Neighborhood Credit Union Celebrates $300 Million Milestone, Powers Toward Future At 82nd Annual Meeting

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Neighborhood Credit Union in North Texas reaches $300 million in assets and celebrates during 82nd Annual Meeting of credit union members.

Neighborhood Credit Union celebrated a new pinnacle of success at its 82nd Annual Meeting on Thursday – and they’ve got $300 million to prove it.

Neighborhood Credit Union is now managing over $300 million dollars in member assets,” said Gerald Townsend, chairman of the board of directors for Neighborhood Credit Union (NCU). “That’s right. We are $300 million strong and powering toward the future. While other financial institutions are struggling to stay afloat, the active participation by 30,000 North Texans has allowed our credit union to flourish and remain relevant.”

This growth, according to Townsend, is no accident. Rather, it is the result of proactive change and the addition of new products and services to meet the changing demands of credit union members, including Kasasa, a free checking account that gives NCU members extra money every month, and the MPower auto loan service with a number of complimentary benefits. An important focus of all of Neighborhood Credit Union’s products and services is financial education, to help members learn how to improve their financial future.

With the theme “Powered for the Future,” Neighborhood Credit Union leaders told its members to expect even more in 2012. The credit union will open a new branch in Grand Prairie this fall and is currently in the 12-month process of redeveloping its core data processing system and upgrading its technology platform to include mobile apps for iPhone, Android and iPad. Additionally, Neighborhood Credit Union is expanding its partnership with Six Flags Over Texas and in 2012 will serve as “The Official Bank of Six Flags Over Texas.”

“As Neighborhood Credit Union celebrates its 82nd anniversary, we know there are endless opportunities before us to serve more Texans and help them improve their financial future,” said Chet Kimmell, president and CEO of Neighborhood Credit Union. “We will build on the momentum of being $300 million strong while powering forward toward a bold and bright future for our members and their families.”

About Neighborhood Credit Union
Neighborhood Credit Union, the oldest credit union in Dallas (chartered April 18, 1930), is a not-for-profit financial organization serving Dallas and Ellis counties, as well as the city of Arlington. With branches in South Dallas, North Dallas, Richardson, Arlington, Mesquite, Duncanville, Waxahachie and Lancaster (and soon to be in Grand Prairie) and assets topping $300 million, Neighborhood Credit Union has a membership of 30,000 and continues to welcome new members daily. For more information on Neighborhood Credit Union, call (214) 748-9393 or visit

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Allison Griffin
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