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Merger Announcement

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McNeese Federal Credit Union members approve merger with Calcasieu Teachers & Employees Credit Union

LAKE CHARLES, LA (October 7, 2021) – McNeese Federal Credit Union members have approved a merger with Calcasieu Teachers & Employees CU (CTECU) . This announcement follows a vote that was held on October 5, 2021 during a Special Meeting of Members. The financial merger, which has been approved by the National Credit Union Administration and the State of Louisiana Office of Financial Institutions, will be effective April 1, 2022. This merger demonstrates a shared commitment on the part of both credit unions’ Boards and management to grow stronger and remain highly competitive in today’s financial marketplace.

McNeese FCU was chartered in 1958 to serve the needs of the employees of the McNeese State University. Over the years, they have expanded their membership and currently serve several Associations with the University as well.

Ron Cobb, President and Chief Executive Officer of McNeese, is looking forward to what the future holds. “After meeting with CTECU, it became clear that they too shared our same core values and that they would be able to offer our members many new technology-driven products and services.”

“CTECU is honored to join together with McNeese FCU and with Ron and his team in order to bring their members access to more services and locations,” commented Jesse Busby, CEO of Calcasieu Teachers & Employees CU. “We look forward to bringing the two teams together with our shared core values of Loving People, Pursuing Excellence, and Choosing Joy. We are excited about Improving Lives of the McNeese FCU membership and helping them Fulfill Dreams!”

Johnie Mouton, Chairman of the Calcasieu Teachers & Employees CU Board of Directors;
Jesse Busby, President/CEO of Calcasieu Teachers & Employees CU;
Dr. Larry DeRouen, Chairman of the McNeese FCU Board of Directors;
Ron Cobb, President/CEO of McNeese FCU

About Calcasieu Teachers & Employees Credit Union

Calcasieu Teachers & Employees Credit Union (CTECU) is a $47 million credit union that serves more than 4,000 members in Calcasieu Parish, Louisiana. Operating as a not-for-profit financial cooperative, CTECU’s mission is to build lifelong relationships, one member at a time providing financial services to anyone who lives, works, or worships in Calcasieu Parish, LA. For more information about our products and services, visit www.calteacherscu.com.