A pair of college-town credit unions announced an agreement to combine their resources to better serve their communities. University Credit Union (UCU), based in California, and Abilene Christian University Credit Union (ACU Credit Union), based in Texas, entered into a merger agreement intended to expand and enhance their community-focused banking offerings.
Both institutions approved the deal on Dec. 18 last year and officially ratified it on Feb. 1. With core banking system conversions completed on March 2, the newly combined entity is confident its full community rollout will ensure a smooth transition, with personalized service as a priority for all members, according to a UCU press release.
“This merger isn’t just about growth — it’s about delivering even greater value to our members,” UCU President and CEO David Tuyo said in the release. “With our combined resources, ACU Credit Union members will gain expanded access to financial solutions while benefiting from the same community-driven service they've always relied on.”
UCU is no stranger to serving college communities with a well-established relationship with Western Athletic Conference (WAC) and University of Texas at Arlington.
For customers of ACU Credit Union, the merger will mean access to UCU’s digital banking, competitive loan rates, and financial wellness programs, the release stated. It will also expand UCU’s network of ATMs and branches, as well as its online and mobile banking services.
“Abilene Christian University Credit Union and University Credit Union share a commitment to our members and communities,” ACU Credit Union President Troy Mann said in the release. “This partnership represents an exciting new chapter, strengthening our ability to provide exceptional value and support to every member.”
ACU students, faculty, staff, and alumni already had access to UCU membership through the credit union's Western Athletic Conference sponsorship, the release noted. UCU framed the merger as aligning with its mission to empower university communities by providing trusted, member-focused financial services.