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People's Trust FCU Merges with Houston Chronicle Employees FCU
Tuesday, May 20, 2014 6:50 AM

During a special meeting on May 15, the board of People’s Trust Federal Credit Union approved the merger with Houston Chronicle Employees Federal Credit Union. Although the merger will be effective as of July 1, HCEFCU members won’t have access to People’s Trust products, services, and branches until August 4.

Beginning August 4, the Houston Chronicle Employees FCU, located in downtown Houston, will change its name to People’s Trust Federal Credit Union. This merger adds 1,400 members to People’s Trust FCU and gives those new members a more inclusive variety of products and services, including better rates and mobile banking. Angela McCathran, President/CEO of People’s Trust welcomes the new members into their credit union family.

Carolyn Ward, an employee at HCEFCU since 1975 and CEO since 2011, said, "I was always confident that HCEFCU’s membership would understand the importance of this merger—that the focus has always been what’s best for them."

Originally operating under the name of Shell Employees Federal Credit Union, People’s Trust FCU modified its name in 2005 and opened its membership to include anyone that lives in Houston.