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Abstract
Credit Union of Texas Maps Out Profitability
Track: Business, Banking, and Insurance
Author(s): Jerry Thompson
The Credit Union of Texas has broken additional records for growth and profitability. We are now the fastest growing credit union in the nation out of approximately 11,000 credit unions. We grew 34 percent last year and are on track to grow close to 45 percent this year (due to regulatory requirements on credit unions we have been forced to slow this growth down to 7 percent for the next few months so that our capital asset ratio's remain in compliance). We are now the largest Texas chartered credit union at $1.2+ billion in assets out of 237 credit unions and the 54th largest nationally out of 11,000+. We fully expect to be in the top ten nationally by end of 2005. We attained these very profitable growth results without benefit of mergers and acquisitions as most financials do to grow.
Most, if not all, of this phenomenal success, in a down market, is directly attributable to the integrated BI/CRM/CORE systems from IBM, Ventana, Harland, Unica and Esri's ArcView Business Analyst. This presentation provides an overview of our use of ArcView Business Analyst in helping use achieve this growth and strategic planning.
Jerry Thompson
Credit Union of Texas
8131 LBJ Freeway, Suite 605
Dallas , TX 75251-1329
USA
Phone: 972 301-1871
E-mail: jerryt@cuoftexas.org