothy Beach Plaza, Pasadena, MD 21122Directions
- Pasadena Branch-Ritchie Hwy8146 Ritchie Hwy, Pasadena, MD 21122Directions
Washington area · 2
- Laurel HeadquartersMain office7901 Sandy Spring Rd, Laurel, MD 20707Directions
- Laurel Branch7901 Sandy Spring Rd, Laurel, MD 20707Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 14.31% | 10.86% | 12.59% or more |
| Troubled loans60+ days late | 0.39% | 0.70% | 0.46% or less |
| ProfitabilityReturn on assets | 1.19% | 0.82% | 1.16% or more |
| LendingLoans per $100 deposited | $88 | $88 | — |
- CapitalNet worth ratio14.31%Peers’ middle 10.86% · Top 25% 12.59%+
- Troubled loans60+ days late0.39%Peers’ middle 0.70% · Top 25% ≤0.46%
- ProfitabilityReturn on assets1.19%Peers’ middle 0.82% · Top 25% 1.16%+
- LendingLoans per $100 deposited$88Peers’ middle $88
Compared with the 479 credit unions with $1 billion or more in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Tower Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.