Texas Trust Credit Union Completes Merger with Qualtrust
Result is a $1.2 billion credit union serving more than 114,000 members
ARLINGTON, Texas – April 3, 2018 – Texas Trust Credit Union has finalized the operational aspects of its merger with Qualtrust. The credit union has completely consolidated Qualtrust’s operations, members, and employees under the Texas Trust banner.
The merger, which was approved in May 2017 by the Qualtrust membership, has increased Texas Trust’s footprint by adding five branches in three new counties, including Dallas, Denton and Tom Greene (San Angelo). Texas Trust is now ranked in the top five percent of credit unions by size, with assets in excess of $1.2 billion and more than 114,000 members.
For members, being part of Texas Trust means they now have services that Qualtrust couldn’t offer, such as credit cards, rewards debit card, mobile card controls, business services, overdraft privilege, electronic fund transfer capabilities, in-house lending for mortgages, improved rates, an array of member-friendly online services, and extended call center operations.
“Because of Qualtrust’s size it only offered limited service. That forced members like me to use other banks and credit unions for other needs,” said Valerie Williams, a Qualtrust member. “Now we can do all of our banking at Texas Trust conveniently online or through one of the credit union’s many branches.”
“The merger has brought exciting change for Texas Trust and the Qualtrust members we welcomed into our family,” said Jim Minge, president and CEO of Texas Trust Credit Union. “Now that the hard work is done, we can move forward and create new opportunities that will help every member have a brighter financial future.”
Texas Trust offers a broad range of financial services beyond traditional checking and savings accounts, such as credit cards, insurance and investment services, in-house mortgage lending, and business services, including SBA lending. The credit union has 22 locations.
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 114,000 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 eligible swipe of an SDR card, funds are donated to the school or district of the member’s choosing. To date, Texas Trust has donated more than $1.5 million since August 2011. Texas Trust serves members through 22 locations in Dallas, Denton, Tarrant, Henderson, Ellis, Johnson and Tom Green counties. With assets of more than $1.2 billion, Texas Trust is one of the largest credit unions in North Texas and the 17th largest in Texas. For more information, visit TexasTrustCU.org or follow us on facebook.com/texastrustcu or Twitter at @texastrustcu.