CAMBRIDGE, Mass.–Harvard University Employees Credit Union has announced a charter conversion and a (slight) name change.
The $1.2-billion HUECU announced that it will be converting from a state charter to a federal charter after the change was approved by NCUA and a vote of its members. As a result, the credit union’s new name will be Harvard Federal Credit Union (Harvard FCU).
“I am delighted to confirm that our members have resoundingly voted to move the Credit Union into our next chapter,” President and CEO Craig Leonard said in a statement. “With this directive, we are looking forward to our next phase of growth, driven by enhanced service offerings and the greater strategic flexibility we will have under a federal charter. The new name also better reflects who we serve, which has grown beyond just the employees of Harvard, to include students, alumni, and the employees of affiliated teaching hospitals, among other eligible groups.”
New Logo Coming
The credit union said it will unveil a new logo and begin operating under its new name on June 3.
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