Truliant Federal Credit Union
| File:Truliant logo.png | |
| File:Obelisk 2014.jpg Truliant Federal Credit Union headquarters located in Winston-Salem, North Carolina | |
| Company type | Credit Union |
|---|---|
| Industry | Financial Institution |
| Founded | 1952 |
| 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 |
| Decrease Template:US$ (2024) | |
| Total assets | Increase Template:US$ (2024) |
| Members | 340,656 |
| Capital ratio | 12% Risk-based capital ratio (2024) |
| Website | www |
Truliant Federal Credit Union operates as a nonprofit financial cooperative headquartered in Winston-Salem, North Carolina. Established in 1952, it provides services to members throughout North Carolina, South Carolina, and Virginia. By December 2024, the credit union reported a membership of 340,656 and held assets totaling $5.2 billion.
History
The institution began in 1952 under the name Radio Shops Credit Union, initially serving employees of Western Electric in Winston-Salem, Greensboro, and Burlington. It later adopted the name North Carolina Works Federal Credit Union before changing to AT&T Family Federal Credit Union in 1983 to cater to workers in the telecommunications sector.
Membership broadened starting in 1987 to include employees from companies such as Krispy Kreme and Polo Ralph Lauren. This expansion prompted a legal dispute initiated by the American Bankers Association and five banks in 1990, which contended that the credit union’s membership growth breached the "common bond" stipulation of the 1934 Federal Credit Union Act. The courts ruled against the credit union through multiple appeals, culminating with a Supreme Court decision in 1998. Following this, legislation endorsed by President Bill Clinton permitted credit unions like AT&T Family to serve multiple distinct groups.
In 1999, the credit union adopted the name Truliant. A significant merger occurred in 2004 when it combined with Victory Masonic Credit Union, a historically African-American credit union based in North Carolina.
Todd Hall assumed the roles of president and CEO in January 2020.
In January 2023, Truliant launched a new operations facility spanning 154,000 square feet within the former Macy’s location at Hanes Mall. This center accommodates more than 200 team members across two floors, including call center staff and other departments. Initial plans to expand the main headquarters were adjusted due to complications related to rezoning approvals.