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Texas Trust Credit Union Earns Ranking as Top Credit Union Residential Mortgage Lender
Texas Trust CU has surpassed all other credit unions in the Dallas-Fort Worth market to become the 16th largest residential mortgage lender. The annual ranking is compiled by the Dallas Business Journal, north Texas' leading business publication.
Texas Trust ranked 16th overall in the yearly compilation, which was based on 2011 full-year mortgage lending figures. Only one other credit union finished in the top 25, but ranked lower than Texas Trust.
For 2011, Texas Trust reported 471 mortgages, worth $40.24 million, compared with 459 mortgages worth $38.99 million, in 2010. The number of 2011 mortgages represented about a two percent increase over 2010, while the mortgage value was up by about three percent.
"Five years ago, we set a pretty aggressive goal for Texas Trust, to become the largest credit union mortgage lender in our market," said Richard B. Whitman, vice president for mortgage and business lending for Texas Trust Credit Union. "We are proud to have achieved this goal, and we will continue to emphasize this part of our operation. Our focus on residential mortgages is beneficial both to our members and to the communities we serve."
"Under Richard's leadership, Texas Trust has developed a strong mortgage portfolio, as well as created a best-in-class service organization,"
About Texas Trust Credit Union
Texas Trust is one of the largest credit unions in North Texas and the 21st largest in Texas. It has been operating for more than 75 years. As a full-service financial institution, Texas Trust offers checking, savings, mortgages, credit cards, CDs, Money Market accounts, IRAs, and investment and insurance services. Its business services include SBA and conventional loans, electronic payment cards, checking and money market accounts, merchant card processing, online banking, insurance, and the Employee Solutions Network. With 58,000 members and assets of more than $721 million, Texas Trust operates in Dallas, Tarrant, and Henderson counties, as well as parts of Ellis and Johnson counties. Texas Trust has eight branches located in Mansfield, Grand Prairie, Arlington, Cedar Hill, and Athens. For more information, visit www.TexasTrustCU.org. Texas Trust is a federally insured financial institution. Deposits up to $250,000 are insured by the full faith of the federal government through the National Credit Union Administration (NCUA).