Houston CUs Cleared For Merger
HOUSTON – State regulators this week said they have approved the combination of Right Choice CU into First Service CU, creating a $300 million credit union, one of this city’s largest.
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.
The deal follows a recent merger of PrimeWay FCU with TexasOne Community FCU, creating a $400 million Houston credit union.
State regulators also approved the merger of Longview’s East Texas Professional CU, with $450 million, with $7 million Synergy Eastex FCU.