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April 24th, 2013

TEG credit union opens branch in Newburgh



TEG Federal Credit Union, a not-for-profit financial institution offering a broad range of services, recently opened a new branch at 16 North Plank Road in the new Powelton Plaza in Newburgh, NY.

POUGHKEEPSIE – TEG Federal Credit Union recently opened a new branch location at 16 North Plank Road in Newburgh, NY.

The 2,200 square-foot branch is located in the new Powelton Plaza at the intersection of Interstate-84 West/exit 10S and North Plank Road (Rt. 32). It offers a full range of business and consumer banking products and services. The branch features a traditional teller line, 24-hour drive-up ATM and night deposit drop, two drive-up teller stations, and on-site consumer and mortgage loan officers.

"We are very excited to be expanding into Orange County," said Ronald A. Flaherty, President & CEO. "This is an ideal location and we are delighted to have an opportunity to bring TEG’s full complement of products and services to an area of town that is not currently directly serviced by any other credit unions."

Michael E. Muldoon, a financial services professional with over 25 years of experience, will serve as the Branch Manager of the new TEG location. Muldoon has been serving as a Branch Manager of multiple branches for TEG over the past six months in preparation for the opening of this new branch.

TEG Federal Credit Union is a member-owned, not-for-profit, full-service community financial institution. Founded in 1969, TEG offers a broad range of personal financial products and services including savings accounts, checking accounts, loans, mortgages and retirement and advisory services. Membership is free with an initial $5 deposit and is open to everyone who lives, works, worships, or attends school in Dutchess, Orange and Ulster counties. The credit union operates branches in Poughkeepsie, Fishkill, Hyde Park, Beekman, Wappingers Falls, and Newburgh.

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