Truliant FCU Latest to Join Billionaires Club

WINSTON-SALEM, N.C. – Truliant Federal Credit Union is among the latest to surpass the $1 billion in assets mark. The milestone for the credit union was reached on April 30 making it the fourth CU in the state to have more than $1 billion in assets. Truliant FCU President/CEO Marc Schaefer downplayed the accomplishment saying the CU’s success is directly tied to the nearly 175,000 members it serves. “We have to be a little careful about recognizing what being a $1 billion credit union means to us because that asset size is more of a banking yardstick than it is for our industry,” Schaefer recently told the Winston-Salem Journal. Chartered in 1952 as Radio Shops CU to serve employees of Western Electric Co., the CU changed its name to AT&T Family FCU and then became Truliant in 1999. The CU recently built a 122,000-square-foot headquarters and plans to expand its branching network here and in Florida, Ohio, South Carolina and Virginia. Truliant has 225 employees and serves 800 select employee groups. “Growing is good, but we have to keep it in perspective to make sure we are responding to the needs of our members,” Schaefer told the publication.