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![]() Headquarters of Truliant Federal Credit Union, Winston-Salem, North Carolina | |
Company type | Credit Union |
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Industry | Financial Institution |
Founded | 1952 [1] |
Headquarters | Winston-Salem, North Carolina, United States |
Number of locations | 34 branches |
Area served | North Carolina, South Carolina, Virginia |
Key people | |
Products | Consumer banking, business lending |
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Total assets | ![]() |
Members | 340,656 [2] |
Capital ratio | 12% Risk-based capital ratio (2024) |
Website | www |
Truliant Federal Credit Union is a nonprofit financial institution based in Winston-Salem, North Carolina. [3] Chartered in 1952, the credit union provides financial guidance and services to members in North Carolina, South Carolina and Virginia. [1] As of December 2024, Truliant has 340,656 members and $5.2 billion in assets. [2]
In 1952, Truliant Federal Credit Union was chartered as the Radio Shops Credit Union to serve employees of Western Electric in Winston-Salem, Greensboro, and Burlington. [1] [4] It was renamed North Carolina Works Federal Credit Union, then AT&T Family Federal Credit Union in 1983 with the goal of servicing employees of the telecommunications company. [1] [5]
AT&T Family Federal Credit Union expanded its services beginning in 1987 to include employee groups at Krispy Kreme, Polo Ralph Lauren and other companies. [1] The American Bankers Association and five commercial banks sued AT&T Family Federal Credit Union in 1990 for expanding its membership to 150 employee groups nationwide, [6] claiming the expansion violated the 1934 Federal Credit Union Act, which states members of a credit union must have a “common bond.” [7] The U.S. Court of Appeals agreed, ruling against AT&T Family Credit Union in October 1996. [6] The National Credit Union Administration appealed the ruling; it then went to the Supreme Court, which voted 5 to 4 against AT&T Family Credit Union and other regional credit unions, saying it violated the 1934 law. [8] But President Bill Clinton signed a law in 1998 allowing AT&T Family Credit Union and all other credit unions to provide service to multiple groups. [9]
In 1999, the credit union changed its name to Truliant. [4] Truliant merged with Victory Masonic Credit Union, a historically African-American credit union in North Carolina, in 2004. [10]
Todd Hall was named president and CEO of Truliant in January 2020. [4]
Truliant opened an operations center in the 154,000-square-foot former Macy's space in Hanes Mall in January 2023. More than 200 people worked in a call center and other departments on two of the three floors. Expansion of the headquarters building had been considered, but rezoning was controversial. [11]