Merger between TDECU and San Jacinto Area Credit Union merger becomes official
The merger between TDECU and San Jacinto Area Credit Union became effective Dec. 1, the companies announced Thursday.
It received regulatory approval in November, according to a joint news release, and San Jacinto branches will transition into TDECU branches through the next six months.
The organizations' boards moved forward with the goal of creating one financial institution that benefits both memberships with better rates, increased accessibility and enhanced service, said Stephanie Sherrodd, TDECU's executive vice president and chief operating officer.
"Our partnership will ultimately strengthen the capabilities of the combined credit unions moving forward," she said.
Once the conversion process is complete in summer 2012, all San Jacinto accounts will be fully integrated into TDECU, according to the release. In the meantime, San Jacinto members will have access to TDECU products and services.