Texans Credit Union Expands to $2.6B in Assets With Las Colinas FCU Merger 

Richardson-based Texans Credit Union is merging with Las Colinas Federal Credit Union, bringing the combined institution to approximately $2.6 billion in assets and 150,000 clients across 14 North Texas branches.

The deal, finalized on February 28, adds roughly $95 million in assets, three branches, and more than 10,000 clients to Texans CU’s existing $2.5 billion balance sheet. The combined organization now holds approximately $2.3 billion in deposits and $1.8 billion in loans.

For Texans Credit Union’s CEO David Frazier, the transaction represents a good step forward, but he’s eager for more growth. “Credit unions, banks, all financial institutions need to continue to grow to efficiently provide services,” Frazier said. “At $2.6 billion combined, we’re still small in the grand scheme of things. So, we still need to grow.”

Las Colinas FCU began exploring merger options roughly a year and a half ago as part of a long-term strategic review, according to Kevin Scott, former Las Colinas FCU CEO. Scott now joins Texans CU as the senior vice president of business process and product.

“The board started with one question: What’s best for the membership over the long run?” he said. “We realized that the scale of a larger credit union could meet the needs of a member better than Las Colinas FCU could on its own.”

The merger comes amid continued consolidation across the credit union sector. Smaller institutions face increasing compliance costs, cybersecurity demands, and technology investment requirements—all pressures that result in community-based organizations having to consider M&A opportunities to maintain competitive services and lending capacity.

“It’s difficult for a smaller institution to deliver 24/7 services and invest in robust technology platforms with limited resources,” Frazier said. “That’s only going to become more challenging.”

Texans CU has seen steady growth in recent years. The credit union reported client growth of just over 7 percent last year, compared with a national credit union average of roughly 3 percent. “Our number one goal is to be a safe and sound financial institution,” Frazier said. “Growth has to be balanced.”

Looking ahead, Frazier indicated mergers and partnerships will remain part of Texans CU’s broader growth strategy, though not its primary driver. Organic expansion across Dallas-Fort Worth remains his priority. The credit union continues to evaluate additional branch locations as population growth and commercial development expand east and north of its Richardson headquarters.

“We believe there’s a significant opportunity in the Dallas market,” Frazier said. “The best way for us to serve members long term is to continue growing in a thoughtful, balanced way.”

Scott said joining a larger organization allows greater alignment between internal operations and evolving client expectations, particularly as consumers demand enhanced digital experiences alongside in-person service. “Members want seamless processes,” Scott said. “Team members want systems that allow them to serve effectively. Scale gives us the ability to align both.”

Over the next 60 to 90 days, Las Colinas FCU clients will transition to Texans CU’s products, policies, and digital banking platform. Existing branches will remain operational, and employees from both institutions are expected to continue in their roles during the integration.