MemberSource Credit Union & Transtar Federal Credit Union Announce Intent to Merge
Subject to Regulatory Approval
CLAWSON, MI – April 1, 2025 – McQueen Financial Advisors provided exclusive financial advisory services.
In a special meeting on March 10th, members of Transtar FCU approved a merger with MemberSource Credit Union. The Board of Directors concluded that the merger is desireable and in the best interest of members.
Hours of operation for the 290 office will change effective April 1st. The new hours for the branch and drive thru will be Monday - Friday, 9am to 5pm and Saturday, 9am to 1pm. You will also see changes to the website content to reflect MemberSource CU’s loan and deposit rates as well as other pertinent information on available products and services. All member communication will begin to transition to reflect MSCU’s logo and advertising.
About MemberSource Credit Union
MemberSource Credit Union (MSCU) is a Houston, Texas-based, not-for-profit financial cooperative founded in 1958, offering loans, checking, savings, and digital banking services to members. They provide tailored products including Visa cards, youth accounts, and MemberSource CU's Mortgage Services
About Transtar Federal Credit Union
Transtar Federal Credit Union, founded in 1951 and based in Houston, Texas, is a 4,400-member, $35 million institution, it provided diverse banking, including checking, savings, and loans, and had adopted digital tools like the FLEX hosted system.
About McQueen Financial Advisors
McQueen Financial is a nationwide financial advisory firm serving financial institutions since 1999. McQueen advises on ~25% of all Credit Union / Credit Union Mergers nationwide, annually.
Transaction Leads
Dan Martin
Director of Transaction Advisory & Valuation
Noah Erxleben, CVA
Associate