Truliant Online Banking – Truliant has more than 180,000 members in four states, with over 105,000 just in North Carolina. Truliants 22 Member Financial Centers have over $1billion in assets.
Truliant has over 400 employees company-wide with more than 240 in the Piedmont Triad alone. Their participation in the Chamber of Commerce, civic organizations, and Better Business Bureau make Truliant an important contributor to local economies.
Low-cost consumer loans, free checking, systematic savings and investments, financial planning and counseling, along with a variety of other financial services are offered by Truliant for their customers.
Studies show that most family households save from $200 to $500 every year, simply by choosing to join a Credit Union like Truliant.
In North Carolina, Truliant serves over 900 employers and their employees. These businesses are called “Business Partners.” More than 70% of the Business Partners are companies with less than 5000 employees, in other words they qualify as small businesses.
A full 25% of their memberships are laborers in manufacturing, textile and the service industry. The average annual income for 30% of their membership is less than $40,000. They truly serve people of modest means including low and middle-income families.
Truliant Online Banking has over $40 million in home loans to this group and over $42 million in auto loans. Over 42% of these members who have checking accounts also have overdraft protection loans at an average rate of 11.34% APR compared to courtesy pay products that can average 30% APR.
Truliant employees logged over 10,000 community service hours last year participating in fundraisers for Victory Junction Gang Camp, March of Dimes, and the American Cancer Society’s Relay for Life.
They sponsor annual blood drives, health fairs, and youth safety programs. They’ve participated in the Fill the Bus campaign at Welborn Middle School and been involved with a number of youth and adult financial literacy programs.
Members who are attending two and four year colleges are offered a scholarship program. Truliant Online Banking is dedicated to giving back to their local communities.