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
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
1 Day ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
13 hours ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
15 hours ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
15 hours ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
16 hours ago