The $1.7 billion Texas Dow Employees Credit Union has created a holding company to manage its insurance, wealth advisory and real estate and title CUSOs.
Through the launch of TDECU Holdings LLC, the credit union has brought TDECU Insurance LLC, TDECU Wealth Advisors, TDECU Real Estate LLC and Century Oaks Title LLC under one management entity.
Timothy Belton has been named president/CEO of TDECU Holdings as well as CEO of TDECU Insurance Agency and TDECU Real Estate.
After consulting with TDECU since November 2010, Belton joined the credit union earlier this year to lead the growth of the cooperative's subsidiaries.
“All of our lines of business have experienced a strong growth year, despite the down economy. We are confident this new organization will drive continued growth and expansion across all business lines, enabling TDECU with the growth capital it needs to serve more members,” Belton said.
The Lake Jackson, Texas-based TDECU serves more than 150,000 members.
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