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K.C. Police CU forms Code 1 CU subsidiary
KANSAS CITY, Mo. (4/19/10)--K.C. Police CU Thursday launched a subsidiary, Code 1 CU, aiming its outreach at a specific select employee group (SEG)--public safety employees in the Kansas City metropolitan area and throughout the state of Missouri. Code 1 CU, "will allow us to strengthen and grow the credit union by allowing us to more effectively reach out to other public safety agencies in our existing field of membership," the credit union said in a member announcement on its website. The credit union's field of membership includes police officers, firefighters and public safety employees in Missouri and in three Kansas counties within the Kansas City metropolitan area. The new subsidiary would allow it to grow beyond its historic boundaries in the police department (Kansas City Business Journal April 14). Code 1 CU installed an ATM at the Independence Police Department headquarters and will seek other ATM or branch locations. K.C. Police CU was founded in 1934 as K.C. Policemen's CU. Today, it has about $95 million and about 8,000 members.


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