BECU Trust Company, a subsidiary of the $11.5 billion BoeingEmployees Credit Union in Tukwila, Wash., has merged into theMEMBERS Trust Company in Tampa, Fla.
|The merger was completed July 1, according to a joint statementreleased this week.
|With more than $1 billion in assets, MEMBERS Trust Company isowned by credit unions nationally and CUNA Mutual and providestrust and investment services to credit unions and theirmembers.
|The announcement said BTC's professional staffers will continueto work from their Washington office to provide trust andinvestment services to existing and new clients through MTC as BECUTrust Services.
|Scott Strand, BECU senior vice president of member operations,will become a member of MTC's board of directors.
|“We are looking forward to the expanded trust services that thismerger will bring for BECU members while enabling them to be servedby the same trust professionals at BECU,” BensonPorter, president/CEO of BECU.
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