Recognizing City Credit Union's 75 years of service to the Dallas community.
The resolution commends the credit union for its remarkable journey and acknowledges the leadership of its past and current executives. Since 2007, under President and CEO Sharon Moore's leadership, the institution has maintained high standards in financial management and customer service. City Credit Union's financial strength is evidenced by its receipt of a Five-Star rating from Bauer Financial in 2016, which ranks it among the most prestigious financial institutions in the nation.
Senate Resolution No. 156 recognizes City Credit Union for its 75 years of service to the Dallas community. Established on August 24, 1942, by a small group of City of Dallas employees, the credit union was created in response to the inadequacy of traditional banks in serving their needs. Originally operating in a modest setting with total cash assets of only $1,812, City Credit Union has grown significantly over the decades and now boasts assets exceeding $371 million, serving around 42,000 members with branches across multiple counties.
While the resolution is a celebration, it highlights the importance of community-focused financial institutions in the broader economic landscape. Recognizing local organizations like City Credit Union underscores the significant role they play not just in providing financial services but also in supporting community initiatives, such as Random Acts of Kindness, which the credit union is focusing on for the year 2017. The resolution, adopted by the Texas Senate on February 13, 2017, represents a legislative acknowledgment of the credit union's contributions, setting a positive example for community service among financial institutions.