Tyco Federal Credit Union
Reach Federal Credit Union (formerly Tyco Federal Credit Union) is a federally chartered credit union for employees of Tyco International, TE Connectivity and Covidien. Reach Federal Credit Union (Reach CU(TM)) is federally insured and regulated by the National Credit Union Administration (NCUA). Reach Credit Union is headquartered in Menlo Park, California with offices in NC, PA and FL. Like all credit unions, Reach Credit Union is governed by a board of volunteers, elected by and from its membership. History Reach Federal Credit Union was founded in 1971 as Raychem Employees' Federal Credit Union by employees of Raychem Corporation. It was founded as a non-profit financial service cooperative dedicated to helping its members get ahead financially. After Tyco International acquired Raychem in 1999, it changed its name and expanded its field of membership to include all Tyco International employees. In 2007 Tyco Electronics and Tyco Healthcare were divested from Tyco International. This modified Reach CU's field of membership to include the three separate organizations Tyco International, Tyco Electronics (now TE Connectivity), and Tyco Healthcare (now Covidien). By 2013, due to divestitures, mergers and acquisitions by its corporate sponsors, the credit union's field of membership now includes ADT, Atkore, Covidien, Elo Touch