First Service CU Makes Right Choice With Houston Merger
HOUSTON – First Service CU on Wednesday announced it is combining with Right Choice CU in the most recent of Houston credit union marriages.
The combination will create a credit union with more than $300 million in assets and 41,000 members.
Although Right Choice will be the acquiring credit union, the name of the combined credit union will remain First Service Credit Union to retain the brand identity established in the community. David Bleazard, CEO of Right Choice, will be CEO of the combined organization. Following approval by the NCUA and the state regulator, First Service members must vote to approve the merger, which is expected to be completed by the end of the year.
The deal follows a recent merger of PrimeWay FCU with TexasOne Community FCU, creating a $400 million Houston credit union.