PORT HENRY — The Ticonderoga Federal Credit Union has opened its first branch office in a newly constructed building on Port Henry's Main Street.The new building at Main and Meacham streets features three teller windows, two drive-through windows and a 24-hour automatic teller machine.It also houses the Credit Union's marketing office and a member services representative.Credit Union Chief Executive Officer Gregory Johnson said Port Henry was chosen for a branch because the village has so many existing TFCU members."We're proud to join a community that has so enthusiastically welcomed us. Everyone will benefit from local access to the Credit Union's services."Credit Union Board of Directors Chairman Ralph Corbo said commercial banks and credit unions have some similarities."They offer services similar to each other but there are some crucial differences. Credit unions are not-for-profit."We exist solely to serve our members."The Port Henry branch will offer all the services of the main operation in Ticonderoga, including loan application and opening accounts."Making this our first branch is our way of achieving that philosophy," Corbo said."We believe in the Moriah-Port Henry area."
He said the Credit Union will also be opening new accounts for people at the Port Henry branch."We're excited about serving new people."The Ticonderoga Federal Credit Union was chartered in 1954 to serve International Paper's Ticonderoga mill.Since then its charter has been amended so it can serve anyone who lives, attends school or owns a business in Essex or Washington counties and the towns of Hague, Horicon and Chester in Warren County.Wendy Tatro will move from the Ticonderoga office to become branch manager at Port Henry."She'll ensure that our first branch delivers the high quality of excellence our members have come to expect," Johnson said."Wendy has been a TFCU employee for 13 years."Moriah Town Supervisor Thomas Scozzafava was on hand when the new branch opened."This is a major investment," he said."The Ticonderoga Federal Credit Union has put forth an investment in our community, and we're excited to have them here."Port Henry will be well served by the Credit Union, Village Mayor Ruth McDonough said.
"This is a welcome addition to the financial institutions in the village. We wish them success."