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Texarkana, TX. (October 2, 2017) –Red River Credit Union of Texarkana, Tx. has purchased and assumed operation of Shreveport Federal Credit Union, Shreveport, La, effective today.

The new branches of Red River Credit Union should see no interruption in services and member deposits remain protected by National Credit Union Share Insurance Fund.

At the time of the Purchase and Assumption, Shreveport Federal Credit Union was a federally insured, credit union with approximately 22,000 members and assets of 88 million. Shreveport Federal Credit Union consisted of 8 branch locations, three in the Shreveport, Bossier area, one in Grambling, La, Bastrop, La, and three in Mississippi. The Mississippi Locations are in Marks, Clarksdale, and Batesville.

The NCUA placed Shreveport Federal Credit Union under conservatorship in April of 2017 to address issues affecting the credit unions safety and soundness and determined it was best to allow another institution to purchase and assume the operation at this time.

Red River Credit Union was chartered in 1942 and has 22 branch locations across North East Texas and Southwest Arkansas. “Red River Credit Union welcomes the employees and members of Shreveport Federal Credit Union. We have a long history in the Texarkana area and we are happy to be able to help the members and the new communities we are going to be serving with this addition,” stated Robert Buck CEO of Red River Federal Credit Union. “This change for both credit unions provides an opportunity to take a significant step forward in our future growth and long-term success to benefit all of our members” continued Buck.

Red River Credit Union is growing to serve more communities and increase it’s positive impact throughout the region. With the combined resources of both institutions we are ideally positioned to enhance the overall membership experience.

External Link Disclosure

By accessing this link, you will be leaving the Red River Credit Union's web site and entering a web site hosted by another party. Although Red River Credit Union has approved this as a reliable partner site, please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of Red River Credit Union's web site. The other party is solely responsible for the content of its web site. We encourage you to read and evaluate the privacy and security policies on the site you are entering, which may be different than those of Red River Credit Union.

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External Link Disclosure

This link is for former Shreveport Federal Credit Union members only. If you clicked on this link in error click CANCEL to return to the Red River Credit Union website.

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