Truliant, FCU (“Truliant” or “TFCU”) (“the credit union”) is a member owned Federal Credit Union headquartered in Winston-Salem, NC, with $5.2 billion in assets that was founded in 1952. TFCU serves ~350,000 members and operates 37 branches primarily in NC (31 branches) and has expanded organically into SC and VA with 6 branches. While Truliant has primarily grown organically, the credit union has previously completed two small credit union acquisitions since 2012 (<$10 million in assets).
TFCU is a Low-Income Designated Credit Union whereby the majority of its members’ household incomes are 80% or less of the median income of the U.S. TFCU was also granted Community Development Financial Institution (CDFI) designation from the U.S. Department of the Treasury that provides: exemption of business lending caps, access to grant funding to support targeted lending, and access to additional resources.
TFCU offers a comprehensive suite of…
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