Enter Wall Street with StreetInsider Premium. Claim your one week free trial here.
LIVERMORE, Calif., Jan. 25, 2022 (GLOBE NEWSWIRE) — UNCLE Credit Union, which serves four counties in the eastern region of the San Francisco Bay Area and Central Valley, celebrates its 65th anniversary this year. A $636 million full-service financial institution, UNCLE has been a trusted provider and major contributor to the communities it serves since its inception in 1957. The multi-award-winning organization has been recognized by both its industry and its membership area for excellence in service, culture, leadership, philanthropy, financial strength and performance.
UNCLE Credit Union has its roots in the radiation laboratory at the University of California, Livermore, which would later become the research and development institute known as Lawrence Livermore National Laboratory. Four physicists employed by the lab pooled their funds to form Radiation Laboratory Livermore Credit Union – providing financial services to the entire lab community. As the cooperative grew in size and financial strength, it expanded its charter and expanded its offerings to include an evolving line of competitive products and services. In 1988 it was renamed UNCLE Credit Union, an abbreviated form of University of California Livermore Employees Credit Union.
Today, UNCLE Credit Union offers the benefits of credit union membership to anyone who lives, works, worships, or attends school in Alameda, Contra Costa, San Joaquin, or Stanislaus counties. The organization offers a wide range of financial solutions, including checking and savings accounts, consumer and auto loans, mortgage products, credit cards, business banking and a full range of banking services. investment and financial planning available through its wealth management division. Continued investment in infrastructure, technology and talent also contributes to an enhanced banking experience by emphasizing convenience, personalized service and financial education. In addition to five financial centers and a full range of online and mobile banking services, UNCLE offers its members access to more than 5,000 shared branches and nearly 30,000 ATMs through the CO-shared branch network. OP.
“This anniversary holds special significance for us as an organization dedicated to promoting the financial success of our members. It is symbolized by the blue sapphire – which represents loyalty, prosperity, trust and integrity,” said UNCLE Credit Union Chairman of the Board, Chung Bothwell, who for more than two decades , has been instrumental in the strategic direction of the organization. “As a co-op, our earnings are reinvested into the credit union to provide the products and personalized service that help our members achieve important life goals and create a more secure financial future. For six and a half decades, the trust and faith entrusted to us has enabled us to prosper and prosper for the benefit of all of our members.
UNCLE Credit Union President and CEO, Harold Roundtree, added: “We are honored to commemorate this milestone with a series of events and specials to be held throughout the year. in each of the communities we serve. The planned celebrations are a great opportunity to express our gratitude to our members and to help raise awareness of the many ways that joining a credit union can help individuals and families improve their financial lives.
The festivities will kick off with six weeks of giveaways and raffles leading up to the UNCLE Credit Union’s annual membership meeting in early spring. A video to be posted on the credit union’s website will present the story of the organization’s development. Members will also have the opportunity to earn extra points on credit card rewards and take advantage of time-limited rates on personal loans and certificates of deposit.
To coincide with International Credit Union Day, the staff and management team will focus on community engagement and social responsibility in October. Each year, all organizational levels of UNCLE work toward common goals in these areas: making regular donations to local nonprofits, organizing community events, and actively participating in charitable fundraising.
Throughout its history, UNCLE has played a vital role in important causes and essential services that contribute to the well-being of communities in its membership area. The Pleasanton Chamber of Commerce honored the credit union as the winner of the Business Philanthropy Award at its 57th Annual Community Service Awards held in October 2021.
Local organizations and efforts that UNCLE regularly supports include the American Cancer Society’s Relay For Life, Children’s Miracle Network Hospitals, Tri-Valley Haven, Livermore Valley Performing Arts Center, St. Joseph’s Medical Center , the Pleasanton Partnerships in Education Foundation and the Livermore Lab. Foundation. The credit union also leads impactful financial education initiatives, including financial literacy programs at local schools and free seminars and workshops offered by its wealth management division.
CONTACT: Jennifer [email protected]
Source: UNCLE credit union