At a credit union, every member is an owner. Truliant’s continual membership growth is a product of its expansion and the demand for better banking options in its member-owner communities. Truliant was chartered in 1952 to serve employees of Western Electric as Radio Shops Employees Credit Union.
The announcement comes during a time of growth for Truliant. In 2016, the credit union surpassed the 200,000 member-owner milestone. It recent years, it has undertaken branch expansions to offer greater access to more affordable financial services in the Triad and Charlotte-Metro regions.
“There’s no question that this is a significant number. But we know our members are more than a number. Each one is an individual story. We’ve helped 250,000 members build stronger financial foundations to improve their lives,” said Truliant President Todd Hall. “As we grow, it means Truliant can provide even more of the latest technology along with in-person guidance at additional and convenient locations.”
As of June 2019, according to the National Credit Union Administration, there were 5,308 federally insured credit unions in the U.S. with a total of 118 million members. The average credit union membership is 119,698, according to the Credit Union National Association.
Hall added: “As we bring greater access to our communities, they can expect us to increase our involvement with local organizations to fulfill the credit union philosophy of people helping people.”