California Approves U.S. First Credit Union's New Community Charter.SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif. -- State regulators with the Department of Financial Institutions approved the conversion of U.S. First Credit Union from a federal to a state community charter. With the new charter, the 68-year-old credit union will open its doors to persons who live, work, or worship in the counties of San Mateo, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , and Marin while continuing to serve more than 200 existing Select Employer Groups throughout the country. "This expansion was implemented to allow more people access to the many benefits of credit union membership such as ownership, higher dividend rates, and lower loan rates," says Shannon Riley, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , U.S. First Credit Union. U.S. First Credit Union is a full service financial institution owned by its members. It is headquartered in San Mateo, California San Mateo is a city in San Mateo County, California, in the San Francisco Bay Area. It is one of the larger suburbs on the San Francisco Peninsula, located between Burlingame to the north, Foster City to the East, and Belmont to the south. , with more than $120 million in assets. Apart from its two direct branches in San Mateo and San Rafael San Rafael (săn rəfĕl`), residential city (1990 pop. 48,404), seat of Marin co., W Calif., a suburb of San Francisco on the northern shore of San Francisco Bay; inc. 1913. , U.S. First also delivers its comprehensive services through more than 1,800 shared branches, over 25,000 Co-op ATMs nationwide, its 24/7 call center, and 24/7 online banking www.usfirstfcu.org. For further questions or to set up interviews with Shannon Riley, pls. call: Jane Escobal Vice President of Marketing U.S. First Credit Union 800-488-3300 x 104 -- toll free 650-372-3921 -- fax jescobal@usfirstfcu.org |
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