TruWest® Credit Union Surpasses $1 Billion in Assets

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Arizona-based credit union reaches $1 billion milestone.

“TruWest is going to continue to dedicate itself to positively affecting our current and new members with the best value and services in the community.”

Arizona-based TruWest Credit Union has announced that they have officially topped $1 billion in total assets as of the end of April, 2017, which now includes them in the top 5 percent of credit unions nationwide. “Words cannot describe our excitement from achieving such a significant milestone,” said TruWest President and CEO, Alan Althouse. “On top of riding the momentum to one billion, we’ve seen an increase in our membership and geographic growth, participated in a record number of service opportunities in our community, and our employee turnover rate is at its lowest since the Great Recession.”

Althouse attributes a large amount of the success at TruWest to the widespread trend of consumers leaving nationally recognized “big” banks and switching over to local credit unions. “Consumers want value,” said Althouse. “TruWest offers a wide array of benefits that can’t be matched by the bigger, well-known banks. Personal service, better rates, lower fees. These are just some of the many perks of financial cooperative models.”

“This being our 65th year in the community, we are very happy about how far we’ve come and are excited about our future,” says Althouse. “TruWest is going to continue to dedicate itself to positively affecting our current and new members with the best value and services in the community.”

About TruWest Credit Union

TruWest Credit Union is headquartered in Tempe, Ariz. and operates as a cooperative to provide its membership with a lifetime of quality financial services and a culture of caring for its members, employees and communities. TruWest is a strong and sound financial institution with more than 81,000 members and assets totaling more than $1 billion. TruWest Credit Union has 12 branches—nine in the metro Phoenix area and three in Austin, Texas. For more information and locations, visit http://www.truwest.org.

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Travis Moore
TruWest Credit Union
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