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Security Says Beehive Merger 'Going Well'

The $6 billion Security Service Federal Credit Union of Texas said Friday its takeover this week of the failed $145 million Beehive CU "is going very well with positive member response" despite months of public turmoil.

By Jim Rubenstein | Updated on December 16, 2010

The $6 billion Security Service Federal Credit Union of Texas said Friday its takeover this week of the failed $145 million Beehive CU “is going very well with positive member response” despite months of public turmoil.

The San Antonio CU, as Utah’s newest out-of-state entry, also reaffirmed its eagerness to “cooperate fully with our Utah peers to ensure the continued viability of the credit union charter in Utah and throughout the country” in an apparent reference to the bitter and costly field of membership court fight with the banking lobby.

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