EL PASO, Texas–Raiz Federal Credit Union has surpassed $1 billion in total assets.
Founded by seven educators as Teachers Federal Credit Union in 1936, the credit union has grown to serve over 70,000 members.
"This achievement was only possible with the collective effort and collaboration from every department and team within Raiz FCU,” Raiz’s President and CEO Max Villaronga. “Together, we have built a financial institution that not only strengthens the economic well-being of our members but also serves as a driving force for positive change within our community.”
The credit union said reaching such a goal symbolizes more than just financial growth; it signifies the credit union's ability to enhance the lives of its members and uplift underserved communities.
“From providing free financial education courses to actively supporting initiatives based on community welfare, Raiz remains true to its deeply rooted heritage in education and embodies the credit union philosophy of people helping people,” the Cu said.
Added Villaronga, "At Raiz, we envision a bold path forward, leading the way with passion. Join us and experience the difference that comes from working with people who care."