INDIANAPOLIS– The $884-million Financial Center First Credit Union here and $51-million Indianapolis Post Office Credit Union have agreed to merge.
The agreement waits customary regulatory approvals and votes from both credit unions’ members, FCFCU said.
The continuing CU will be Financial Center, and Cameron Minges, Financial Center’s president and CEO, will lead the combined organization.
The merger will preserve IPOCU’s branch, located in the downtown Indianapolis Post Office facility, as well as all IPOCU’s staff, FCFCU said.
May 1 is the target date for completing the deal, and members will vote on the merger proposal late in the first quarter of 2025 FCFCU said.