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The $1.6 billion San Mateo Credit Union (SMCU) in Redwood City, Calif., has announced it’s in the process of changing its name to Monterra Credit Union; an effort credit union officials said they hope will help reduce any confusion about membership eligibility.

While SMCU has served the area just south of San Francisco since 1952, according to the credit union the name “may have unintentionally led to confusion about who can join.” Late last week, SMCU announced the name change to Monterra Credit Union as a way to connect the name of an iconic beach near Half Moon Bay, just a few miles from Redwood City, and the name of the mountain that’s one of the highest points in the county.

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Michael Ogden

Editor-in-Chief for CU Times. To connect, email at [email protected].

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