Primed now for Houston expansion following its merger bid on the $80 million Bluebonnet CU, the $1.6 billion Texas Dow Employees Credit Union disclosed Thursday it is already making early listing and contract gains on its CUSO-linked purchase of a realty firm.
In outlining its broadened reach into mortgages, real estate and insurance, TDECU said it is relying on the CUSO framework and new management "firepower" to increase earnings as it provides new member services in untapped markets.
Apart from finalizing its proposed and long-awaited bid to gain entry into Houston through the Bluebonnet merger, TDECU said it also expects the transaction will dovetail nicely into its purchase two months ago of Birdsong Real Estate in TDECU's hometown of Lake Jackson.
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