In 1937 a group of teachers with a vision came together to form a financial cooperative that could better serve the financial needs of Tucson’s school employees and their families. A year later, Tucson Teachers Federal Credit Union (TTFCU) was serving 38 members and had acquired assets of nearly $349. School employees volunteered their time to run the credit union until 1941, when the Board Treasurer was put on salary and the credit union moved into the basement of Tucson High School. Twenty years later, TTFCU had grown to 2,220 members, $ million in assets, and six full-time employees.
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