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EECU passes $1 billion milestone in loans

🕐 2 min read

EECU passes $1 billion milestone in loans

 

The EECU Credit Union surpassed the $1 billion milestone in its loan portfolio near the end of 2012 and has maintained that level since, the company said in an announcement March 20.

“This milestone represents our commitment to developing the financial solutions that the North Texas area is looking for,” said Lonnie Nicholson, EECU president and CEO.

The Fort Worth-based credit union is one of the largest locally owned financial institutions and offers new and used car loans, recreational vehicle and boat loans, as well has home mortgages, home equity loans, personal and credit card loans. The credit union operates for the members, any resident of Tarrant County, through 13 branch locations, as well as online and through auto dealers. It has 167,000 member customers and assets of $1.4 billion.

 

Frost Bank introduces new app

Frost Bank has introduced an application for iPhone users to automatically reach a customer service representative and avoiding the automatic telephone system, simple functions for all bank transactions and a one-touch navigation to find the nearest branch. The service can be found through iTunes and has received a 5-star rating from users.

 

 

Texas Trust reports growth in 2012

Texas Trust Credit Union moved closer to its goal of becoming a $1 billion operation with a 4 percent increase in assets to $747 million, the company announced.

Texas Trust, based in Mansfield, added 13,231 new members in 2012, added to 8,900 added in 2011.

The company, the 21st largest credit union in Texas, was named Business of the Year by the Grand Prairie Chamber of Commerce.  

 

Commercial Bank of Texas announces dividend

Commercial Bank of Texas has announced a quarterly cash dividend of 16 cents per share for its common stock, a 6.7 percent increase from the previous year and the 20th straight year of dividend increases.

The company’s board of directors also approved regular quarterly dividends of $1.43 for holders of the company’s Series A and Series B preferred stock.

Commercial Bank is a $500 million community bank based in Nacogdoches with 13 branches.

 

Send banking news to bbowen@bizpress.net.

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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