FOM, Name Changes
SYLVANIA, Ohio-Toledo Area Community Credit Union has absorbed via merger the $150-million Empire Affiliates Credit Union. The Mansfield, Ohio-based EACU had operated 10 branches over five counties. The merger will expand TACCU to $350-million in assets, with 60,000 members. The former Empire Branches will operate as "Empire Affiliates, a division of TACCU." TACCU CEO Patrick McGrady will be CEO of the new credit union, while Barry Shaner will continue his role as president of TACCU, and Leo Phillips the current president of Empire Affiliates, will serve as a consultant until his retirement at the end of the year."
BIRMINGHAM, Ala.-The $53-million Sloss Federal Credit Union has changed its name to Secure First Credit Union after expanding its FOM with the move to a state charter. Founded in 191 to serve Sloss Industries and related steelworkers and miners, the credit union is now open to all residents of Jefferson and Tuscaloosa counties.
HOUSTON-The $130-million Houston Postal Credit Union has changed its name to Plus4 Credit Union. The new name reflects the CU's FOM and the Zip+4 postal code. "Plus4 Credit Union, is a name that honors our history and propels us forward," states Vladimir Stark, President and CEO of Plus4 Credit Union. "Keeping our credit union strong while delivering the best value to all our members requires growth and diversity. By changing our name to Plus4 Credit Union, we have an identity that is less limiting and more open to the community."
WYOMING, Mich.-Multi-Products Credit Union is changing its name to My Personal Credit Union after being approved by Michigan's Office of Financial & Insurance Services to expand its FOM to anyone who lives, works or worships in Kent, Ottawa, Muskegon and Allegan counties. The $75-million credit union serves 185 companies and has 14,000 members.
ROCKVILLE, Md.-Public Health Service FCU, which primarily serves employees from federal health and consumer agencies such as the FDA and the Centers for Disease Control and Prevention, is changing its name to FedDirect FCU. With the name change, the 6,700 FedDirect is also rolling out an ad campaign in the Washington-Baltimore corridor aimed at attracting new members.