Shell New Orleans Federal Credit Union has changed its name to Xplore Federal Credit Union.
The New Orleans-based credit union said in a release, "This name change was not made lightly. After much debate, our management team and officials determined the name change to be the best way to reach out to all people eligible for membership in our community chartered federal credit union."
Shell New Orleans FCU has had a community charter since 2007, but the credit union said many believe that membership is exclusive to Shell Oil employees. "The new name pays tribute to our founders–the employees of Shell who continue to explore, discover, and contribute to make our community a great place to live and work.
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This name change better positions us for future growth and diversification by serving more people in our community who deserve a quality, member-owned financial institution," the credit union said.
The $107 million-asset Shell New Orleans FCU plans on offering remote-deposit capture, institution-to-institution transfers and an iPad app later this year.
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