Celebrating 60 years
Started by Teachers and Public Workers,
Rooted in the Tongass National Forest
The Ketchikan Pulp and Paper Company builds the Ketchikan Pulp Mill with nearly 1,000 workers, many of whom moved to Ketchikan for the project. Many workers brought families which presented a great strain on local schools. The high school was built, the elementary was expanded and teachers were in high demand.
The Sitka pulp mill was purchased by the Alaska Pulp Corporation. Pulp mill workers from around the U.S. and Canada flocked to Sitka with their families because they were promised journeyman status within six months. During the peak of the pulp mill’s operation, 450 residents were employed.
A group of Alaska Pulp Corporation workers, many of whom had credit unions at their previous workplaces, resolve to build their own credit union in Sitka. On July 5, 1960 the worker’s efforts paid off. They were approved for a credit union charter aptly named the Alaska Lumber & Pulp (A.L.P.) Federal Credit Union.
A group of teachers and public workers start Tongass Federal Credit Union because their financial needs were not being met by local banks. The Treasurer of the Ketchikan Pulp Employees Credit Union presided over the first TFCU organizational meeting - a demonstration of the spirit of cooperation among credit unions.
In 1985, A.L.P. Federal Credit Union became a community-chartered credit union, allowing membership to local residents as well as employees of the pulp mill.
TFCU became a community-chartered credit union, allowing membership to people living in Ketchikan, Prince of Wales Island census area and the Wrangell-Petersburg census area.
TFCU opened our first branch outside of Ketchikan, in Metlakatla. In 2023, TFCU has over 1,100 members in Metlakatla.
2008 - 2022
Given our shared history and commitment to Southeast Alaska, in 2021 ALPS FCU and Tongass FCU proposed a merger to combine our resources and bring better service and products to all of Southeast.
We’re all looking forward to an exciting year celebrating our 60th anniversary of Southeast Strong and consolidating with ALPS FCU!
On February 1, 2023 ALPS FCU and Tongass FCU merged into one credit union under the TFCU name!
Our Juneau branch opens!
Anticipated Yakutat microsite opening.
August 1, 2023
System conversion with ALPS complete!