RECU Changes Name, Not Acronym

Register now

The $37-million Rich's Employees Credit Union is changing its name to Retail Employees Credit Union, effective Jan. 1. The 66-year-old credit union said it is changing the name because Federated Department Stores is dropping the Rich's name in favor of Macy's. "It is a name that captures our unique position in the retail marketplace and positions us for future membership growth," said President Jeanne Kucey.

For reprint and licensing requests for this article, click here.