Texas Trust Credit Union Acquires Arlington Tower, Plans Multimillion-dollar Renovation

Texas Trust Credit Union is expanding its footprint in North Texas, as the Arlington-based institution is investing $28.7 million into a new headquarters at the eight-story, Class A Skymark Tower.

In 2024, the credit union purchased Skymark Tower for about $8.7 million and is investing $20 million to renovate the roughly 120,000-square-foot property. Texas Trust expects to house upwards of 140 employees once renovations are complete in early 2027.

The credit union’s CEO Jim Minge says the new headquarters office stood out for its visibility and long-term value compared to new construction, even as the building required significant upgrades. “It had a lot of deferred maintenance, but we got a really good deal on it,” he says. About 40 percent of the building was leased at the time of purchase, providing initial cash flow as renovations begin.

The refresh comes at a time when the credit union is experiencing modest growth. In 2025, it reported about 4 percent asset growth and now oversees more than $2 billion in assets while serving over 130,000 members. That growth is largely driven by consumer lending, such as auto loans, credit cards and unsecured credit, all of which saw double-digit increases. Auto lending alone grew by 30 percent year over year.

“Digital services really are a baseline for financial institutions today,” Texas Trust CEO Jim Minge says. “But our only real competitive advantage to the big banks is personal service and the ability to talk to a human being.”

Looking ahead, Texas Trust is maintaining a steady growth target of about 4 to 7 percent annually. That growth is occurring alongside a broader push to expand across North Texas, including a new branch in Mansfield and entry into the Fort Worth market through a merger with Family 1st of Texas. “We’re pretty conservative,” Minge says. “If we can grow in that range every year, we feel good about how we’re growing.”

At the same time, Texas Trust has continued investing in digital tools to meet evolving customer expectations, including improvements to online banking, account opening, and loan processing. Minge says those capabilities are now standard across the industry, but do not replace the need for human interaction. He says the credit union’s strategy is to remain competitive digitally while maintaining access to in-person service.

“The bet we have is that people are still going to want that personal service and still want to interact with a human being and not have AI be their primary method of service,” Minge says.

Texas Trust’s foundation also recorded a milestone in 2025, surpassing $1 million in giving since its 2019 launch. Last year alone, the foundation contributed $331,571 to the community through grants, scholarships, and nonprofit donations.