CEDAR FALLS, Iowa–Forced by the state legislature to change its name, University of Northern Iowa Credit Union has unveiled its choice. The 64-year-old CU is changing its name to UNITE Credit Union, a play on the university’s abbreviation, UNI.
Like University of Iowa Credit Union, UNI CU had to change its name after a law was passed in 2018 by the Iowa legislature that bans credit unions from using the name of state universities in their names. That change was driven by pressure from bankers in the state.
As CUToday.info reported here, University of Iowa Credit Union is changing its name to GreenState Credit Union.
UNITE Credit Union said the new name was suggested by a member; members had been invited to submit suggestions for the new moniker.
The $21.7-million UNITE CU has approximately 1,950 members.