LAKE JACKSON, Texas (1/10/12)--TDECU Insurance Agency LLC, Lake Jackson, Texas, has acquired Houston-based Associated Insurance Agency Inc.
TDECU Insurance is well-positioned to continue to grow market share in southeast Texas with TDECU's recent acquisition of two Houston-based credit unions, the company said. The insurance agency is a wholly owned subsidiary of TDECU.
TDECU completed mergers with $60 million San Jacinto Area CU and $80 Bluebonnet CU in late 2011.
Associated Insurance Agency is an independent insurance agency that has served the Houston business community for 17 years.
"The acquisition of Associated Insurance Agency is an ideal fit for our growth strategy," remarked Timothy Belton, TDECU Insurance CEO.
Associated Insurance Agency currently represents more than 15 nationally recognized carriers.