RECU Changes Name, Not Acronym

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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.

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