The credit union that got its start as the member-owned financial cooperative for the U.S. Department of Labor has simplified its name from Department of Labor Federal Credit Union to Labor Credit Union, the organization announced Wednesday.
The $114 million, Washington, D.C.-based Labor CU also unveiled a new logo, which, along with its new name, is "focused on being more inclusive of everyone that serves and supports the labor movement," according to the announcement. Founded in 1935 to serve the DOL, the credit union said that while the federal government department will continue as its primary sponsor, its new name reflects the credit union's expanded service to other groups that work in or support the labor movement.
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