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News Now

CU System
Marcellus Shale companies offered benefits for CUs
WYOMISSING, Pa. (1/31/13)--Energy companies participating in an upcoming Marcellus Shade Southpointe Tradeshow show in Washington County, Pa., will get the opportunity to provide the benefit of financial services for their workers and families through a credit union.

Utilities Employees CU, a $1.03 billion asset, nationwide virtual credit union based in Reading, Pa., is participating in the show, which caters to energy companies developing the Marcellus Shale region, one of the world's largest gas fields.

UECU says its representatives will share information about free financial solutions for energy workers with other tradeshow attendees representing energy and related-industry companies working in the state.

"Our credit union has served the energy industry since 1934, with the dual mission of improving the financial well-being of employees and their families, and boosting worker productivity for energy employers," said Jane Kennedy, business development manager for UECU. "It's a win-win, and the best part is we offer this service at no cost to the companies."

Because many professionals in the energy and utility services sector often are dispersed at rural locations often far away from their hometowns, a virtual credit union is a logical strategy for serving their financial needs, said the credit union.

The Marcellus Shale region stretches 95,000 square miles--from West Virginia through upper New York-- and is expected to generate 212,000 jobs, many of whom could be potential credit union members. A "fairway" of the fields covers 40,000 to 50,000 square miles through Pennsylvania (News Now Aug. 18, 2011).


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