RICHARDSON, Texas - Texans Credit Union has become the latest credit union to reach the $1 billion-in-assets milestone. Texans CU was founded in 1953 by 11 Texas Instruments employees who each pooled $5 and petitioned the Texas Banking Commission to charter a financial cooperative for employees of Texas Instruments. At the time, Texans CU only offered share accounts and loans. Texans CU is now a full-service financial with 23 branches. In addition to serving employees of Texas Instruments, the credit union counts among its more than 135,000 members more than 200 select employee groups, 11 cities, the Richardson Telecom CorridorT, and Research Park in Austin. "I can remember when the credit union was just a desk in the personnel office of Texas Instruments," remarked John McCormack, one of Texans CU's founding members. "Who would have thought it would grow to this level? I'm proud to be the person who symbolizes Texans' move up to the next level."
Texans credit union joins billion-dollar CU club
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