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"Ticonderoga Federal Credit Union has avoided the lending and underwriting problems that have plagued much of the industry," said. Karen L. Dorway, president of BAUERFINANCIAL. "It is clear that the staff of Ticonderoga Federal Credit Union, under the direction of Mr. Gregory D. Johnson, president and CEO, remains diligent in adhering to sound banking principles and standards."

Established in 1954, Ticonderoga Federal Credit Union has been serving the needs of its members for 55 years.

A not-for-profit cooperative offering deposit and lending services to its members, TFCU operates its main office in Ticonderoga, where it was chartered in 1954 as the International Paper Ticonderoga mill's employee credit union.

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