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

WAYCROSS, Ga. - (07/19/06) – Credit unions converting tosavings bank are loath to use the four-letter word, but now sixyears after switching charters one ex-credit union is finally readyto say the word. Atlantic Coast Federal Corp., which was AtlanticCoast FCU until 2000, announced Tuesday it is changing its name toAtlantic Coast Bank. The former credit union said it will takeabout six months to change the signs and the logo on the checks,cards and statements. Atlantic Coast FCU was chartered in 1939 toserve workers of what became the CSX Railroad, then converted to amutual savings bank in 2000.