Notre Dame FCU Buys Mission Management in Tucson
Notre Dame Federal Credit Union has acquired Mission Management & Trust Co. in Arizona. While financial terms of the deal were not disclosed, Notre Dame FCU President Tom Gryp says the acquisition will allow the credit union to offer more services to more community members.
Mission is an independent trust company that specializes in trust and estate services, asset management and securities custody.
“For far too long, trust and estate services were only tailored to meet the needs of high to ultra-high net worth clients,” said Gryp. “Through this acquisition, we will be able to scale trust and estate services to meet the needs of a much broader, and often overlooked, group of individuals and families nationwide.”
Carmen Bermúdez, chairman and chief executive officer of Mission, says the company has received acquisition offers for more than 25 years, but none showed how the combination would benefit its clients.
“We were immediately attracted, however, to Notre Dame Federal Credit Union,” said Bermúdez. “Their eight-decade history of excellent financial service plus a profound commitment to promoting community wellbeing blended perfectly with Mission’s financial and social objectives. We look forward to providing even stronger, more extensive services to Mission clients in the years ahead.”
Notre Dame FCU says McQueen Financial Advisors in Michigan provided insight and advice on the transaction.