On April 27, 2022, members of Brazosport Teachers FCU voted to approve a proposed merger with Space City Credit Union. The combination of the two credit unions will create an $163M credit union with branches in Houston, La Porte, and Clute, Texas, serving nearly 13,000 members.
Effective May 1st, the combined entity will operate under the Space City Credit Union name with BTFCU operating as a division of Space City until the scheduled systems merger on August 1, 2022.
In addition to its branches in Clute, La Porte, and Houston, Texas, Space City brings over 5,000 nationwide shared branching locations to the members of BTFCU. The CU Shared Branching System, which is the third largest brick and mortar branch network in the country, includes over 80 branches in and around Brazoria and Harris counties. “Access will not be an issue for current or future members!” said Donna Butterfras, current President/CEO of BTFCU.
The member vote was a crucial step in the merger approval process which both boards announced earlier this year, and state and federal regulators later approved. “Brazosport Teachers FCU members won’t see any changes to their accounts until the two institutions’ systems are merged in August”, said Butterfras, who will remain with the credit union as the Chief Financial Officer. Craig Rohden, Space City’s current CEO since 1994, will remain the organizations President and CEO.
Butterfras added, “Our members will enjoy the security and expanded services this merger will provide while retaining the service and commitment levels they have come to rely on. Our employees will have more opportunity to serve, grow, and promote by virtue of a larger organization. And our long history of community involvement and charitable giving will continue as both organizations share the same philosophy of giving back to the communities we serve”.
Rohden commented, “We’re all very excited about the merger with BTFCU. Our economy of scale is increasing, and this will allow us additional resources to not only survive, but truly compete in a very competitive market. Our mission is to “go above and beyond” for our members, and we’re looking forward to doing just that for our new BTFCU members.” For more information on Space City CU visit their web site at www.SpaceCityCU.com.
System Maintenance Update
You will experience a temporary service interruption while we merge BTFCU data over to Space City Credit Union. We apologize for these temporary inconveniences that are necessary to convert your data. We assure you there are many great services for you to take advantage of beginning August 2, 2022!
The Clute branch will be closed Monday, August 1, 2022. Please take note of branch closure.
Your online and mobile banking systems will be unavailable from 2pm on Friday, July 29, 2022 through Monday, August 1, 2022.
Your debit card will work with reduced limits from 2pm on Friday, July 29, 2022 through Monday, August 1, 2022.
Merger Questions and Answers
Will my account number change?
Most members will keep your same account number. A few member numbers were changed due to duplication of existing numbers. We have already contacted those few members whose account numbers will change.
Will my BTFCU debit card still work after the merger?
Yes, your BTFCU debit card will still work after the merger. We will reissue Space City Credit Union debit cards soon after the merger and will notify you after we do so.
Will my BTFCU checks still be good?
Yes. But when you order new checks, they will have a Space City name and routing number, but both will still work.
What about ACH / Direct Deposit that I may currently have set up?
Your existing ACH / Direct Deposit will still work. Any new ACH you set up can be set up on either RT, but we prefer using the new Space City routing number. But for now, they will both work and will for the foreseeable future. Any changes will be communicated well in advance.
Will my BTFCU Credit Card still work?
Yes, your BTFCU Credit Card will still work. Sometime in the future, we will issue you a new Space City credit card. Until then, your BTFCU credit card will work. More information will be communicated with you in the near future about when you will receive a new credit card.
What about my BTFCU account statement?
Your July member account statement with BTFCU (received in August) will be the last statement you will receive from BTFCU. Your year to date dividends will be rolled over to your new account. Space City CU will pick up the new balances as of August 1st and you will receive a new Space City CU statement for August 31st. If you sign up for E-statements, your E-statement will be generated and ready for your viewing around September 4rd or 3rd. If you receive a paper statement, it will usually arrive before the 10th of the month in regular mail. We recommend signing up for E-statements.
What about my home banking and bill payment access?
You will keep your existing home banking and bill payment access with Space City CU if you are currently enrolled at BTFCU. Space City CU has a robust home banking platform and we highly encourage you to take advantage of the service as new features will be available to you on August 2, 2022.
We were unable to convert Bill Pay accounts, we apologize for the inconvenience, but you will need to set up new bill pays on your next log in.
What about my mobile banking access?
You will retain mobile banking access with Space City CU if you are currently enrolled. On August 2, 2022 your BTFCU app will redirect you to the app store to download the Space City CU app. Your existing log in credentials will work if they meet security and complexity requirements. If they do not, we have contacted you to let you know to give you the opportunity to update prior to August 2, 2022.
Do you have a different fee schedule/structure than BTFCU?
Yes, click here to see a copy of your new fee schedule. There are certain things you must do to avoid a fee on your savings or checking account. See the fee disclosure to find out how easy it is to avoid the fees.
Will I still be able to use the 216 Lakeview Drive, Clute TX 77531 Branch?
Yes, the Clute branch will be open for business as usual.