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.
2022 was another banner year for @TexasTrustCU. The credit union hit the $2 billion asset milestone making it the 222nd largest credit union in the nation.
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.
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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.
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“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.
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