Effective May 1, 2021, First Class American Federal Credit Union, headquartered in Fort Worth, Texas, merged into United Texas Credit Union.
The merger is expected to be completed in November 2021, when First Class American FCU’s data records have been consolidated with United Texas. Upon completion, the merger will result in additional products and services for First Class American FCU’s 6,000 members, which include an expanded surcharge-free ATM network, additional branch locations, mortgage services, and a full array of business products and services.
First Class American FCU has two locations in Fort Worth and the credit union will also retain all its employees after the merger.
“This merger will result in a great partnership between two strong institutions and increased member value,” said Kyle Ashley, president and CEO of United Texas. “We follow the credit union philosophy of ‘people helping people’ and this merger will help us to continue to deliver superior products and services to the membership,” added Ashley.
The addition of First Class American FCU, which was founded in 1929, adds two additional locations for United Texas in Fort Worth. United Texas was established in 1955, currently serves almost 20,000 members and has almost $300 million in assets.