FT. WORTH, Texas–Mergers have been announced in Texas and Wisconsin. In the latter deal, many of one CU’s members were already members of the other.
In the Lone Star State, the $350,000 All Saints Catholic FCU has merged into the $280-million Forth Worth City Credit Union. Founded in 1956, Al Saints Catholic had just 105 members.
“Fort Worth City CU will now provide additional products and services for All Saints Catholic FCU’s members, including additional branch locations and operating hours, a full array of online and mobile services, mortgages and other loan options, and expanded surcharge-free ATM and shared branch networks,” the credit union said in a statement.
Founded in 1929, Fort Worth City CU has more than 15,000 members and three branches.
Wisconsin Merger
Meanwhile, in Wisconsin, the $3.75-billion Royal Credit Union said it is merging in the $6.7-million Utilities Credit Union. Royal CU reported approximately 500 of UCU’s 896 Members are existing Royal members. All UCU members are expected to be transitioned to Royal by Oct. 4, 2021.
“We look forward to welcoming UCU members to Royal Credit Union,” said Brandon Riechers, Royal Credit Union president & CEO. “Royal offers a wide variety of products and services from several offices around Eau Claire, making the merger a great fit for UCU Members. We are excited to extend our value proposition and community commitment to the UCU Membership. In addition, we are pleased to offer all employees and retired employees of Xcel Energy and its subsidiaries added benefits through Royal’s Employer Partnership program beginning in October.”
UCU was formed in 1932 to serve Xcel Energy/Northern States Power employees, retirees and their families.
UCU currently has a single office location inside the Xcel Energy building located at 1414 West Hamilton Avenue in Eau Claire that is closing.