Brethren Benefit Trust and Brethren Employees' Credit Union take another step toward new relationship.

The new relationship between Brethren Benefit Trust (BBT) and the Brethren Employees' Credit Union (BECU) is scheduled to take another step forward on Feb. 23, when BECU holds its Annual Members Meeting in Elgin, Ill.

Pending positive results at that meeting, BECU's name will become Church of the Brethren Credit Union, and any member of the Church of the Brethren in the United States will be eligible to be a member, along with employees of the church and its institutions. The board has received tentative approval from state and federal regulators to make those changes. BBT agreed this past fall to become third-party administrator (TPA) for the credit union beginning this spring, and it has authorized an investment of $250,000 of capital in the credit union.

Source: Newsline 1/16/2004
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