Boston Globe Employees Credit Union

Membership

On This Page:
What is a Credit Union?
Benefits of Membership
Who is eligible?
How to Join?
New Member Identification
Employees
Family Members

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What is a Credit Union?

A Credit Union is a financial cooperative, made up of people like you who work, save and borrow together; a financial institution for people with common financial needs. This non-profit orientation is what enables the Credit Union to return its profits to the membership. Members who save at the Credit Union provide the money for those who wish to borrow... and the interest derived from those loans is used to pay higher dividends on the members savings accounts.

Benefits of Membership

We strive to offer our members the advantage of:

High Dividends - Because you are an owner of the credit union, you share in the profits. This means we frequently pay you higher than average returns.
Lower Loan Rates - Our rates for loans are lower than other lenders in most cases. Always check with us first!
Convenience - You can save and pay loans automatically by payroll deduction or ACH/Direct Deposit. In addition, we have a number of other services to accommodate your financial needs such as Checking Accounts, ATMs, Travelers Cheques, Money Orders, VISA Cards, plus many more. Elegibility

Who is eligible?

The Boston Globe Employees Credit Union was chartered in 1962 to serve the savings and credit needs of individuals employed by The Boston Globe Newspaper Company and its subsidiaries. Since that time, with changing times and statutory authorizations, the Credit Union now serves to provide various types of savings and credit programs for employees of The Boston Globe Newspaper Company and its subsidiaries.

Additionally, your membership allows anyone in your immediate family or a relative to join the credit union. They, too, can earn above average savings rates and take advantage of numerous competitive loan programs.

How to Join?

Joining is easy. If you are eligible for membership. Visit us at the Credit Union office at 135 Morrissey Blvd and simply complete a Membership Application. All you need to do is fill out a signature card and return it to the Credit Union with a check for $25.00 to open the account.

Please include a form of photo identification according to the Patriot Act, your employee number and the company you work for—The Boston Globe, Boston.com, etc. Your check for $25.00 opens your savings account which are shares in the Credit Union. With a savings account, you are eligible for all our products and services. The USA Patriot Act requires all financial institutions to obtain, verify, and record information that identifies each person applying to do business with them.

New Member Identification

A) Employee, Request for Membership:

1) Employees The Boston Globe or affiliated organizations are required to produce two types of photo identification for membership in TBGECU:

Valid (non-expired) US or state government issued photo identification such as drivers license, state identification card, US passport, foreign passport (or cedula), US military identification, Alien Registration receipt card with photo, Canadian Drivers License, or other photo ID under List A or List B of the US Department of Justice Form I-9.
Photo ID issued by The Boston Globe or affiliated organizations. New employees amust receive their photo ID before joining TBGECU.

2) All new members must provide a valid social security or other taxpayer identification number issued by the Social Security Administration.

3) All new member applications will be verified by third party credit reference and screening to Office of Foreign Asset Control lists by, not limited to, the National Check Protection Service. Any derogatory information will be reported to the Branch Manager or Supervisor at that location. That individual has complete and final authority to decline the membership request based on this derogatory information.

B) Family Member Request for Membership:
A family member of an eligible employee requesting membership is subject to all three steps described above with the exception of 1-b. Two forms of photo identification must be presented, one of which complies with 1-a above. In addition, contact information about qualifying employee must be provided to verify membership eligibility.

Immediate family is defined as the spouse, child, sibling, parent, grandparent, or grandchild of the active member, who is or was an employee of The Boston Globe. This definition specifically includes stepparents, stepchildren, stepsiblings, and adoptive relationships. The definition also includes domestic partners, who are two unmarried adults, of the same or opposite sex, who have chosen to share and live their lives together in a spouse-like relationship. How to JoinTo become a member of the credit union, you need to complete a membership application and maintain a nominal amount in your "regular share" savings account. You are then eligible for all the benefits of membership in the Credit Union.