Like already said, the settings.bundle saves its content to the NSUserDefaults.
You have to specify a key for the username field, let's say it's SEUsername.
In your app you can get it with this code:
Code:
[[NSUserDefaults standardDefaults] objectForKey:@"SEUsername"]
and modify it:
Code:
[[NSUserDefaults standardDefaults] setObject:myNewUsername forKey:@"SEUsername"]
edit:
And the .plist file where the user defaults are stored is located in the Preferences Directory of your app.