Texas Trust Credit Union Reaches $2 Billion Milestone, Doubling in Size Since 2016

By: Texas Trust Credit Union
ARLINGTON, Texas - March 20, 2023 - PRLog -- Texas Trust Credit Union is now a $2 billion institution, putting it among the top 225 credit unions in the nation based on asset size.

Texas Trust achieved the milestone in late 2022, more than doubling in size since 2016, when it reached the $1 billion mark. The credit union detailed its 2022 performance and accomplishments for its recent annual meeting.

In 2022, Texas Trust:
  • Grew its assets to $2.05 billion, 14 percent over 2021
  • Added nearly 4,000 members for a total of 136,526, a 3 percent increase over 2021
  • Saw total loans climb to $1.55 billion, a 12 percent increase over 2021
Since reaching the $1 billion mark in 2016, Texas Trust has grown steadily, adding branches and increasing its geographic service area through mergers and organic growth. The credit union's total membership has increased by 61 percent since then, along with the doubling of its loans and total assets.

"Like the rest of the country, we saw vast changes in the economy in 2022," said Jim Minge, CEO of Texas Trust Credit Union. "What didn't change, though, was our focus on finding new ways to help our members. All our people worked tirelessly to help our members meet their needs."

In 2022, Texas Trust through its Texas Trust Gives Foundation donated and pledged $800,000 back to the community in support of the Foundation's mission of helping schools, teachers, students, and families. In addition, employees spent more than 1,200 volunteer hours serving in the community in various ways.

Its current asset size makes Texas Trust the 18th largest credit union in Texas and the 222nd in the United States.

About Texas Trust Credit Union

Texas Trust Credit Union has been helping build brighter financial futures since its modest beginning in 1936. Today, the full-service credit union serves more than 136,000 members. With assets of more than $2 billion, Texas Trust is the 7th largest credit union in North Texas and the 18th largest in Texas. With a focus on the community, Texas Trust is creating a legacy of giving through generous financial donations that support local school programs and activities, non-profit organizations, and student scholarships; and by providing volunteer resources through its Community Unity team, which supports scores of charitable events each year. For more information, visit TexasTrustCU.org (http://www.TexasTrustCU.org) or follow us on Facebook at facebook.com/texastrustcu (http://www.facebook.com/texastrustcu) or Twitter at @texastrustcu (http://www.twitter.com/texastrustcu).

Kristine Tanzillo, Dux Public Relations
Source:Texas Trust Credit Union
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Location:Arlington - Texas - United States
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