The $7.4 million TrustUS Federal Credit Union in Midlothian, Texas said July 18 that it will merge in September with the Arlington, Texas-based, $918 million Texas Trust Credit Union.
The consolidation was approved by TrustUS members and regulators, according to a prepared statement.
TrustUS, formerly Texas Industries Employees Credit Union, which was founded in 1956, decided to merge after it lost its sponsorship when Texas Industries was sold to Martin Marietta Materials Inc. in 2014. Texas Industries produced cement and aggregate products for the construction industry. TrustUS served 2,401 members.
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.
