Billionaires Club Adds One More CU
Recently marking its 75th anniversary, TTCU, The Credit Union, is also celebrating reaching $1 billion in assets this week.
The Tulsa, Okla.-based credit union said it has grown more than 55% since 2005 when its asset size was $645 million. TTCU said in 2010 it also posted record asset growth while its capital reserves remained at 14.0% of assets.
“We were just under $409 million in August 2000 and now in March 2011 we’ve surpassed the $1 billion mark. That means we have more than doubled in asset size in just a bit more than ten years,” said Les Rector, TTCU president/CEO, who announced he will retire Sept. 30.
Established in 1934, TTCU now serves more than 80,000 members primarily in the education field.