Fort Worth Telco Credit Union announced that it will merge withFort Worth-based EECU, effectiveMay 31.
|“EECU has a long-standing relationship with Fort Worth TelcoCredit Union and its leadership,” said Lonnie Nicholson,president/CEO of EECU. “The decision to merge seemed like a naturalextension of the relationship between the two credit unions. We areexcited to enhance the products, services and delivery optionsprovided to Telco's members.”
|EECU serves more than 167,000 members.
|“We feel this merger will be extremely beneficial to ourmembers as they will have access to resources not currentlyavailable to them,” said Ron Reed, Fort Worth Telco Credit Unionpresident. “Having been our neighbor in Fort Worth for 33 years,we're confident in EECU's commitment to upholding the highstandards of service our members are used to.”
|The merger, which is already in progress and scheduled forcompletion on May 31, will transfer the approximately 5,000 FortWorth Telco Credit Union member accounts, which include checkingand savings deposits and loans, to EECU.
|EECU was founded in 1934 to serve the financial needs of FortWorth teachers. Today it holds assets of more than $1.4billion. Fort Worth Telco has assets of $41.4 million.
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