Sunflower Electric Power Corp. is the latest firm to joinUtilities Employees Credit Union, a virtual cooperative with morethan $1 billion in assets.
|The Wyomissing, Pa.-based UECU said it will offer financialproducts and services to Sunflower's 400 employees who serve atpower stations and transmission facilities throughout the region.The utility company is based in Hays, Kan.
|Formed in 1957, Sunflower provides long-term power supply andtransmission services to member-owners, particularly in ruralcommunities, UECU said.
|The utility company said its partnership with the credit unionwas a logical strategy to remotely deliver financial benefits toits team of workers and their families.
|“Like Sunflower, UECU is a cooperative – formed to passcollective financial gains and benefits onto our member-owners. Ourmission is to improve the financial well-being of our partnercompanies' workers with financial education and services that areboth rewarding and convenient,” said Jane Kennedy, businessdevelopment manager for UECU.
|In 2012, UECU expanded its reach to include the 740 employees ofthe Alliance of Indiana Rural Water in Franklin, Ind., and the 700employees of Groundwater and Environmental Services Inc., in Neptune, N.J.
|The credit union, which serves more than 44,000 members, saidits virtual model helped it reach $1 billion in assets last year. UECU said it has operated withouta branch since its founding in 1934.
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