CLUTE, Texas–Members of the $47-million Brazosport Teachers FCU here have voted to approve a proposed merger with the $110-million Space City Credit Union in Houston.
The combined entity will operate under the Space City Credit Union name with BTFCU operating as a division of Space City until the scheduled systems merger in August of 2022, SpaceCity CU stated.
In addition to its branches in Clute, La Porte, and Houston, Texas, Space City is also a member of Co-op’s shared branching, which offers 5,000 nationwide shared branching locations, including more than 80 branches in and around Brazoria and Harris counties.
“Access will not be an issue for current or future members,” said Donna Butterfras, current president/CEO of BTFCU.
Butterfras will remain with the credit union as CFO. Craig Rohden, Space City’s current CEO since 1994, will remain the in his role.
“We’re all very excited about the merger with BTFCU. Our economy of scale is increasing, and this will allow us additional resources to not only survive, but truly compete in a very competitive market,” said Rhoden. “Our mission is to “go above and beyond” for our members, and we’re looking forward to doing just that for our new BTFCU members.”