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Several credit unions facing trademark lawsuits. Several credit unions facing trademark lawsuits. (Source: Shutterstock)

Burbank, Calif.-based Gain Federal Credit Union is suing a nearby consumer lending company whose name and logo, it alleged, are too similar to the credit union’s and are causing confusion among consumers.

In its complaint filed in U.S. District Court, the credit union, which has $352 million in assets and about 21,000 members, said that Gain Credit Holdings, which operates in La Jolla, Calif., used its name and logo to purposely make people think it was Gain Federal Credit Union or that its services were tied to Gain Federal Credit Union. The credit union asked the U.S. District Court to hand over the company’s URL, as well as award punitive damages and other compensation.

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Tina Orem


Credit Union Times

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