Hello, Texas Trust Members!

I hope you all enjoyed a very festive Easter surrounded by the ones you love this April. Easter is the time to celebrate newfound hope and renewal. It's a chance for us to gather with family and show gratitude for all we have in life. As I reflect on what I am grateful for, my mind can't help but think of the many members who put their trust and financial well-being in our hands.

We have some exciting developments this month. We will be celebrating our new Pantego branch opening with a ribbon-cutting ceremony on April 27th. I know I speak for the whole credit union when I say that we are excited to get out there and start serving the people in the Pantego community. I can't wait for you all to join us in celebrating a new chapter in our story as a credit union.

Most of you have heard about the recent failures of Silicon Valley Bank and Signature Bank. I want to reassure you we do not pursue the strategies that these banks employed. Over 90% of their deposits were over the federal deposit limit, and over 90% of our deposits are insured. The banks were both highly concentrated on serving a specific niche market. We serve members from all walks of life in the Metroplex, Athens, and San Angelo. The banks were organized to enrich shareholders. We exist to help our members build brighter financial futures. Despite many challenges, your credit union saw an increase in deposits in the first quarter of 2023.

As always, I want to thank you for choosing Texas Trust as your financial institution. It is a privilege to serve our members in multiple communities around the great state of Texas, and we plan to do so for years to come. Thank you for your loyalty and trust in us!