Texas Trust Credit Union will be living up the good old phrase, “everything’s bigger in Texas.”
The $721 million credit union in the Dallas-Fort Worth suburb of Mansfield has set big goals to become a bigger credit union. Texas Trust executives have plans to nearly double its membership from 58,000 to 100,000 and to reach $1 billion in assets by 2016.
To accommodate this expansion, Texas Trust CU purchased an office park in Arlington, Texas, that will be its new corporate headquarters. The credit union said it plans to occupy 50% or more of the 78,660-square-foot office space over the next three to five years.
"The new facility gives us room to grow, which means we will be able to add employees and new services and products, so that we can better serve our current members and grow our membership," said Jim Minge, president/ CEO of Texas Trust.
Several corporate departments, such as marketing, will move into the new space over the next 90 days. The remainder of the corporate staff will move in phases starting next year.
In addition to the new headquarters facility, Texas Trust is expanding its full-service branches this year. In March, it opened its ninth branch in Grand Prairie, Texas. The credit union’s 10th branch, in Mansfield, will open by the end of September, Minge said.