Dear Valued Member,

CTECU has been meeting the financial needs of its member-owners since 1952, and we continue to place the utmost importance on serving our members’ best interests. That is why, after careful consideration, CTECU’s Board has entered into an agreement to merge with Chevron Federal Credit Union (CFCU).

Why we believe merging is right for our members:

  • CFCU serves Chevron employees, contractors, and family members in Texas and across the country. Our common tie to Chevron Corporation helps make this merger both strategic and logical.

    • Our Wilcrest office will remain open. The name will change to Chevron Federal Credit Union, Westchase Branch.

    • Merging will give our members access to two additional branches in the Houston area.

  • CTECU needs a strong business partner. Combining the two credit unions will give our members access to higher deposit rates, lower loan rates, and an array of new products and services.

  • CTECU and CFCU share a strong commitment to helping members achieve a brighter financial future. Friendly, personalized service is a core value of both organizations.

As member-owners of CTECU, your vote in favor of the Board’s recommendation to merge with CFCU is a crucial step in the process.

Voting opens at 12:01 a.m. CT, April 4, 2023, and closes at 7 p.m. CT, May 19, 2023. Votes received after the deadline will not be counted.