Member News

TCU Financial Group and New Community Credit Union Merger Decision


March 30, 2021

TCU Financial Group (TCU) has completed the initial feasibility phase regarding merger discussions between the credit union and New Community Credit Union (NCCU). TCU's Board of Directors has passed a motion which states that TCU will discontinue merger discussions with NCCU at this time.

This decision was based solely on TCU’s current resource capacity constraints with existing operational and strategic initiatives it is undertaking at this time. The passing of this motion by the Board of Directors does not, however, rule out future discussions with NCCU. Re-commencing any sort of merger discussions will likely not occur until mid-2022 at the earliest.

Greg Peacock, CEO              Stephanie Mansfield, Board Chair

TCU Financial Group and New Community Credit Union

October 30, 2020

The Board of Directors of TCU Financial Group Credit Union (TCU) and New Community Credit Union (NCCU) are pleased to announce that they have entered into formal discussions regarding a potential merger between the two organizations.

TCU and NCCU have completed an initial review that indicates such a partnership would provide value for their respective members. Over the coming months, the credit unions will be developing a more detailed business case, for each board to review and approve. This will help them determine if they will recommend the proposed merger to their membership.

As part of the continuing due diligence, TCU and NCCU will encourage broad participation by engaging our employees and members prior to making any formal decision.

Following completion of the due diligence process and the completion of the business case, if both Board of Directors choose to recommend a merger, we will seek membership approval sometime in 2021. If approved by the membership the new credit union would be created in January 2022.

Greg Peacock
CEO, TCU Financial Group
Darren Doepker
GM, New Community Credit Union
Earl Warwick
Chair, TCU Financial Group
Morris Bodnar
Chair, New Community Credit Union

Rochdale and Arlington Locations Now Open

July 7, 2020

TCU Financial Group has been here to serve you right through the pandemic with online banking, MemberLine call support, and essential in-branch service. As part of our re-opening strategy, we are pleased to announce that we are re-opening our Arlington and Rochdale locations, with in-branch social distancing protocols to keep members and staff safe.

Starting Tuesday, July 7th, the Arlington branch will be open Tuesday to Friday from 9:30 am to 5:00 pm and the Rochdale branch will be open Monday to Friday from 9:30 am to 5:00 pm to manage all your banking needs. 

To ensure the safety of everyone we ask that you follow these guidelines while visiting.

  1. Maintain social distancing and keep 6 feet away from all other members and staff. 
  2. To ensure there is room for social distancing we will be limiting the number of members allowed in the branch at a time. 
  3. If possible, please only have one member of your family visit the branch at a time. 
  4. Please follow all signage in the branch that will direct you during your visit.
  5. We ask that members continue to use online or mobile banking to manage many of their banking needs. If you have a question about online banking, please contact MemberLine. 

Greg Peacock Named CEO of TCU Financial Group


June 19, 2020

The Board of Directors of TCU Financial Group is pleased to announce the appointment of Greg Peacock to the role of CEO.

Over the last ten months, Greg has fulfilled the position as Interim CEO. Under Greg’s leadership, the credit union not only came together to adapt operations in response to new conditions and guidelines brought about by the pandemic, but also collaboratively developed a new three-year strategic plan that will serve as a foundation for continued optimization and growth.

In a statement, Earl Warwick, TCU Financial Group Board Chairman, said “Greg’s 24 years of experience at TCU made him the ideal candidate to assume the CEO role. His recent experience as Interim CEO, in no small part exemplified by the good work the executive managers have been doing in the short term, made him the natural choice to lead the credit union in the next steps of its journey.”

Greg expressed his gratitude and vision for the future, “It’s a very exciting and transformative time at TCU Financial Group. Throughout the credit union, there’s a lot of energy and focus dedicated towards ensuring our path forward will move us closer to achieving our strategic goals. We have a strong team and I’m looking forward to our new strategic focus, continued growth and organizational evolution that we will enable over the coming months.”

Welcoming our 2020 Board of Directors

June 17, 2020

The TCU Financial Group Board of Directors election week was held May 29 - June 9, 2020. Congratulations to the successful candidates. Karen Bradley, Darcy McLean and Angela Prokop were declared elected at the Annual General Meeting on Wednesday, June 17, 2020. We also thank Brendan Bitz and Graham Mickleborough for their years of service.

Click to view the full board of directors.

 

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