News Feed

First Financial Federal Credit Union Mourns Loss of Founding President

Tue, May 7, 2013

Lutherville, Maryland

First Financial Federal Credit Union mourns the loss of their first President and Founder, Matthew Tress who passed away on April 27, 2013 at the age of 98. Under Tress’ leadership the credit union was established in 1953 as TABCO Federal Credit Union. At that time, assets were just $5.00 (contained in a cigar box). The credit union’s base of operations was the home of Matthew and wife, Velma Tress. He held the position of President until 1958, and served as a Board Director until 1978.  After his retirement from Baltimore County Public Schools, he relocated to Florida but maintained a lifelong membership in First Financial FCU. Mr. Tress last visited the credit union to celebrate their 50th anniversary in 2003. During his address to the membership, Tress recalled that, “big oaks from little acorns grow”; this was their hope for the young Credit Union, which was created to serve the teachers of Baltimore County, Maryland.  He spoke with pride that the commitment to serve the membership remained as strong today as it was 50 years ago.


In April of this year, First Financial Federal Credit Union celebrated its 60th anniversary and reached $1 billion in assets; both milestones were reached just a few days prior to the passing of Mr. Tress. ‘We will always be indebted to Matthew Tress for his leadership, vision and volunteer service to the credit union. We will continue his legacy of providing the highest quality products and services to our members.’ stated Rob Windsor, President/CEO of First Financial FCU.