CHATSWORTH, Calif.– California-based Premier America Credit Union said it has entered into definite purchase and assumption agreement with Dallas-based Resource One Credit Union to acquire three branch locations in the Houston area.
Regulators have signed off on the deal, which is expected to close during the first half of 2026.
“Premier America has proudly served the Houston community for over 40 years, and we are excited about the opportunity to provide greater access for our current and new members and expand our footprint through the addition of these three locations,” Premier America CU President and Rudy Pereira said in a statement. “The members and team members of Resource One share common core values and a passion for member experience, while offering affordable solutions that support the financial well-being of our members and communities.”
Seeking ‘Operational Efficiencies’
Added Resource One President and CEO Mary Beth Spuck in a statemen, “As we continue to deliver on initiatives to achieve operational efficiencies and revenue growth, we believe this divestiture will enable us to reallocate capital toward our core Dallas market. Premier America has demonstrated its unwavering commitment to the credit union model and proven to be the best match for our team and our members. Their commitment to quality products and dedication to the Houston community mirrors ours, and I am pleased that our Houston staff will be joining such a fine team to continue to provide financial services and resources for the members of those communities.”
The $3.3-billion Premier America, which already operates in Texas, said it sees the acquisition as an opportunity to advance its growth in Harris County.
Premier America reported $6.55-million in net income as of Sept. 30, with net worth of 9.87%. The $662-million Resource One had $1.15 million in net income and net worth of 7.59%.
Advisors on Deal
Olden Lane served as financial advisor and Hughes Watters Askanase LLP provided legal counsel to Resource One. McQueen Financial Advisors served as financial advisor and Honigman LLP provided legal counsel to Premier America Credit Union.
