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Rich's Employees CU is now Retail Employees CU
 ffective January 1, 2005, Rich's Employees Credit
Union will be operating
under its new name - Retail
Employees Credit Union. The 66-year-old credit union name
change follows the announcement by
Federated Department Stores outlining
plans to drop the Rich's name and convert
all of its regional department stores
to the Macy's nameplate.
"The Rich's name has served our credit
union well over the past 66 years but
we felt that the time was right for a
change in our name that allowed us to
continue serving our membership well
into the future.", said Board Chairman
James Adams. "We want to assure our
members that only the credit union
name and logo will change. The
personalized service, great value and
commitment to the membership will
remain the same."
 "The Retail Employees Credit Union
identity evolved from months of
research and strategizing by
management and board,'' said President
Jeanne Kucey. "It is a name that
captures our unique position in the
retail marketplace and positions us for
future membership growth. This name
change differs from other financial
institution name changes in the sense
that it is not the result of any merger,
buyout, reorganization or restructuring.
It is simply a locally owned
organization choosing to change its
name to better represent itself to those
it serves."
A small group of individuals met to
organize Retail Employees Credit
Union, formerly Rich's Employees
Credit Union, in 1938 because they
believed they could provide financial
products and services for themselves
better than relying on others to do it
for them. Today, nearly 7,800 members
recognize the credit union as a leading
provider of financial services. In the
coming year, our continued focus on
providing competitive products and
services will help members lay the
foundation for a secure financial future.
Planning on Retiring?
Take Advantage of Low Rates While You Can
 he Federal Reserve has
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this year, and believes that they're still too low. Future rate increases are
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accordingly, but not your credit union. If you are in the market to
borrow money for any reason like
buying a car, ome improvements, or
debt consolidation, call or stop by before it's too late.
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