ARLINGTON, Texas—Texas Trust Credit Union is reporting it has doubled its asset size in six years and now has hit the $2 billion threshold in assets.
In 2022, Texas Trust it reporting it:
- Grew its assets to $2.05 billion, 14% over 2021
- Added nearly 4,000 members for a total of 136,526, a 3% increase over 2021
- Saw total loans climb to $1.55 billion, a 12% 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 said.
Texas Trust added its total membership has increased by 61% since then, and has further doubled of its loans and total assets.
“Like the rest of the country, we saw vast changes in the economy in 2022,” said CEO Jim Minge. “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.”
Giving Back
In addition, in 2022, Texas Trust reported that through its Texas Trust Gives Foundation, it has 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.
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