Press

Belton Leads TDECU Holdings With An Eye On Strong Growth

Media Contact: Liz Perez, GDC
210-223-2772, ext. 159
lperez@gdc-co.com

(Lake Jackson, TEXAS) – As part of its continued course of growth, the Texas Dow Employees Credit Union (TDECU) has created TDECU Holdings, LLC, to manage all of its subsidiaries, or Credit Union Service Organizations (CUSOs): TDECU Insurance, LLC; TDECU Wealth Advisors; TDECU Real Estate, LLC and Century Oaks Title, LLC. The credit union is pleased to announce that Timothy D. Belton has been named President and CEO of TDECU Holdings, LLC as well as CEO of TDECU Insurance Agency, LLC and TDECU Real Estate LLC.

Having consulted with TDECU since November 2010, Belton joined the credit union earlier this year to lead the growth of TDECU’s subsidiaries. He brings over 20 years of C-level executive and advisor experience, working with growing businesses and leading management teams through transformational change. His experience spans various industries including consumer retail, entertainment, civil and environmental engineering, and light manufacturing.

“The business structure we have established will propel continued growth through a dedicated focus on each line of business,” said Mr. Belton. “All of our lines of business have experienced a strong growth year, despite the down economy. We are confident this new organization will drive continued growth and expansion across all business lines, enabling TDECU with the growth capital it needs to serve more members.”

TDECU Insurance Agency is poised for growth with the recent addition of Wesley “Wes” Wolff as President. An insurance industry leader, Wolff has over 30 years of insurance agency expertise including sales, sales management and proven leadership. Having recently added two agents to the team, the agency is actively exploring acquisitions to cultivate further growth and expand its service area.

TDECU Investments is also expanding under the leadership of Wesley J. Garner, CRPC®, who was recently named Producing General Manager of TDECU Investments, now operating as TDECU Wealth Advisors. With the planned addition of 10-15 financial advisors in the Houston area over the next 12 months, this anticipated growth reflects the credit union’s commitment to this line of business and to recruiting talented financial advisors.

Despite a lackluster housing market, TDECU Real Estate, LLC continues to show strong performance in terms of growth in volume and market share. It ranked as the top real estate firm in Lake Jackson/Brazoria County for the third quarter, eclipsing the number two real estate broker by more than 40% for units sold. Additionally, TDECU agents accounted for three of the top 10 agents in Brazoria County for units sold and sales volume during September: Tammie Bell (#1); Ryan Birdsong (#5); and Shayne McGehee (#8). TDECU Real Estate is serving members in Brazoria County, Greater Houston and the Victoria Crossroads market, where it plans to open offices in the near future.

As Century Oaks Title, LLC marks its one-year anniversary; the company continues to experience rapid growth and is expanding into the Greater Houston and Victoria markets. Its strong performance is bucking the downward trend faced by the national real estate industry. The title company, which will be expanding its business services to bigger office space, provides a complete array of title services through a streamlined closing process that is comprehensive, convenient and efficient.

“The vision for TDECU Holdings, LLC is one of continued robust growth, delivering expertise and legendary service and products to the markets we cater and the clients we engage,” said Belton. “When TDECU Holdings and its companies grow, the members benefit.”

About TDECU

Founded in 1955, TDECU is a not-for-profit financial cooperative with over 150,000 members and more than $1.7 billion in assets. TDECU currently has 27 service locations, including 23 branches, and offers a complete selection of convenient, innovative, and competitive products and services — including savings, checking, certificates of deposit, IRAs, money market accounts, auto and home loans, credit cards, free online banking and bill pay, insurance, investment services, business services, and much more. Members can also access over 43,000 surcharge-free ATMs. For more information about TDECU, go online to TDECU.org or call 800.839.1154.

CRPC® is a registered servicemark of the College for Financial Planning®. Securities offered through LPL Financial, member FINRA/SIPC.  Insurance products offered through LPL Financial or its licensed affiliates. TDECU and TDECU Investments are not registered broker/dealers and are not affiliated with LPL Financial. The investment products sold through LPL Financial are not insured TDECU deposits and are not FDIC insured. These products are not obligations of the TDECU and are not endorsed, recommended or guaranteed by TDECU or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible.


More News