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Financial Center First Credit Union and Ball State Federal Credit Union announce intent to merge

INDIANAPOLIS, IN (March 20, 2020) — Financial Center First Credit Union and Ball State Federal Credit Union announced to staffs on Tuesday the intent to merge. If approved, the merger will be an historic one, serving as the largest credit union-to-credit union merger in Indiana’s history, with joint assets nearing $700 million, and with each organization continuing to do business under its long-established brand. The organization’s headquarters will be in Indianapolis.

“This partnership is a natural fit,” said J. Kevin Ryan, Financial Center First’s President/CEO. “The financial literacy expertise that our new organization will deliver to Ball State FCU’s membership and the Muncie community coupled with a 30-year relationship with Ball State Federal Credit Union’s CEO, Randy Glassburn, made it an easy decision for both of our organizations. Financial Center looks forward to delivering its financial literacy approach towards growing membership in combination with Ball State FCU’s well-established brand.”

“We are very excited to be able to bring more financial education, improved technology, greater community support, enhanced member benefit opportunities, and expanded multi-county branch access as a result of Financial Center’s partnership,” said Randy Glassburn, Ball State Federal Credit Union’s CEO.

Following a membership vote of Ball State FCU members the two credit unions plan to merge later in 2020.


About Financial Center First Credit Union

Financial Center First Credit Union is a $801 million credit union whose mission is to improve the financial lives of its members who live or work in Indianapolis, Kokomo, Muncie, and their surrounding counties. Over 80,000 members at Financial Center and its Muncie-based division, Ball State Financial, take advantage of competitive rates and low fees by banking with the Central Indiana-based credit union. Financial Center is proud to empower the community by supporting military veterans, feeding the hungry, and bringing award-winning free financial education to all. Learn more at www.fcfcu.com.

About Ball State Federal Credit Union

Ball State Federal Credit Union is a mid-sized credit union primarily serving the Ball State University community and many others through its operation in Delaware County, Indiana.  Offering a full suite of financial services, BSFCU has always embraced its members’ affiliation with Ball State University, its not-for-profit status, and its reputation for providing members service that consistently exceeds expectations.  Find out more at bsfcu.com.

Contacts

Dusty Simmons
Vice President of Membership Development
317.916.6113 | dsimmons@fcfcu.com

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