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TFCU Announces Merger with Golden Key Federal Credit Union
Thursday, May 28, 2015 6:55 AM

El Paso Area Teachers Credit Union (TFCU) announced its merger with Golden Key Federal Credit Union. Golden Key Federal Credit Union members voted and overwhelmingly approved the proposed merger earlier this month.

The Golden Key Federal Credit Union (GKFCU) branch, located at 1226 Golden Key Circle, will become TFCU's ninth location when the merger is complete. GKFCU President and CEO Frank Shindo, Jr., Vice President Glenda Luera, UCFO, and all staff members will remain with TFCU.

TFCU President and CEO Max Villaronga said, "For over 79 years, TFCU has partnered with well-run credit unions to improve and enhance the credit union experience with "red carpet" service. This merger is an excellent example of two strong partners uniting to create a win-win scenario for their employees, members, and community."

Both credit unions are waiting for the National Credit Union Administration's final approval.

TFCU was founded in El Paso, Texas, in 1936. It currently has over $519 million in assets and serves 50,000 members from eight locations throughout El Paso. For more information, please visit tfcu.coop.

Golden Key Federal Credit Union was chartered on April 5, 1951, as Safeway El Paso Employees Federal Credit Union. Now, as Golden Key Federal Credit Union, it has more than $61 million in assets and serves over 5,500 members.