Indianapolis, IN (January 27, 2025) |
Financial Center First Credit Union and Indianapolis Post Office Credit Union are pleased to share their intention to merge, bringing together two long-standing Indianapolis based credit unions.
The formal merger agreement has been executed, pending approval from regulators and both credit unions’ members. The unified entity will retain the Financial Center name, projecting combined assets of approximately $935 million post-merger. Cameron Minges, Financial Center’s President and CEO, will lead the combined organization. The merger aims to preserve IPOCU’s branch, located in the downtown Indianapolis Post Office facility, and roles for all team members, emphasizing increased agility and the ability to introduce innovative products.
The partnership, subject to approval from the National Credit Union Administration (NCUA) and the Indiana Department of Financial Institutions (DFI), targets a legal merger date of May 1, 2025. Members will vote on the merger proposal late in the first quarter of 2025.
The merger is expected to enhance services, rewards, and community support for the unified credit union and its members.