ARLINGTON, Texas–Two Texas credit unions have announced merger plans.
TrustUS FCU in Midlothian, Texas, and Texas Trust CU here said they will merge and that regulators have signed off on the plan. The merger will fully commence when a new Midlothian branch opens in September.
“This merger will make us a stronger financial partner for TrustUS members,” said Lisa Lemon, president of TrustUS Federal Credit Union, in a statement. “We’ll now be able to offer products and services to meet the financial needs of our members at every stage of their life.”
Texas Trust said it will retain the TrustUS employees and open a new full-service branch, which will be its 16th. The combined credit union will have assets in excess of $950 million and more than 80,000 members.
“Our member-first philosophy will ensure that TrustUS employees and members receive superior service and products that will help them build brighter financial futures,” said Jim Minge, president and CEO of Texas Trust Credit Union, in a statement. “Through this merger we are able to keep TrustUS members in the credit union family and expand into a new community where our goal is to become Midlothian’s preferred financial institution.”