Financial Wellness
Message from the Board Chairman—March 2025
With the current uncertainty regarding federal jobs and jobs supporting federal efforts, I want to start my message this month with the reassurance that your credit union is here for you and stands ready to serve you and your family.
If you find yourself experiencing financial difficulties, please reach out to us so we can discuss the available options to help you navigate through this tough period. Please visit a branch or contact us at 301-497-7000 if you are impacted and need financial assistance. Let us help.
You can select a Share Certificate that matures when you choose and have peace of mind knowing your deposits are insured up to $250,000 by the National Credit Union Administration. Whether you're starting with a small nest egg or a large sum, it's a secure way to grow your money worry-free.
And, for a limited time, boost your retirement savings with our bonus IRA Share Certificate rates!
If you're expecting a tax refund, a regular or IRA Share Certificate is a great option as your money will earn dividends over time.
To watch the pre-recorded video, click here. The video is available on our You Tube page and registration is not required. If you have older family members or neighbors, I encourage you to also share this video with them. Unfortunately, the elderly are often the targets of scammers and are especially vulnerable to fraud.
And be sure to check out our Fraud and Security Center for updated information on the latest scams, timely fraud prevention articles and tips, and actions you can take now to protect your hard-earned money.
If you're looking for cash to fund your home renovation projects, we offer a variety of options to help you make your dream home a reality, including a low-rate home equity loan or home improvement loan, and our new Dreamline Renovation HELOC (Home Equity Line of Credit).
Unlike our traditional HELOC, the Dreamline Renovation HELOC allows you to borrow against the future value of your home after renovations.
Whether you are planning a major renovation or want to add value to your home, let us partner with you to accomplish your goals. Your credit union can help turn your home improvement plans into a reality with tailored financial solutions.
When you refer a friend or family member who joins Tower, you will both receive a $150 gift card. It's our way of saying "Thank you" for spreading the word about the benefits of banking with us. You can earn up to $500 per calendar year for your referrals! Terms and conditions apply.
Four special $25,000 donations to local TowerCares Community Heroes charity partners (Hero Dogs, Casey Cares, Hospice of the Chesapeake, and Camp Attaway), along with our innovative Pennies for Change program, helped push the Foundation's giving over the $3 million mark in just under a decade. None of this would be possible without your continued generosity and support of the TowerCares mission.
I would also like to welcome a new volunteer Director to the TowerCares Board, CMSgt Brian Barrentine. CMSgt Barrentine, known affectionately as "Bear" to his family and friends, joined the TowerCares Board last month, replacing CMSgt Kathryn Birge, who recently retired from the military and is moving out of state with her family.
As a Director on the TowerCares Foundation Board, and on behalf of Tower's Board, I want to say "thank you" to Kate for her willingness to serve, her dedication to helping those in need, and her service and sacrifice for our country. We wish her well in her retirement and she will be missed.
We are excited and honored to have Brian as our newest TowerCares Board member, and his experience and enthusiasm will be an asset to our Foundation and those we serve.
Arland A. White, Jr.
Board of Directors Chairman
If you find yourself experiencing financial difficulties, please reach out to us so we can discuss the available options to help you navigate through this tough period. Please visit a branch or contact us at 301-497-7000 if you are impacted and need financial assistance. Let us help.
Take advantage of our high Share Certificates rates
If you're looking for better returns on your deposits, our higher-than-industry-average Share Certificates are a smart choice. Share Certificates outpace most traditional savings accounts, and you can open a Share Certificate that allows you to start with a modest deposit—or one that allows you to "bump up" to a higher rate.You can select a Share Certificate that matures when you choose and have peace of mind knowing your deposits are insured up to $250,000 by the National Credit Union Administration. Whether you're starting with a small nest egg or a large sum, it's a secure way to grow your money worry-free.
And, for a limited time, boost your retirement savings with our bonus IRA Share Certificate rates!
If you're expecting a tax refund, a regular or IRA Share Certificate is a great option as your money will earn dividends over time.
Avoid falling for scammers with our new fraud prevention webinar
Protecting our members' sensitive information and financial accounts continues to be a top priority for your Board of Directors and Senior Management team. Scams are increasingly sophisticated, and it's easy to fall prey to them. Education and staying informed are key. To help our members avoid falling victim, we created a new online fraud prevention webinar called "Outsmarting the Scammer."To watch the pre-recorded video, click here. The video is available on our You Tube page and registration is not required. If you have older family members or neighbors, I encourage you to also share this video with them. Unfortunately, the elderly are often the targets of scammers and are especially vulnerable to fraud.
And be sure to check out our Fraud and Security Center for updated information on the latest scams, timely fraud prevention articles and tips, and actions you can take now to protect your hard-earned money.
Spring is a good time to spruce up your home
With the cold winter months behind us, and warmer weather on the way, now is a good time to plan your home improvement or renovation projects, and to fix any damage that the snow and ice this winter may have caused.If you're looking for cash to fund your home renovation projects, we offer a variety of options to help you make your dream home a reality, including a low-rate home equity loan or home improvement loan, and our new Dreamline Renovation HELOC (Home Equity Line of Credit).
Unlike our traditional HELOC, the Dreamline Renovation HELOC allows you to borrow against the future value of your home after renovations.
Whether you are planning a major renovation or want to add value to your home, let us partner with you to accomplish your goals. Your credit union can help turn your home improvement plans into a reality with tailored financial solutions.
Member referral program puts money in your pocket
Our member referral program is going strong and continues to bring new members into the Tower family. I've always encouraged our members to share their positive experiences with Tower, so that others can reap the rewards of membership. And now, you can earn financial rewards when you refer your friends and colleagues to Tower.When you refer a friend or family member who joins Tower, you will both receive a $150 gift card. It's our way of saying "Thank you" for spreading the word about the benefits of banking with us. You can earn up to $500 per calendar year for your referrals! Terms and conditions apply.
TowerCares Foundation surpasses $3M in giving to help our military and Veterans
Throughout my years here at Tower, both as a member and a Board member, I have always been in awe of how willing our members and employees are to give generously to help those in need in our communities. I am especially proud to say that our TowerCares Foundation has surpassed $3 million in grants, donations, and scholarships to help our active military, Veterans, civilian Department of Defense employees, and children in need.Four special $25,000 donations to local TowerCares Community Heroes charity partners (Hero Dogs, Casey Cares, Hospice of the Chesapeake, and Camp Attaway), along with our innovative Pennies for Change program, helped push the Foundation's giving over the $3 million mark in just under a decade. None of this would be possible without your continued generosity and support of the TowerCares mission.
I would also like to welcome a new volunteer Director to the TowerCares Board, CMSgt Brian Barrentine. CMSgt Barrentine, known affectionately as "Bear" to his family and friends, joined the TowerCares Board last month, replacing CMSgt Kathryn Birge, who recently retired from the military and is moving out of state with her family.
As a Director on the TowerCares Foundation Board, and on behalf of Tower's Board, I want to say "thank you" to Kate for her willingness to serve, her dedication to helping those in need, and her service and sacrifice for our country. We wish her well in her retirement and she will be missed.
We are excited and honored to have Brian as our newest TowerCares Board member, and his experience and enthusiasm will be an asset to our Foundation and those we serve.
Thank you for your membership
In closing, on behalf of your volunteer Board or Directors, thank you for being a Tower member. We are proud to be your credit union, and we exist for the benefit of you and your fellow member-owners. We continue to seek ways to improve your member experience. Please don't hesitate to reach out to us if you need financial guidance or assistance.Arland A. White, Jr.
Board of Directors Chairman
