Community CU Settles On Name: ViewPointBank

PLANO, Texas - (11/23/05) Effective Jan. 1, Community CreditUnion will change its name to ViewPoint Bank. In a move that waschallenged by a group of members and by regulators, before beingoverturned in a member vote and in the courts, respectively, thecredit union has opted to convert to a mutual savings bank charter.“A credit union can only generate a certain amount ofcapital, so we were faced with a choice: stop expansion of ourproducts and services and stay a credit union or change our charterand forge ahead. We chose the second option!” CCU said on itswebsite. “Rest assured, we’ll still have the heart of acredit union. Only now we can do more, go further and get you whereyou want to go.”