TDECU Continues to Grow in Greater Houston, Embraces Space City Through Strategic Merger
September 17 2024 - 8:05AM
Space City Credit Union is merging into TDECU, Houston’s largest
not-for-profit financial institution. TDECU President and CEO Isaac
Johnson will lead the new organization in this next chapter. After
growing and leading the organization for 30 years, Space City
Credit Union’s President and CEO, Craig Rohden, will retire. Upon
regulatory approval of the merger, TDECU will have nearly $5
billion in assets and close to 400,000 members and
will adopt the brand name Space City Financial in the Greater
Houston area including Harris and Brazoria Counties.
“We will unite our strengths and offer our Members even more
robust products, services, and technological investments. Together,
we will be one organization, fully committed to enhancing the
member experience and continuing to grow in ways that benefit the
communities we serve,” Johnson said. “I am thrilled to lead the
combined organization as we officially merge with a financially
strong credit union that shares our vision and our values.”
TDECU Members and Space City Credit Union Members should
continue to conduct their business as usual. There will be no
change to their accounts or banking experience. The transaction is
anticipated to be completed later this year, subject to receiving
all regulatory approvals and other closing conditions. Changes will
not take place before the first quarter of 2025.
A strong performing credit union with a rich local
history
Originally chartered by a handful of employees in 1965 as
Stewart & Stevenson Credit Union, Space City Credit Union has
$140 million in assets and serves over 12,500 members who live and
work in Harris and Brazoria Counties.
“We are excited about this combination with TDECU, and that the
Space City brand will expand in the greater Houston area,” said
Craig Rohden, President and CEO of Space City Credit Union. “We
share a deep commitment to empowering our members and their
families to build brighter financial futures. Given TDECU’s size
and reach, this merger allows us to offer even more comprehensive
services and innovative financial solutions that not only meet the
needs of our current Members but also position us to serve their
families well into the future.”
Members can learn more by visiting
TDECU.org/tdecu-and-space-city or
SpaceCityCU.com/merger/ or calling (800) 839-1154
About TDECU | Founded in 1955, TDECU is a not-for-profit
financial cooperative with more than 376,000 Members and over $4.8
billion in assets. TDECU currently has 39 service locations,
including 35 Member Centers, and offers a complete selection of
convenient, innovative, and competitive products and services,
including a full suite of deposit products as well as mortgage,
auto and personal loan products, online and mobile banking. TDECU
also offers, through its subsidiaries, retirement planning and
wealth management, personal and business insurance products.
Members can also access a worldwide network of over 55,000
surcharge-free ATMs. For more information visit tdecu.org or call
(800) 839-1154.
About Space City Credit Union | Originally chartered by a
handful of employees in 1965 as Stewart & Stevenson Credit
Union, Space City Credit Union has grown to over $140M in assets
and serves members who live and work in Harris and Brazoria
Counties. Space City CU has engaged in several mergers which
allowed us to grow and add members and branches, further enhancing
our ability to serve our members
Mike O'Neill
TDECU
3469014982
moneill@tdecu.org