Dear Valued Member,
Welcome to Scient Federal Credit Union! By now, you have been formally notified of the changes to our name, colors, and logo, but the real story is where we came from and where we are going as Scient Federal Credit Union.
Your credit union opened its doors over 44 years ago as Pfizer Employees Credit Union, serving exclusively Pfizer colleagues. The Ledge Light Federal Credit Union name was then established in 1993 to identify us as a local financial institution with a solid foundation as we continued to serve employer groups and their employees. With the iconic lighthouse in the background and the reference to it in the name and logo, we firmly anchored ourselves in the Connecticut area even though we had members both domestically and internationally.
Today, we have expanded our presence from coast to coast with over 28,000 surcharge-free ATMs, over 4,500 shared branching locations, and ties in California, Massachusetts, New York, and of course, Connecticut. As we have continued to expand, it became evident that people outside of the Connecticut area did not relate to our name, and it was often a source of confusion. We realized that in order to effectively serve members across the country, we had to make our name and brand relatable to members and employers in all locations.
With this in mind, over two years ago your credit union began the process of rebranding. The Ledge Light name was tested across the nation through a number of focus groups, and the results confirmed it was not resonating with those outside of Connecticut. It no longer reflected who we serve or who we had become as a member-owned credit union.
After testing the Ledge Light name, analyzing results, coming up with a plan, and analyzing various options for a new name, the Board of Directors voted unanimously to rebrand ourselves as Scient Federal Credit Union. The positive response Scient received in market research testing around the country has been great, and it truly captures our rich heritage as a life science focused organization, while establishing a firm basis for accelerated growth.
I want to assure you that even though we have a new name, we are still the same credit union, with the same people, the same services, and the same federally insured guarantee. Our goal is to be with you at every phase of your financial needs with better savings rates, lower loan rates, lower credit card rates, higher credit limits, and more. Scient Federal Credit Union is owned by each person that holds an account with us and run by banking professionals that can help guide you to greater financial success through a wide range of better banking products and services.
Thank you for making us who we are, and for joining us in the next phase of our growth. You are our priority!
Bruce J. Fafard
President & CEO