FOR IMMEDIATE RELEASE
Date: April 26, 2022
First Service Credit Union to Complete Merger with People’s Trust Federal Credit Union
Combined Organization Will Be Fifth Largest Credit Union in Greater Houston
HOUSTON, Texas (April 26, 2022): People’s Trust Federal Credit Union will merge into First Service Credit Union, effective May 1, creating the fifth largest credit union in the Greater Houston area. The merger was finalized after a favorable vote from People’s Trust members during their Annual Meeting on April 16. The finalization of the merger creates a state-chartered, federally insured financial cooperative with more than $1.4 billion in assets and serves more than 98,000 members.
“Our members are at the forefront of everything we do, and we’re thrilled to deliver an outstanding experience to them,” said Dave Bleazard, First Service CEO and President. “Now that this strategic partnership has finally come to fruition, our combined knowledge and expertise will help us develop new ideas and innovative technologies to enhance members’ lives. We are committed to making sure we help every member reach their financial goals with First Service, whether in person or digitally.”
The merger will provide members with a larger branch and ATM network as well as enhanced products and services. First Service will welcome all People’s Trust employees, and together, the combined organization will now have more than 260 employees.
“This merger strengthens our ability to positively impact our members and the community,” said Steve Gilman, People’s Trust Interim CEO. “The benefits are far-reaching; our members will have added convenience for their financial needs, our employees will have a larger network of resources, and our community will prosper with a thriving credit union that values people over profit. I’m excited for the future of First Service.”
First Service will be led by Bleazard and a combined senior management team and board of directors comprised of individuals from both credit unions.
About First Service Credit Union
First Service Credit Union is a member-owned financial cooperative operating from throughout the Houston, Texas, area. It was established in 1977 as Brownbuilder Federal Credit Union, and now serves more than 68,000 members with more than $896 million in assets. Membership is available to the family of existing members and those who live, work, worship or attend school in Harris, Waller or Fort Bend Counties or Conroe or Magnolia Independent School Districts. First Service also serves the employees of a number of Select Employee Groups, including KBR and CenterPoint. For more information, visit FSCU.com.
About People’s Trust Federal Credit Union
People’s Trust Federal Credit Union is a member-owned financial cooperative operating from six branch locations throughout the Houston, Texas, area. It was established in 1935 as Shell Employees Federal Credit Union, and now serves more than 30,000 members with more than $524 million in assets. Membership is open to the family of existing members, those who live, work, worship or attend school within the Houston city limits, and those who work for any of their Select Employee Groups, including Shell. For more information, visit peoplestrustfcu.org.