Tyco Federal Credit Union
Encyclopedia
Tyco Federal Credit Union is a federally chartered credit union
for employees of Tyco International
, Tyco Electronics
and Covidien
. Tyco Federal Credit Union (Tyco Credit Union) is federally insured and regulated by the National Credit Union Administration
(NCUA). Tyco Credit Union is headquartered in Menlo Park, California
with an east coast office in Fuquay-Varina, NC. Like all credit unions, Tyco Federal Credit Union is governed by a board of volunteers, elected by and from its membership.
Corporation. Tyco International acquired Raychem and AMP then merged the two companies to form Tyco Electronics Group in 1999. In that same year, Raychem Federal Credit Union was renamed as Tyco Electronics Federal Credit Union to serve all US based employees of the newly formed Tyco Electronics
group of Tyco International
.
In 2003, Tyco Electronics Federal Credit Union was renamed Tyco Federal Credit Union to serve all US based employees of Tyco International.
In 2006, Tyco International and its Board decided to separate Tyco into three publicly independent companies, Tyco International
, Tyco Electronics
and Tyco Healthcare (renamed Covidien
). In that same year, Tyco Federal Credit Union's field of membership expanded to include the three independent organizations.
Employees of Tyco Electronics and its business units (i.e., Elo Touchsystems, Precision Interconnect, Tyco Telecommunication)
Employees of Covidien (formerly Tyco Healthcare) and its business units (i.e., Mallinckrodt, Puritan Bennett)
Immediate family members are eligible to join.
Credit union
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...
for employees of Tyco International
Tyco International
Tyco International Ltd. is a highly diversified global manufacturing company incorporated in Switzerland, with United States operational headquarters in Princeton, New Jersey...
, Tyco Electronics
Tyco Electronics
TE Connectivity, Ltd., previously known as Tyco Electronics, Ltd., and formerly a segment of Tyco International, is a leading global provider of engineered electronic components, network solutions, undersea telecommunication systems, and specialty products for customers in more than 150 countries...
and Covidien
Covidien
Covidien , formerly Tyco Healthcare, is a healthcare device and supply company, incorporated in Dublin, Ireland, although its corporate offices are located in Mansfield, Massachusetts. On June 29, 2007, Covidien became an independent publicly traded company after being spun off from Tyco...
. Tyco Federal Credit Union (Tyco Credit Union) is federally insured and regulated by the National Credit Union Administration
National Credit Union Administration
The National Credit Union Administration is the United States independent federal agency that supervises and charters federal credit unions...
(NCUA). Tyco Credit Union is headquartered in Menlo Park, California
Menlo Park, California
Menlo Park, California is a city at the eastern edge of San Mateo County, in the San Francisco Bay Area of California, in the United States. It is bordered by San Francisco Bay on the north and east; East Palo Alto, Palo Alto, and Stanford to the south; Atherton, North Fair Oaks, and Redwood City...
with an east coast office in Fuquay-Varina, NC. Like all credit unions, Tyco Federal Credit Union is governed by a board of volunteers, elected by and from its membership.
History
Tyco Federal Credit Union was founded in 1971 as Raychem Employees' Federal Credit Union by employees of RaychemRaychem
Raychem Corporation was founded in Menlo Park/Redwood City, California in 1957 by Paul Cook, James B. Meikle, and Richard W. Muchmore. The original name of the company was RayTherm Wire and Cable and later formed a subsidiary named RayClad Tubes. The company changed names to avoid confusion with...
Corporation. Tyco International acquired Raychem and AMP then merged the two companies to form Tyco Electronics Group in 1999. In that same year, Raychem Federal Credit Union was renamed as Tyco Electronics Federal Credit Union to serve all US based employees of the newly formed Tyco Electronics
Tyco Electronics
TE Connectivity, Ltd., previously known as Tyco Electronics, Ltd., and formerly a segment of Tyco International, is a leading global provider of engineered electronic components, network solutions, undersea telecommunication systems, and specialty products for customers in more than 150 countries...
group of Tyco International
Tyco International
Tyco International Ltd. is a highly diversified global manufacturing company incorporated in Switzerland, with United States operational headquarters in Princeton, New Jersey...
.
In 2003, Tyco Electronics Federal Credit Union was renamed Tyco Federal Credit Union to serve all US based employees of Tyco International.
In 2006, Tyco International and its Board decided to separate Tyco into three publicly independent companies, Tyco International
Tyco International
Tyco International Ltd. is a highly diversified global manufacturing company incorporated in Switzerland, with United States operational headquarters in Princeton, New Jersey...
, Tyco Electronics
Tyco Electronics
TE Connectivity, Ltd., previously known as Tyco Electronics, Ltd., and formerly a segment of Tyco International, is a leading global provider of engineered electronic components, network solutions, undersea telecommunication systems, and specialty products for customers in more than 150 countries...
and Tyco Healthcare (renamed Covidien
Covidien
Covidien , formerly Tyco Healthcare, is a healthcare device and supply company, incorporated in Dublin, Ireland, although its corporate offices are located in Mansfield, Massachusetts. On June 29, 2007, Covidien became an independent publicly traded company after being spun off from Tyco...
). In that same year, Tyco Federal Credit Union's field of membership expanded to include the three independent organizations.
Field of membership
Employees of Tyco International and its subsidiaries and business units (i.e., ADT, Simplex Grinnell, Tracer, Tyco Valves, Tyco Thermal Control, Tyco Electrical and Metal)Employees of Tyco Electronics and its business units (i.e., Elo Touchsystems, Precision Interconnect, Tyco Telecommunication)
Employees of Covidien (formerly Tyco Healthcare) and its business units (i.e., Mallinckrodt, Puritan Bennett)
Immediate family members are eligible to join.