LAKE JACKSON, Texas TDECU said its successful merger with Dallas-based Texas Catholic Community Credit Union is the "most recent step" in its expansion plans.
TDECU said the acquisition of $33 million TCC Credit Union represents the greater Houston-area credit union's entry into the Dallas/Fort Worth market. The $2.5 billion-asset TDECU says it plans to bring residents in the DFW communities access to its financial services, products and "renowned" service.
"TDECU is proud of our partnership with TCC Credit Union," Stephanie Sherrodd, TDECU's president and CEO, said in a statement. "We are celebrating 60 years of helping our members strengthen their financial lives, and look forward to offering the same outstanding service to TCC Credit Union members."
TCC Credit Union was established in 1969 to serve Catholics in the greater Dallas/Fort Worth area. Prior to the merger it operated two branches and served more than 7,000 members. Employees of TCC Credit Union have been offered positions with TDECU.
"TDECU stood out to us as the right partner because of its commitment to its members, employees and the community," said Robert Sweitzer, TCC Credit Union's board chair. "We were also duly impressed by its industry-leading technology and innovative financial education programs."
Founded in 1955, TDECU currently has 40 service locations, including 35 retail branches.
