LAKE JACKSON, Texas–TDECU has announced another merger, giving it an even larger presence in the Houston market.
The $4.86-billion Texas Dow Employees Credit Union (TDECU), which has 400,000 members, said it and the $802-million Smart Financial Credit Union, which has 60,000 members, are seeking to combine.
TDECU had $9.68 million in net income as of mid-year, with net worth of 10.11%. Smart Financial had $2.6 million in net income and net worth of 10.82% as of the same date.
In a statement, the credit unions said the merger would “bring together two of Houston’s most trusted financial institutions.”
On its website, TDECU said the merger follows several years of conversation.
Strengthened ‘Position’
“With competition in the financial services industry becoming increasingly fierce, the proposed merger will strengthen the credit union’s market position,” TDECU said. “The combined organization will continue its mission to improve lives and strengthen local communities…. Through efficient operations and up-to-date practices, our experienced management and operations teams share a commitment to delivering superior member experience.”
The combined credit union would have 48 branch locations.
Upon regulatory approval, TDECU President and CEO Isaac Johnson will lead the new organization, while Smart Financial Credit Union CEO LeAnn Kaczynski will remain with the organization as chief integration officer for one year.
The proposed merger is expected to be finalized in early 2026, pending regulatory approval, and a member vote by Smart Financial.
Smart Financial was chartered in 1934 as the Houston Public School Teachers Credit Union.
Earlier Merger
TDECU merged with Space City Credit Union in 2024, with the merger officially closing around June 1 of this year.
