Robins Financial CU Latest to Cross $4 Billion Threshold

Big things are happening for a credit union in a small town in central Georgia. Robins Financial Credit Union, located in Warner Robins, Ga., became the latest credit union to reach $4 billion in assets this year.

In a statement released by the credit union Wednesday, the asset milestone was reached as of March 31.

“Reaching the $4 billion milestone is a testament to our mission to be Member Focused, Financial Partners, Community Proud,” Christina O’Brien, president/CEO of Robins Financial, said. “This is a tremendous accomplishment, especially considering that we were able to grow our assets by $1 billion in just under two years. This growth is a direct result of our phenomenal staff and everything they do to support our credit union, and our members and their continued trust in us as their financial partner.”

Over its 68-year history, Robins Financial has grown its membership to nearly 250,000 members as it has served 45 counties in the Peach State. In 2016 the credit union converted to a state charter, which potentially helped accelerate its growth rate.

Earlier in April, the Philadelphia-based American Heritage Credit Union surpassed the $4 billion asset threshold after doubling its asset size in slightly more than four years.

According to an analysis by CU Times, assets grew 2.3% among all credit unions from Oct. 31, 2021 to Jan. 31, 2022. If that growth rate held for Dec. 31 to March 31, three other credit unions easily surpassed $4 billion by March 31: Truestone Financial Credit Union of Plymouth, Minn. ($3.98 billion in assets, 198,711 members), Jovia Financial Federal Credit Union of Westbury, N.Y. ($3.96 billion in assets, 206,572 members) and University Federal Credit Union of Austin, Texas ($3.95 billion in assets, 346,455 members).

Last year, 36 credit unions surpassed $1 billion in assets, 13 surpassed $4 billion and four surpassed $10 billion.