Neighborhood Credit Union purchases land in Sherman; expansion plans underway
DALLAS, TX (September 20, 2023) — Neighborhood Credit Union, the first credit union in the Dallas-Fort Worth metroplex, today announced plans to expand into the Sherman area. The credit union will be opening a full-service branch with ITMs (interactive teller machines) on recently purchased property at Crossroads Blvd Development, Lot 38 located on the northwest corner of US Highway 75 and FM1417. Neighborhood Credit Union worked with Triumph Realty on the land purchase. A groundbreaking is scheduled for November 2.
“As a credit union that serves the state of Texas, it is our mission to identify where we can have the most impact in financial wellbeing,” said Chet Kimmell, president and chief executive officer, Neighborhood Credit Union. “We want to be there to serve that growing and thriving community. It’s what we’ve been doing for our members the past 93 years.”
Sherman is experiencing significant growth with major investments from companies such as Texas Instruments, whose $30 billion, 4.7 million-square-foot silicon chip factory is estimated to create 3,000 new jobs and will be the largest electronics production facility in Texas.
Neighborhood Credit Union first opened its doors to members in April 1930 as the Dallas Postal Employees Credit Union. A member-owned financial cooperative offering banking and wealth management services throughout Texas, the company’s mission is to build relationships in neighborhoods that foster wealth building, security and financial well-being.
About Neighborhood Credit Union
Neighbors Federal Credit Union is a not-for-profit financial cooperative operating as an association dedicated to "people helping people." A handful of educators started Baton Rouge Teachers in 1954 with a shoe box, a couple hundred dollars and the goal of making financial services available to school system employees in our area.
Now, Neighbors Federal Credit Union is the largest community-chartered credit union in the state of Louisiana with over 80,000 members and over $1 billion in assets. Since that time, Neighbors has undergone a variety of changes, but the mission has stayed the same: Enhance members' financial well-being and be a partner in the communities Neighbors serves.
