mergers and aquisitions
Fort Financial Credit Union and INOVA Federal Credit Union announced Thursday that they plan to merge, forming a stronger member-owned institution under the name INOVA Financial Credit Union.
According to a joint release, the merger is designed to “combine decades of financial expertise” and expand products, services and convenience, while keeping a strong focus on personalized member care.
“This is about two strong credit unions coming together to become even stronger,” Jeff Leichty, chairman of the board for Fort Financial, said. “Our members will benefit from more robust resources, new technologies, and a broader branch and ATM network, all while experiencing the same personal service and values they’ve come to trust.”
Steve Collins, president/CEO of Fort Financial, added that the partnership will allow his organization to build on the services members already receive.
The combined credit union will unite the boards of directors and leadership teams from both institutions. All existing branch locations will be retained. Dallas Bergl, CEO of INOVA Federal, will serve as CEO of the merged organization, while Collins will take the role of president.
The merger is expected to finalize in early 2026, pending regulatory approval and a membership vote.
Fort Financial, founded in 1946, serves more than 24,000 members with locations in Indiana and Mississippi. INOVA Federal, established in 1942, has six Indiana branches and serves over 47,000 members from more than 1,000 companies.
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