Regents: CU Use of University Name Could Pose Reputation Risk

The Des Moines Register is reporting that the Iowa Board of Regents is concerned that the University of Iowa Community Credit Union could pose a reputational risk to the University of Iowa.

A member of the Iowa Board of Regents stated that "a scandal at the credit union could wreak havoc" on the University of Iowa, as many Iowans are confused about the relationship between the credit union and the university.

The story notes that the credit union does not have a formal affiliation with the university.

In 2007, the credit union tried to change its name, but the name change was rejected by the credit union's membership.

Read the story.