Truliant Federal Credit Union is headquartered in WINSTON SALEM and is the 3rd largest credit union in the state of North Carolina. It is also the 105th largest credit union in the nation. It was established in 1952 and as of December of 2019, it had grown to 653 employees and 254,373 members at 36 locations. Truliant Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership in Truliant Federal Credit Union is open to anyone through joining the American Consumer Council. Membership is also open to the following: (1) those who live, work, attend school or worship in Alamance, Alexander, Alleghany, Cabarrus, Caswell, Catawba, Chatham, Cleveland, Davidson, Davie, Forsyth, Guilford, Gaston, Iredell, Mecklenburg, Montgomery, Randolph, Rockingham, Rowan, Stanly, Stokes, Surry, Wilkes, or Yadkin Counties in North Carolina; (2) those who live, work, attend school or worship in Henry, Montgomery, or Pulaski Counties in Virginia and select areas of Wythe, Henrico and Chesterfield Counties; (3) those who live, work, attend school or worship in select areas of Greenville County in South Carolina; (4) employees of AT&T Company, Blue Rhino Corporation, Corn Products International and over 300 Select Employer Groups.
See current membership details
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Low Fees And Low Interest Rates On Loans
I been with Truliant Federal Credit Union for five years since moving to NC. My checking account does not have any fees, especially no debit card fees. I have also saved money due to the low loan rates I have gotten on my home and auto.
Truliant Is Great For Everyday People
I would highly recommend Truliant Credit Union for the normal everyday person. I work for one of the big name banks so I have an understanding of what is involved in the financial services industry. Although I work there, I do not make enough money nor do I have a good enough credit history to qualify for their “best” products. I opened a savings account with Truliant and I have super pleased ever since I did. I get much better returns on my savings account with them than I do at the bank I work for. I was also able to qualify for a low interest loan without a lot of hassle at Truliant. Every time I have dealt with someone there they have had superior customer service attitudes. I would highly recommend them for anyone needing a real-world financial services institution rather than one that caters or is designed more for the high net-worth customers.
My Experience with Truliant
I used to work for AT&T and joined their credit union which then changed to Truliant Credit Union. I found dealing with the credit union to be exactly the
same as dealing with the various banks I was with previously. In other words they offered the exact same services but with MUCH better fees. I mean they
had no fees at all for checking but you did have to keep $5.00 in the savings account that you were required to open. You did get the $5.00 back when you closed your account. I recall the tellers being courteous and professional and I received an excellent interest rate for my car loan. The car loan was also processed very quickly. It was a very good experience.
Like a Bank, except makes you money, instead of making money off you
I've been a member of Truliant for about 15 years and sing its praises often. Why do people have traditional banks that exist to make a profit off you? Credit unions are better because they don't charge fees for many things and the interest rates are better. I love my credit union so much that even when I moved out of state, I simply continue my banking with them using their app. I can deposit checks, check my balance, transfer funds, and pay bills with a simple tap. I have a free checkings, savings, and rainy day account that takes the change at the end of a transaction and puts it in a special high interest rainy day account. The credit card rates are fantastic as well. Also, I have a CD with a good interest rate for saving money. I can't recommend this enough. Join Truliant and make money. Don't pay a bank to hold your money. After all, it's yours.
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 7840 |
| Year Chartered | 1952 |
| Employees | 653 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.85% |
| Return on Equity - YTD | 9.96% |
| Annual Interest Income | $113.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $2.71B$2.47B |
| Loans | Q4 2019vs Q4 2018 | $2.21B$2.02B |
| Deposits | Q4 2019vs Q4 2018 | $2.37B$2.16B |
| Equity Capital | Q4 2019vs Q4 2018 | $228.3MM$203.2MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $18.1MM$16.1MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $12.3MM$11.2MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $84.00K$297.00K |
