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First CU in East L.A. celebrates historic opening
MONTEREY PARK, Calif. (5/22/08)--The historic opening of the first credit union branch in East Los Angeles was celebrated Friday, May 16, by E1 Financial CU with a grand opening ceremony.
From left: Monterey Park (Calif.) Mayor and E1 Financial CU Board Member Sharon Martinez,; Benjamin Cardenas, district director for U.S. Rep. Grace Napolitano; State Senate Majority Leader Gloria Romero; E1 President/CEO Lynn Bowers; Assembly Member Ed Hernandez; E1 Board Chair Luchus Mack; Mukai Maravilla Property Development President Ron Mukai (property owner); E1 Community Relations Liaison Dennis Gutierrez; and E1 East L.A. Branch Manager Willie Polanco. (Photo provided by E1 Financial CU)
Community, civic and industry leaders were on hand to congratulate E1's entrance into unincorporated Los Angeles, which has not seen a financial institution open in more than 20 years. The branch opening comes at a time of increasing redevelopment and financial opportunities for the area, said the credit union in a press release. During the ceremony, State Senate Majority Leader Gloria Romero officially opened her membership with E1. "I now know what E1 stands for," she said. "It stands for East L.A.'s first credit union." The branch is located underneath Romero's district office. As part of the ceremony, the California Credit Union League presented certificates of appreciation to Romero and L.A. County Supervisor Gloria Molina for their dedication to redevelopment in the community and their support of credit unions.


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