Members Approve CU-To-BankSwitch
PLANO, Texas - (08/02/04) -- Members of Share Plus CU, the creditunion founded to serve Frito Lays employees, voted overwhelminglylast week to convert to a mutual savings bank, the 30th creditunion to make the switch. The ballot, approved by 80% of votingmembers, must still be certified by NCUA. Share Plus CU waschartered in 1958 as Frito Employees CU and has expanded to servePepsiCo and all of the other companies under the same owner,including KFC, Pizza Hut and Taco Bell Corp. The $175 millioninstitution plans to begin business as Share Plus Federal SavingsBank on Oct. 1.