Our History

On April 5th, 1961, eight East Providence teachers appeared before the board of bankers and the Teachers Credit Union was formed. This group of good people care about the financial welfare of the people they worked with every day and they believed in the credit union philosophy of “People Helping People”.

Much has changed since those humbling beginnings but the credit union has remained true to their purpose for being. As the years went by, new and varied services were added as our members’ needs changed. A federal charter was granted to us and we recently built a beautiful building. Unlike many credit unions, our directors still do not receive any monetary compensation for the meetings they attend and their responsibility that goes with their positions. They do it simply because they care.

CU 4 Reality

The Financial Education Fair is the culminating event that allows the students to experience firsthand what it takes to develop a monthly expense and savings plan and gain a better appreciation of the importance of budgeting, financial planning and making wise purchasing decisions.

The following representatives of the Community & Teachers Federal Credit Union were in attendance: Barbara Geraghty, Chairman of the Board; Joan Saunders, Treasurer; Harry Mutter, Board Member, Kenneth Saunders, President and CEO; Lori Hyder, Executive Vice President and Nelia Furtado, Operations Supervisor. The students were accompanied by teachers, Keith Anderson, James Mihalos and Mike Richardson.

The CU4 Reality™ Fair would not have been possible without the support of the businesses and representatives that voluntarily staffed the booths, and Kenneth Saunders personally thanked the following businesses for their participation: Coldwell Banker Residential Brokerage, Empire Beauty School, Event Planning Specialists, Liberty Mutual, MetLife, Newman YMCA, RE/MAX River’s Edge and the many volunteers that included Chrystine Caffrey, retired East Providence High School business teacher, who also served as the Program Coordinator.

Mr. Saunders stated that during the school year, monthly presentations on Careers/Savings, Understanding Credit and Financial Planning were presented by the following representatives/volunteers: Bill Ryan, Ryan Career Associates, Rachel Wall and Natasha Liriano, Capital Good Fund and Michael Bennett, MetLife, to help the students increase their understanding of the importance of managing their personal finances in order to be prepared for the financial challenges and decisions they will face as adults.

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