New Website Coming on March 1, 2017!

February 21st, 2017

We’re excited to announce that TexasTrustCU.org will be undergoing a website refresh on March 1, 2017. The new site will have an updated look and be more member-friendly. We hope you like the updates! You can send us feedback on our website in the Contact Us section or on our Facebook page.

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Qualtrust Credit Union and Texas Trust Credit Union Intend to Merge

February 15th, 2017

ARLINGTON, Texas – February 15, 2017 Qualtrust Credit Union of Las Colinas and Texas Trust Credit Union of Arlington announced their boards have agreed to unite.

The newly combined credit union will begin joint operations under the Texas Trust banner by the end of 2017, pending regulatory approval by the National Credit Union Association and the Texas Credit Union Department, and an affirmative vote by the Qualtrust membership.

The uniting of Qualtrust and Texas Trust will broaden the geographic reach and the services available to members. On top of Texas Trust’s 17 locations, the combined credit union will have five additional branches in high growth markets in Flower Mound, Bedford, Las Colinas and San Angelo. The combined assets and membership will mean a greater economy of scale that can drive further growth.

From Qualtrust’s standpoint, it is investing in its members’ financial futures by delivering an expanded product line, services to meet the complete needs of its members, and broader career opportunities for its employees.

“After careful consideration, the boards and management teams of both credit unions collectively determined that we can achieve more together for our members than we can on our own,” said Jim Minge, president and CEO of Texas Trust Credit Union. “Together we can deliver greater value to our members, who are our number one priority.”

“Like Qualtrust, Texas Trust also shares a history of outstanding service and community involvement, which is important to our members,” said John DiChiaro, president of Qualtrust Credit Union. “Our members will benefit from more choices in products and services as well as being part of one of the most respected and top-performing credit unions in Texas.”

The combined credit union will have assets in excess of $1.2 billion and more than 105,000 members and 21 locations making it one of the largest credit unions in Texas and the U.S.

Qualtrust members will vote on the merger following regulatory approval.

 

About Qualtrust Credit Union

Qualtrust’s history is rooted in Tom Green County dating back to 1948 when it began as San Angelo Telco Federal Credit Union. Today the credit union is headquartered in Las Colinas and has branches in San Angelo, Flower Mound, and Bedford. Qualtrust has 24,000 members and $200 million in assets. Visit Qualtrust.com, or see us on Facebook.com/qualtrust or Twitter @Qualtrust.

 

About Texas Trust Credit Union

Texas Trust Credit Union was created in 1936 when a group of Chance Vought Aircraft Corporation employees pooled their savings so they could help each other achieve financial goals. Today, more than 84,500 members are served through checking and savings accounts; loans (personal, mortgage, auto, and small business); credit cards; insurance products; and investment services. Texas Trust Credit Union supports local students through its “Spirit Debit Rewards” program. With every swipe of an eligible SDR card, funds are donated to the school or district of the member’s choosing. To date, Texas Trust has donated over $1.3 million since August 2011. Texas Trust serves members in Dallas, Tarrant, Henderson, Ellis, and Johnson counties through 17 locations in Mansfield, Arlington, Grand Prairie, Cedar Hill, Midlothian, DeSoto, Hurst, and Athens. With assets of $1 billion, Texas Trust is one of the largest credit unions in North Texas and the 18th largest in Texas. For more information, visit TexasTrustCU.org or follow us on facebook.com/texastrustcu or Twitter at @texastrustcu

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TXTCU Delivers Financial Literacy Training to “Drone” Students

February 7th, 2017

 

Texas Trust Credit Union Delivers Financial Literacy Training to Unmanned Aircraft Systems Students

 

 Arlington, Texas – February 7, 2017 – The Arlington Chamber of Commerce Foundation has tapped Texas Trust Credit Union to provide financial literacy training as part of the Unmanned Aircraft Systems (UAS) training.  

 

The UAS, or drone, training is part of the Wagner-Peyser Unmanned Aircraft System Consortium (UASC) grant issued in conjunction with the Texas Workforce Commission. The Wagner-Peyser project was established to lead Texas in building the future unmanned aviation industry workforce. The grant is being used to establish capabilities and certification for two- and four-year higher education programs that will prepare Texans for jobs in the industry.                         

UAS StudentsMore than 30 students, ages 18 to 24, from Tarrant County College, the University of Texas at Arlington, and the University of North Texas Denton participated in the UAS training. Texas Trust provided the required 20 hours of financial education instruction at the Tarrant County College Erma C. Johnson Northwest Center of Excellence for Aviation, Transportation and Logistics (CEATL).

 

That instruction covers everything from basic money management to specifics about managing credit, including payment cards and personal loans, as well as investing and financial considerations involved in starting a business.

 

“There is a huge gap in financial literacy among college students,” said Karen Austin, Senior Director of Education and Workforce Development and Wagner-Peyser Project Director of the Arlington Chamber of Commerce Foundation. “Since the UAS training is a demonstration program, we wanted to incorporate financial education with it to help students better prepare for life after graduation. Texas Trust was gracious in joining us as a community partner.”

 

Austin added, “While many students have hopes of turning their interest in drones into a career, they are entering an emerging industry with evolving changes. Texas Trust provided the expertise to show students the importance of a budget and practical ways to use credit to help minimize debt in their personal life and in business.”

 

About Texas Trust Credit Union

 

Texas Trust Credit Union was created in 1936 when a group of Chance Vought Aircraft Corporation employees pooled their savings so they could help each other achieve financial goals. Today, more than 84,500 members are served through checking and savings accounts; loans (personal, mortgage, auto, and small business); credit cards; insurance products; and investment services. Texas Trust Credit Union supports local students through its “Spirit Debit Rewards” program. With every swipe of an eligible SDR card, funds are donated to the school or district of the member’s choosing. To date, Texas Trust has donated over $1.3 million since August 2011. Texas Trust serves members in Dallas, Tarrant, Henderson, Ellis, and Johnson counties through 17 locations in Mansfield, Arlington, Grand Prairie, Cedar Hill, Midlothian, DeSoto, Hurst, and Athens. With assets of $1 billion, Texas Trust is one of the largest credit unions in North Texas and the 18th largest in Texas. For more information, visit TexasTrustCU.org or follow us on facebook.com/texastrustcu or Twitter at @texastrustcu

 

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Texas Trust Credit Union Achieves $1 Billion in Assets

February 2nd, 2017

ARLINGTON, Texas – February 2, 2017 – Texas Trust Credit Union has surpassed $1 billion in assets, reaching $1,021,430,369 to be exact, achieving an ambitious, multi-year goal.

When joining the credit union in 2011, Jim Minge, President and CEO, was challenged by the Board of Directors, led by Larry Skinner as Chairman, to reignite the credit union’s growth. While the credit union was healthy, its growth was not keeping up with the booming population in its markets.

“Our mission is to build brighter financial futures for our members,” said Skinner. “Our leadership team has achieved this by expanding our footprint, strengthening community relationships, and enhancing our product offerings, all while observing sound fiscal practices.”

The credit union doubled its number of branches by moving into new markets, adding two school branches and expanding its presence in Arlington, the largest city within its core field of membership. Additionally, Texas Trust vastly multiplied its ATM network by entering into partnerships with Allpoint and Dolphin Debit, which proved instrumental in giving members more convenient and surcharge-free access to their money.

Texas Trust also relocated its headquarters to an Arlington office park, which gave it room to add employees and serve more members. Overall, the credit union has grown by more than 33,000 members since 2011 with a total membership exceeding 84,500.

Through its Spirit Debit Reward program, Texas Trust differentiated itself and solidified strong community relationships with local school districts and the University of Texas at Arlington. The Spirit debit card opened new doors for the credit union, which increased member loyalty and brand visibility, and gave more than $1.3 million to participating schools based on card usage. The school relationships have also become central to Texas Trust’s mission of building brighter financial futures for its members and the communities it serves.

Product enhancements focused on strengthening core deposits, mortgages, auto lending and leasing, credit card services, insurance and investments, and business loans, including SBA loans. Its Checking20 Account has been so successful that the credit union paid member bonuses in excess of $797,000 within 19 months of launching the product.

Texas Trust’s focus on improving its lending enabled the credit union to build its auto financing into one of the largest programs in North Texas. Additionally, growth in real estate lending – which surpassed $240 million – made Texas Trust one of the largest credit union mortgage lenders in the Dallas-Fort Worth market.

On the technology side, Texas Trust improved operations and member services with a focus on convenience. It invested heavily to improve everything from back office loan processing to rolling out advanced mobile services that included card controls and remote deposit.

Two key mergers were also instrumental in reaching the billion dollar milestone. Texas Trust joined forces with Arlington-based Security One Federal Credit Union in 2013 and Midlothian-based TrustUS Federal Credit Union in 2016. Texas Trust gained talented employees, members and branches through these mergers along with increased assets.

“Our leadership team continues to drive toward creating happy, motivated employees who help us cultivate happy, loyal members,” said Minge, President and CEO. “The first billion dollars is a colossal milestone, one that took us 80 years to reach. We are already hard at work toward that next billion.”

INFO-GRAPHIC

About Texas Trust Credit Union

Texas Trust Credit Union was created in 1936 by a group of Chance Vought Aircraft Corporation employees. Today, more than 84,500 members are served through checking and savings accounts; loans (personal, mortgage, auto, and small business); credit cards; insurance products; and investment services. Texas Trust supports local students through its “Spirit Debit Rewards” program. With every swipe of an eligible SDR card, funds are donated to the school or district of the member’s choosing. Texas Trust serves members in Dallas, Tarrant, Henderson, Ellis, and Johnson counties through 17 locations in Mansfield, Arlington, Grand Prairie, Cedar Hill, Midlothian, DeSoto, Hurst, and Athens. With assets of $1 billion, Texas Trust is one of the largest credit unions in North Texas and the 18th largest in Texas. For more information, visit TexasTrustCU.org or follow us on facebook.com/texastrustcu or Twitter at @texastrustcu

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Texas Trust Credit Union Earns Pinnacle Awards

December 19th, 2016

Texas Trust Credit Union Earns Pinnacle Awards for Community Involvement and Celebratory Special Event

Arlington, Texas – December 20, 2016 – A highly successful community relations initiative and high profile event from Texas Trust Credit Union have won Pinnacle Awards from the Cornerstone Credit Union League. Pinnacle Awards are given to credit unions that demonstrate excellence in credit union marketing, public relations, and business development.

Texas Trust received a Pinnacle Award for its Spirit in Action initiative and its One Million Brighter celebration.

The Spirit in Action program received a Pinnacle Award for Public Relations and Community Involvement. The multi-pronged program was the result of an aggressive effort to build relationships at the administration level with school districts in Texas Trust’s membership area. The primary foundation of the partnerships was the Spirit Debit Reward card, a uniquely designed debit card that pays schools 10 cents for every debit card transaction.

The effort greatly expanded Texas Trust’s membership, and use of the Spirit Debit card allowed Texas Trust to give more than $1 million to local schools for their participation in the program. The program successfully elevated Texas Trust’s visibility in the community, resulting in public recognition and accolades from school administrators and community leaders.

Texas Trust’s One Million Brighter celebration was recognized with a Pinnacle Award as an outstanding special event. It was the credit union’s creative way to celebrate $1 million in giving related to its Spirit in Action program. The One Million Brighter celebration took place at a community-wide event at the University of Texas at Arlington’s College Park Center. It was attended by thousands, including students from each participating school district, parents, and school faculty and administrators.

“The Spirit in Action program and the One Million Brighter celebration embodied the theme of this year’s marketing conference, ‘Imagine. Create. Grow.’” said Alison Wolf, Pinnacle Award committee chair. “Both the program and special event were innovative, creative, and most importantly, generated growth within Texas Trust’s membership, which is everything the Pinnacle Award was created to honor.”

Award winners were recognized at the League’s annual marketing and business development conference. Shelley Carlson, Texas Trust Vice President of Marketing, accepted the award from the Cornerstone League.

About the Cornerstone League

The Cornerstone Credit Union League is the nation’s largest regional credit union trade association, serving more than 500 credit unions in Arkansas, Oklahoma, and Texas. Cornerstone exists to advance the success of credit unions in the region through legislative and grassroots advocacy; regulatory and compliance support; training, educational, and networking opportunities; essential communications related to the news and information affecting the credit union industry; and other products and services that establish Cornerstone as the essential partner for credit unions.

About Texas Trust Credit Union

Texas Trust Credit Union was created in 1936 when a group of Chance Vought Aircraft Corporation employees pooled their savings so they could help each other achieve financial goals. Today, more than 80,000 members are served through checking and savings accounts; loans (personal, mortgage, auto, and small business); credit cards; insurance products; and investment services. Texas Trust Credit Union supports local students through its “Spirit Debit Rewards” program. With every swipe of an eligible SDR card, funds are donated to the school or district of the member’s choosing. To date, Texas Trust has donated over $1.3 million since August 2011. Texas Trust serves members in Dallas, Tarrant, Henderson, Ellis, and Johnson counties through 16 locations in Mansfield, Arlington, Grand Prairie, Cedar Hill, Midlothian, DeSoto, Hurst, and Athens. With assets of $950 million, Texas Trust is one of the largest credit unions in North Texas and the 18th largest in Texas. For more information, visit TexasTrustCU.org or follow us on facebook.com/texastrustcu or Twitter at @texastrustcu

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