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 over 355,000 members and operates 38 branches primarily in NC and has expanded organically into SC and VA. 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. Low-Income Designated Credit Unions are exempt from business lending caps, have access to certain grant funding, and have enhanced access to liquidity beyond the member base.
TFCU offers a comprehensive suite of consumer-oriented products to its members and, to a lesser degree, commercial lending, CRE, and SBA lending. Truliant also…
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