Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
General Electric Asks CU To Remove GE From Name
ERIE, Pa. (4/17/13)--Erie General Electric FCU in Erie, Pa., is removing "General Electric" from its name through a request from GE that resulted in a mutual agreement.

A group of GE employees formed the credit union in 1936 because they wanted to pool their savings and gain access to loans (The Associated Press April 16).

However, the credit union never was affiliated with GE. That is why the company--whose GE Transportation locomotive business is a large Erie-area employer--wants the name removed, reported The Erie Times-News (April 16).

The $256 million asset credit union has worked for the past 18 months to prepare for the name change that will be announced Friday at its annual meeting.

Credit union officials said the name change will help correct the misperception that only GE employees can join the credit union, according to AP.

The credit union plans to make the new name effective May 1.


RSS





print
News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
1 day ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
1 day ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
1 day ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
1 day ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
1 day ago