SAN ANTONIO — Effective Jan.1, South Texas Healthcare Federal Credit Union merged into UNITED SA Federal Credit Union.
The merger is expected to be complete in March when South Texas Healthcare FCU's data records have been consolidated with UNITED SA's. Upon completion, the merger will result in additional products and services for South Texas Healthcare FCU's 2,700 members, which include an expanded surcharge-free ATM network, additional branch locations, insurance and investment services as well as a full array of business products and services.
South Texas Healthcare FCU will keep its current location on Louis Pasteur and the credit union will also retain all of its employees after the merger, according to both credit unions.
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"The results of this merger will be a great partnership between two strong institutions and increased member value," said Steve Coomes, president/CEO of UNITED SA. "We follow the credit union philosophy of 'people helping people' and this merger will help us to continue to deliver superior products and services to the membership."
The addition of South Texas Healthcare FCU, which was founded in 1959, adds a second location for UNITED SA in San Antonio, in addition to 20-shared branches located throughout the city. UNITED SA was established in 1955, currently serves almost 30,000 members and has over $210 million in assets.
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