CEO Courtland Crochet says decision to merge with big CU followed year of consideration and pileup of regulations and compliance burdens.
The $1.6 billion TDECU aims to add San Jacinto Area CU to Bluebonnet CU merger announced a month ago.
By all accounts, it was the $1.6 billion Texas Dow Employees Credit Union that shook up the merger landscape last week with its merger with the $80 million Bluebonnet CU.
Acquisition of hometown realty firm dovetails with merger bid into Houston market for $1.6 billion TDECU and its CUSO strategy.
Taking over $80 million Bluebonnet is part of an expansion plan "50 years in the making," TDECU CEO says.