Six Years Later, CU-Convert Admits It: It’s A Bank

WAYCROSS, Ga. – Credit unions converting to savings bank are loath to use the four-letter word, but now six years after switching charters one ex-credit union is finally ready to say the word. Atlantic Coast Federal Corp., which was Atlantic Coast FCU until 2000, announced Tuesday it is changing its name to Atlantic Coast Bank. The former credit union said it will take about six months to change the signs and the logo on the checks, cards and statements. Atlantic Coast FCU was chartered in 1939 to serve workers of what became the CSX Railroad, then converted to a mutual savings bank in 2000.