Finance Center Wins FOM Expansion
The $419 million, 44,000-member Finance Center Federal Credit Union has won NCUA approval for a community charter expansion it said would allow it to serve an area of nearly 1.8 million people in greater Indianapolis.
“This is an historic day for Finance Center Federal Credit Union,” President/CEO Kevin Ryan said after the expansion was approved Thursday at the NCUA Board meeting at its headquarters in Arlington, Va.
Finance Center is now able to serve people who live, work, worship, regularly conduct business or attend school in Indiana’s Indianapolis-Carmel Metropolitan Statistical Area.
That includes Boone, Brown, Hamilton, Hancock, Hendricks, Johnson, Marion, Morgan, Putnam and Shelby counties, home to nearly 1.8 million people, the credit union said. The expansion doubles its field of membership.
“Last year we saved current members over $3.6 million and we look forward to bringing those benefits to more Hoosier families and businesses,” Ryan said.
Financial Center was founded in 1953 and currently has seven locations in Marion County, three student centers and 120 employees.