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Texans CU Purchases Investment Firm for Long-Term Growth

When Texans Credit Union's senior team and board strategize at planning sessions, one topic seems to always top the priority list: how to aggressively reach out to the membership segment that represents one-eighth of the financial institution's $2 billion in deposits.

By Michelle A. Samaad | Updated on January 08, 2008

RICHARDSON, Texas — When Texans Credit Union’s senior team and board strategize at planning sessions, one topic seems to always top the priority list: how to aggressively reach out to the membership segment that represents one-eighth of the financial institution’s $2 billion in deposits.

To make that happen Texans completed the merger of OBS Financial Services, Inc. on Dec. 20, a registered investment advisory and asset management firm. Whitehouse, Ohio-based OBS serves 52 community banks and trust firms nationwide, providing them with trust, retail, and separately managed account services. Terms of the deal were not disclosed.

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