Trust Credit Union completes merger with Qualtrust
Result is a $1.2 billion credit union serving more than 114,000 members
ARLINGTON, TX (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 114,000members.
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 has been helping build brighter financial futures since its modest beginning in 1936. Today, the full-service credit union serves more than 137,000 members. With assets of more than $2 billion, Texas Trust is the 7th largest credit union in North Texas and the 18th largest in Texas. With a focus on the community, Texas Trust is creating a legacy of giving through generous financial donations that support local school programs and activities, non-profit organizations, and student scholarships; and by providing volunteer resources through its Community Unity team, which supports scores of charitable events each year.
