More than 10 years after it opened its doors for business, BECU Trust Co., has entered a new phase.
The wholly owned subsidiary of the $11.5 billion BECU in Seattle merged with MEMBERS Trust Co., the Tampa, Fla.-based, nationally-chartered, credit union-owned trust firm, on July 29. The new name will be BECU Trust Services.
With MTC being the surviving entity, BTC's staff of eight, which includes four trust officers, will continue to serve BECU's more than 826,000 members at the credit union's Tukwila, Wash. Financial Center, said Linda Davenport, vice president and senior trust officer at BECU Trust. Launched in 2004, MTC is owned by several credit unions and CUNA Mutual Group.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
