Credit Union Closures

The Cornerstone Credit Union League continued to add to its list of closed credit unions across a wide area of Texas flooded by what was Hurricane Harvey and has turned into a tropical storm. There were 46 credit unions closed as of Monday. The closures include the following:

AMOCO FCU, Bayer Heritage FCU (Baytown Location), Baylor College of Medicine FCU, Beacon FCU (All branches), Brazos Valley Schools CU, Coastal Community FCU (closed half day), Coastal Teachers FCU, Community Resource CU (call center will be open), CTECU, Cy-Fair FCU, Empowerment Community Development FCU, Energy Capital CU, FAA FCU (Houston airport branch), First Community CU (All branches closed), First Service CU, Harris County FCU, Houston FCU (Houston-area locations), Houston Texas Fire Fighters FCU, Houston Highway CU, Houston Metropolitan FCU (All branches), Houston Police CU, IBEW LU 66 FCU, InvesTex CU, Members Choice CU (All branches), MemberSource CU, Members Trust of the Southwest FCU (Houston-area locations), Memorial CU, Oak Farms Employees CU, People's Trust FCU, PIE CU, Plus 4 CU, Port Arthur Teachers FCU, Port of Houston CU, Premier America CU, Primeway FCU, Resource One CU (Houston-area locations), SPCO CU, Smart Financial CU, Southern FCU, Southern Star CU, Space City CU, Team Financial FCU, Texas Bay CU, Transtar FCU, USE Credit Union and Union Fidelity FCU

According to data compiled by CU Times, of the 39 credit unions closed in Houston on Monday, those credit unions had 2,379 full-time and 268 part-time employees as of March 31. They have 909,259 members and $10.2 billion in assets.

According to the Cornerstone Credit Union League, Coastal Community FCU and Smart Financial CU announced closures for Tuesday.

Instant Insights /

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