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Texas Dow Employees Credit Union Makes Move Into Houston Market

By all accounts, it was the $1.6 billion Texas Dow Employees Credit Union that shook up the merger landscape last week with its merger with the $80 million Bluebonnet CU.

By Jim Rubenstein | Updated on May 23, 2011

By all accounts, it was the $1.6 billion Texas Dow Employees Credit Union that shook up the merger landscape last week with its proposed deal. Described as “50 years in the making,” Texas Dow will expand for the first time into the Houston market by taking over the $80 million Bluebonnet CU.

As it signed an intent letter with the Bluebonnet board, the Lake Jackson credit union detailed an ambitious expansion strategy into metro Houston, including the addition of three new branches and a wider reach into the real estate and mortgage sectors with the purchase two months ago of a Lake Jackson real estate firm it made into a CUSO.

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