Merger Announcement

Resource One Credit Union and A New Direction Credit Union announce approval to merge.

DALLAS, TX (September 16, 2022)

ANDCU Press Release ImageResource One Credit Union (R1CU) and A New Direction Credit Union (ANDCU) announce that they have received regulatory approval to merge, effective August 1, 2022. More than 2,700 members of ANDCU are joining Resource One Credit Union’s 68,000 members, and ANDCU’s branches and ATMs will be added to the current Resource One Credit Union branch and ATM network.

“It is our honor to welcome A New Direction Credit Union members and employees to Resource One Credit Union. Resource One members will have access to an additional branch conveniently located in the North Dallas area. This merger helps place our already strong credit union in a better position to serve all our members in the coming years,” states Mary Beth Spuck, President/CEO of Resource One Credit Union.

Resource One and A New Direction will work together in the following months to convert ANDCU members and anticipate the merger to be completed in late 2022.

“The Board of Directors and Management want to thank all of ANDCU’s member-owners for their loyalty and let them know that exciting things are about to happen. Our decision will allow more opportunities, convenience, and an assortment of products and services to help with your financial needs. Both credit unions are instilled with the same value of ‘People Helping People.’ The best days are yet to come,” says Suzanne Chism, the President/CEO of ANDCU.

The merger is estimated to increase Resource One’s assets to over $765 million, and they will have over 70,000 members.

About Resource One Credit Union

Resource One Credit Union was originally chartered as Sears Dallas Employees Federal Credit Union in 1936. Over time, the increased demand for more locations and additional products and services prompted the expansion of our product lines and field of membership. Today, Resource One proudly serves as a not-for-profit financial institution for the communities of Dallas and Northwest Harris counties. Resource One Credit Union has 11 convenient locations to serve our 60,000 and counting members. Visit Resource One Credit Union’s homepage at www.r1cu.org.

About A New Direction Credit Union

A New Direction Credit Union was initially chartered as Presbyterian Hospital Credit Union in February 1969. The credit union serves primarily the employees and physicians of Texas Health Resources Hospitals and Affiliates, in addition to several other employment groups. ANDCU has over 2,700 members and operates two branches in Dallas, TX. Visit A New Direction Credit Union’s homepage at www.andcu.org.

Contact

For more information contact:
Marketing Department
Resource One Credit Union
marketing@r1cu.org

 

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