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 89th largest credit union in the nation. It was established in 1952 and as of June of 2023, it had grown to 936 employees and 316,025 members at 39 locations. Truliant Federal Credit Union's money market rates are 5X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership in Truliant Federal Credit Union is open to residents of Georgia, North Carolina, South Carolina, Tennessee, and Virginia by joining the American Consumer Council. Membership is also open to: (1) those who live, work, worship, or attend school in the North Carolina counties of Alamance, Alexander, Alleghany, Cabarrus, Caswell, Catawba, Chatham, Cleveland, Davidson, Davie, Forsyth, Gaston, Guilford, Iredell, Lee, Mecklenburg, Montgomery, Orange, Randolph, Rockingham, Rowan, Stanly, Stokes, Surry, Wilkes, or Yadkin; (2) those who live, work, worship, or attend school in the Virginia counties of Chesterfield, Grayson, Henry, Henrico, Montgomery, Pulaski, Russell, Smyth, Washington, or Wythe; (3) those who live, work, worship, or attend school in Greenville County (South Carolina) or Johnson County (Tennessee); (4) employees of AT&T Company, Blue Rhino Corporation, Corn Products International and more than 1,600 other Select Employer Groups.
See current membership details
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.
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.
Annoying Institution
I plan to end my relationship with Truliant. The two day holds they place on my checks are getting old. I have plenty of money in my accounts. The locations are few and the ATMs. are out of service frequently. The phone app and phone deposit app are lacking in quality. Friendly tellers in branches.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 7840 |
| Year Chartered | 1952 |
| Employees | 936 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.65% |
| Return on Equity - YTD | 8.89% |
| Annual Interest Income | $112.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $4.56B$3.95B |
| Loans | Q2 2023vs Q2 2022 | $3.50B$2.84B |
| Deposits | Q2 2023vs Q2 2022 | $3.87B$3.53B |
| Equity Capital | Q2 2023vs Q2 2022 | $326.5MM$306.5MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$18.8MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $19.0MM$14.2MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
