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Saturday, March 6, 2021

TDECU expands in D-FW with merger

TDECU-Your Credit Union, a not-for-profit financial cooperative, has completed its merger with Dallas-based Texas Catholic Community Credit Union (TCC Credit Union).

The merger marks the credit union’s entry into the Dallas-Fort Worth market. Founded in 1955, TDECU has 200,000 members and $2.5 billion in assets. TDECU currently has 40 service locations, including 35 retail branches, and offers a suite of deposit products as well as mortgage, auto and personal loan products, online and mobile banking. The credit union also offers, through its subsidiaries, retirement planning and wealth management, personal and business insurance products, and full title and realty services.

“TDECU is proud of our partnership with TCC Credit Union. We’re 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,” said Stephanie Sherrodd, TDECU president and CEO.

Established in 1969 to initially serve Catholics in the greater Dallas-Fort Worth area, TCC Credit Union prior to the merger had $33 million in assets, operated one branch in Fort Worth at 4312 Town Center Dr. and another branch in Dallas, 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 B. Sweitzer, TCC Credit Union board chairman. “We were also duly impressed by its industry-leading technology and innovative financial education programs.”

The National Credit Union Administration and the Texas Credit Union Department approved the merger between the financial institutions.

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