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CU System Briefs (12/05/2013)
FARMERS BRANCH, Texas (12/5/13)--Texas Trust CU entered into a seven-year partnership with the University of Texas at Arlington (Cornerstone Leaguer Dec. 4). The credit union will become the university's credit union sponsor of its Division of Intercollegiate Athletics, and will gain marketing and promotional rights through the school's athletic programs. It will also open a branch on campus this spring, offer support to the UT Arlington Student Money Management Center, and market a variety of school brand debit cards that will provide a financial benefit to the university. "This partnership will strengthen UT Arlington's ability to influence and shape the lives of thousands of young adults by giving them access to financial resources and tools to help them build brighter financial futures," said Jim Minge, Texas Trust CU president. Texas Trust is headquartered in Mansfield, Texas. It has $760 million in assets ...

FARMERS BRANCH, Texas (12/5/13)--David Reynolds, CEO of Security Service FCU, will step down on March 24, 2014, according to an announcement made by the credit union's board of directors (Cornerstone Leaguer Dec. 4). He is slated to be replaced by SSFCU President Jim Laffoon. Reynolds entered the credit union movement in August 1974, when he was hired by the National Credit Union Administration to be a field examiner and auditor. He joined Pentagon FCU in 1983, and opened its first office in San Antonio. Reynolds joined SSFCU in March 1986 as senior vice president. In August of that year, he was promoted to executive vice president. In May 1997, he was appointed president/CEO by SSFCU's board of directors. Under Reynolds' administration, the credit union has grown from a nine-branch $330 million institution to one with $7.5 billion in assets and 70 branches in Texas, Colorado and Utah. It is currently the eighth largest credit union in the country. "Under David Reynolds' leadership, Security Service has expanded the credit union's reach to serve more members and to provide enhanced products and services to meet their financial needs," said Jim O'Farrell, SSFCU board chair. "He has been committed to ensuring the continued safety and soundness of Security Service while also giving back to the members and the communities where we work and live." SSFCU is headquartered in San Antonio, Texas ...


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