Robins Financial CU is the latest to cross the $4 billion threshold


Source: Shutterstock.

Big things are happening for a credit union in a small town in central Georgia. Robins Financial Credit Union, located in Warner Robins, Georgia, became the latest credit union to reach $4 billion in assets this year.

In a statement released by the credit union on Wednesday, the asset milestone was reached as of March 31.

“Reaching the $4 billion mark is a testament to our mission to be member-driven, financial partners and proud of the community,” said Christina O’Brien, President and CEO of Robins Financial. “This is a tremendous achievement, especially since we were able to grow our assets by $1 billion in just under two years. This growth is a direct result of our phenomenal staff and all they do to support our credit union, as well as our members and their continued trust in us as a financial partner.

Over its 68-year history, Robins Financial has grown its membership to nearly 250,000 members as it has served 45 counties in Peach State. In 2016, the credit union converted to a state charter, which potentially helped accelerate its growth rate.

Earlier in April, the Philadelphia-based American Heritage Credit Union passed the $4 billion asset threshold after doubling the size of its assets in just over four years.

According to an analysis of CU timeassets grew 2.3% among all credit unions from October 31, 2021 to January 31, 2022. If this growth rate continued from December 31 to March 31, three other credit unions easily exceeded 4 billion as of March 31: Truestone Financial Credit Union of Plymouth, Minn. ($3.98 billion in assets, 198,711 members), Jovia Financial Federal Credit Union of Westbury, NY ($3.96 billion in assets, 206,572 members) and University Federal Credit Union of Austin, Texas ($3.95 billion in assets, 346,455 members).

Last year, 36 credit unions exceeded $1 billion in assets, 13 exceeded $4 billion and four exceeded $10 billion.

Previous USF Federal Credit Union opens branch in Odessa
Next California's First Entertainment Credit Union Appoints New CEO