INDIANAPOLIS — It may be routine elsewhere, but Indiana credit unions are on a branching roll this month with three medium-sized CUs announcing the opening of their first off-site branches.
"It has been a long time coming but we're pretty excited about a name change in July, groundbreaking for our new Greenwood branch and a data conversion this December and so you might say we're having fun," declared Tim Sallee, vice president/marketing director at the $70 million Horizon One Federal Credit Union, formerly Drover Street Federal Credit Union.
This will be the fourth name change for Horizon since the 1950′s when the Indianapolis CU, a unionized shop and part of the General Motors CU family, was previously known as Chevrolet Credit Union.
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In Marion, the $47 million Afena Federal Credit Union said it will be holding a Sept. 12 ground breaking for its first off-site branch in a planned shopping complex on the south edge of the city. The branch for Afena is slated to open next April with the CU having changed its name last year from Marion Independent Federal Credit Union.
And the $37 million NorthPark Community Credit Union of Indianapolis broke ground in June for its first branch to be open in Lebanon in November
NorthPark said it is the only CU "located in Boone County since the mid-1970s and choosing to locate an office in Lebanon will place NPCCU in the county's center of economic energy."
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