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
At Financial Center, nearly 70,000 members are in pursuit of healthier, more vibrant financial lives. Our Credit Union manages $860 million in assets for a diverse community of members in greater Indianapolis, Kokomo and Muncie, Indiana - and beyond. We’re known for providing inclusive banking services, free financial wellness resources, and the people and products to create momentum for whatever’s ahead. Our team of nearly 200 employees are expert coaches and mentors for members - helping them discover new possibilities and chase down their next financial milestones. Join us at fcfcu.com today.
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.
