Members Drive Growth as Truliant Surpasses $5 Billion in Assets
WINSTON-SALEM, N.C. (December 21, 2023) – Truliant Federal Credit Union announced today that it has surpassed $5 billion in assets. The milestone comes a year after the credit union passed the $4 billion mark in late 2022.
“This achievement demonstrates the loyalty of our members and their trust in Truliant’s ever expanding menu of services,” said Todd Hall, president and CEO. “We plan to keep working hard to ensure our members’ needs are met and to help our communities thrive.”
Truliant provided members with more than $59 million in direct financial benefits over the prior year through lower loan rates, higher rates of interest on deposits and having fewer fees than traditional banks, according to a mid-year 2023 Credit Union National Association (CUNA) 2023 Membership Benefits report.
The credit union's growth is also due to the addition of services. In recent years, it has significantly grown its mobile and digital services, personal and commercial insurance services, and expanded its overall branch footprint in the Upstate of South Carolina.
Truliant was listed in CUNA’s mid-year 2023 Top 100 Credit Unions report as the 89th largest credit union in the U.S., up from the 98th position in December 2022. In a soon-to-published report, CUNA lists Truliant as the 80th largest credit union in the country.
Truliant now has more than 323,000 members in North Carolina, South Carolina and Virginia. Its branch offices are regionally located in the Charlotte-Mecklenburg area, the Piedmont Triad, Upstate South Carolina, and southwestern Virginia.
About Truliant Federal Credit Union
Truliant is a mission-driven, not-for-profit financial institution that improves lives by providing great service and straightforward financial solutions. Truliant was chartered in 1952 and now serves 323,000+ members. Truliant has more than 35 Member Financial Centers in North Carolina, South Carolina and Virginia.
FOR MORE INFORMATION:
Contact: Heath Combs
[email protected]
(o) 336.293.2054 (c) 336.442.5736
