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NJPCU Now Called First Jersey

HAWTHORNE, N.J.-The New Jersey Postal Credit Union has announced its new name, First Jersey Credit Union, effective June 1. Originally chartered in 1929 to serve employees of the U.S. Postal Service and their families in Bergen and Passaic Counties, First Jersey CU now serves USPS employees and their families in Essex, Hudson, Warren, Union, Ocean, Morris, Somerset, Hunterdon, Middlesex and Sussex counties, as well.

The new name took effect on June 1, 2003. The name change follows the CU's decision to expand is field of membership beyond U.S. Postal Service Employees, according to the $95-million, 8,900-member credit union.

New Horizon CU Updates Brand

Manassas, Va.-New Horizon Credit Union has updated its brand and logo. The board approved the new logo along with an external and internal brand strategy last month. NHCU said it has had a community charter for several years but is now making a bigger push into the community. The CU is working with consultant Paul Lucas.

NAFCU Launches Emeritus Program

WASHINGTON-NAFCU has launched the "Emeritus Program" to help keep retired CU staff and volunteers connected to the CU community.

"NAFCU is an association of credit unions and not individuals, so once a CEO or volunteer retirees, we lose that formal relationship with that person," said Bill Cheney, chair of the association's Membership Committee and president/CEO of Xerox FCU. "The Emeritus Program allows these talented individuals to maintain access to NAFCU publications and online information while exploring any number of avenues to provide feedback on important issues."

For an annual fee of $50, the NAFCU Emeritus Program includes: a subscription to "The Federal Credit Union," a subscription to the weekly "UPDATE" newsletter, access to member-only sections of the NAFCU website, a discussion area on the website for retired CU professionals and volunteers, consultant/mentor database for retirees who want to share their experience and remain active in the CU community and NAFCU member discount registration fee for any NAFCU conference.

"I have seen estimates that within the next five years, 25 to 30 percent of current credit union CEOs will be retiring," noted Cheney. "We strongly believe that retirees from the credit union, whether staff or volunteers, are a resource we cannot afford to lose."

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