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Arlington, Texas is the 50th largest city in the U.S. and has experienced a healthy population growth of more than 17% since the 2000 census. Sandwiched in between Dallas and Fort Worth, and the home of the Dallas Cowboys, Arlington's growth is being reflected in the bottom line for Texas Trust Credit Union – but at a much faster pace.
The Arlington-based Texas Trust recently crossed the $2 billion asset threshold, just six years after hitting the $1 billion asset mark in 2016. According to credit union officials, Texas Trust reached the asset milestone after experiencing a 14% growth in assets and a 12% increase in total loans in 2022, as compared to 2021 numbers.
"Like the rest of the country, we saw vast changes in the economy in 2022," Jim Minge, CEO of Texas Trust, said. "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."
The credit union attributed its steady growth to adding branches and expanding its field of membership through mergers and organic growth. Since 2016, Texas Trust has increased its membership by 61%. Its membership number currently stands at 136,526, according to the NCUA.
The credit union now ranks as the 18th largest credit union in Texas and the 222nd largest credit union in the country.
In all, Texas Trust has 21 branches and employs 299 full-time and 13 part-time workers, according to the most recent NCUA Call Report.
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