TTCU Achieves $1 Billion
GREAT TEAM: Pictured from left to right are TTCU membersJerry Hoopert, chief administrative officer; Dan Bowling, chief information officer; Charles Chastain, vice president of lending; Shelby Beil, vice president of finance; Tim Lyons, chief financial officer; and Stephanie Jones, chief risk officer. Seated is Leslie Rector, president and chief executive officer.
The Credit Union, having recently celebrated its 75th Anniversary, has another reason to celebrate – reaching $1 billion in assets as of Feb. 28, 2011. As Oklahoma’s largest state-chartered credit union, has grown over 55 percent since 2005 when their asset size was $645 million.
Exceptionally well prepared, has continued to grow in spite of the unstable economy the nation is currently experiencing. Last year posted record asset growth, while their capital reserves remained strong at 14.0 percent of assets.
“We were just under $409 million in August 2000 and now in March 2011 we’ve surpassed the $1 billion mark. That means we have more than doubled in asset size in just a bit more than ten years,” says Les Rector, president and . Rector has announced his retirement for Sept. 30, 2011.
As TTCU’s assets continue to grow, so does its membership, which now boasts more than 80,000 members strong. Over its 76 years of existence, has grown as a provider of financial services and offers a full complement of products including savings accounts, loans, checking accounts and mortgages.
Always an innovator, has structured programs designed to give-back to its membership and the community. TTCU’s Member Reward program is designed to reward members for their loyalty and for using the credit union’s products and services with Rewards Dividends designed to share profits with the membership, paying bonus dividends on share and loan balances. TTCU’s School Pride Visa Check Card program donates money to 36 participating schools based on debit card transactions. The phrase, You Swipe, We Donate! explains in simple terms how the program works. In the first three years of the program, more than $110,000 has been donated to schools.
is the largest state-chartered credit union in Oklahoma with twelve branches; five in Tulsa, one in Bixby, Broken Arrow, Jenks, Claremore, Muskogee, Owasso and Tahlequah. Established in 1934, The Credit Union now serves over 80,000 members who are teachers, school faculty, administrators, staff, students and their families in NE Oklahoma with a full complement of depository, lending and financial advisory services.