History
Rooted Here.
On February 29, 1904, a preliminary meeting was held in a small attorney’s office in Tecumseh Nebraska. The organization of a Building and Loan Association was discussed. Committees were appointed to solicit stock subscriptions, prepare, and submit Articles of Incorporation and Bylaws of a mutual savings and loan association.
During a meeting on March 8, 1904, the committee report for the Articles and Bylaws was accepted. On April 30, 1904, Tecumseh Building and Loan received its charter. Directors appointed for initial fiscal year included: C.M. Canon, C.G Woods, A.A. Shaw, P.A. Brundage, Harry Phelps, P.J. Hopkins, John R Pierson, L.M. Davis, and Roscoe Anderson. J.B. Douglas Sr served as managing officer.
Grown Here.
The Tecumseh Building and Loan Association started in a small upstairs office owned by J.B. Douglas Sr on the west side of the square. The staff consisted of one full-time employee and one part-time employee. In 1922, the office was moved to the North side of the business square. On December 12, 1960, the first day of business was conducted in the newly constructed building at its present 160 N 4th Street location.
In early 2005, the directors of the Tecumseh Building and Loan Association expressed the desire to help more people with their everchanging financial needs. On June 9, 2005, a charter conversion was approved, and Tecumseh Federal Bank was established. The charter change allowed the organization to offer more products and services and adapt to the evolving financial world.
And Thriving Here.
Tecumseh Federal Bank remains a mutual savings bank with a federal charter. It is regulated by the Office of the Comptroller of the Currency. The Board of Directors represent the communities and constituents. They direct the management team to serve the people and area with home-town values and loyalty.
Currently, eight employees assist customers with their banking needs. These individuals also proudly represent their community through their involvement with the local governments, schools, churches, and civic groups.
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