Credit Unions

Indiana man pleads guilty in fake credit union case

June 25, 2014
 Associated Press and IBJ Staff
An Indianapolis man has pleaded guilty to a Ponzi scheme that defrauded thousands of investors of millions of dollars through a fake online credit union.
More

Credit unions back to normal following unusual 2012 highRestricted Content

May 17, 2014
Chris O'Malley
Net income growth among nine big credit unions serving the metro area moderated in 2013 after record earnings for the industry locally and largely across the nation in 2012.
More

ITT student-loan bet stings Lilly's credit union

April 26, 2014
Chris O'Malley
A default-prone portfolio of loans to ITT Educational Services students has come back to haunt Eli Lilly Federal Credit Union, a full-service but otherwise conservative institution.
More

Feds sue Indianapolis man over fictional credit union

April 14, 2014
Chris O'Malley
An arrest warrant has been issued for Tim Coughlin, who has been accused of running a Ponzi scheme that collected $12.8 million from investors. In 2008, he proposed creating a 20-story balloon ride at White River State Park.
More

Banks see resurgence of home equity loansRestricted Content

March 29, 2014
Chris O'Malley
Although mortgage-refinancing applications are down, the product reviled and thought extinct after the 2008 housing crash that decimated property values may save the day for lenders: the home equity loan/line of credit.
More

Banks gathering all their clients' eggs into one basketRestricted Content

March 1, 2014
Chris O'Malley
Banks and credit unions facing more competition from online lenders—and now even from big-box stores offering financial products—are working harder to get a bigger piece of a customer’s wallet over the long haul.
More

Final piece of city land-swap deal almost done

December 6, 2013
Scott Olson
Indianapolis Fire Department Credit Union officials are set to sign off on a deal with the city to build a facility downtown near College Avenue. That would clear the way for a $43 million project on the credit union's current Mass Ave site.
More

Indiana Members adds small credit union to its fold

August 15, 2013
 IBJ Staff
Indiana Members, which has 24 branches and $1.3 billion in assets, will grow by one branch and $17 million in assets.
More

Estate of Financial Center's former CEO seeks death benefit

June 14, 2013
Chris O'Malley
The widow of former Financial Center CEO Roger Youngs alleges in a lawsuit that the Indianapolis credit union owes his estate $936,162, per his retirement agreement.
More

Indiana credit unions are booming again

May 11, 2013
Norm Heikens, Chris O'Malley
Credit unions last year posted record earnings, thanks largely to lower loan-loss reserves, as well as to growing memberships, growing debit cards, selling off mortgages and stealing business loans away from banks, their arch rivals.
More

Two of city's largest credit unions set to merge

March 22, 2013
Chris O'Malley
Horizon One Federal Credit Union, founded in 1949 to serve General Motors metal-stamping plant employees in Indianapolis, is merging with Financial Center Credit Union.
More

Forum Credit Union names new chief executive

December 1, 2011
The Fishers-based financial institution is turning to company veteran Doug True to help Forum rebound from a $2.8 million loss in 2010.
More

Credit unions gun for more traditional bank business

May 21, 2011
Francesca Jarosz
A push by credit unions for more leeway with small-business lending is fueling an old fight with their banking rivals.
More

Teachers Credit Union chooses new leader

November 10, 2010
Senior vice president Paul A. Marsh will take over for Richard J. Rice, who has been president of the credit union since 1987.
More

Bank On Indy initiative nearing first-year goal

August 19, 2010
Program that aims to reach local population without bank accounts so far has helped more than 7,500 people open an account.
More

Clarian Federal Credit Union acquires Community Choice

December 2, 2009
 IBJ Staff
The combined firm will have more than 8,700 members and more than $20 million in assets.
More

Indiana Members Credit Union signs Pacers sponsorship pact

October 17, 2009
 IBJ Staff
The agreement includes player appearances, a Pacers debit card, courtside signage, radio spots, hospitality and use of the Conseco Fieldhouse practice court for community relations initiatives.
More

Credit unions to pay hefty tab for bailoutsRestricted Content

August 10, 2009
Peter Schnitzler
Local credit unions largely avoided putting toxic assets on their own balance sheets. Even so, they’re going to have to pay millions of dollars to clean up their industry’s books.
More

Indiana Members Credit Union grows by acquisitionRestricted Content

June 15, 2009
 IBJ Staff
Indiana Members Credit Union, the metro area's second-largest credit union, has acquired Marsh Employees Federal Credit Union.
More

Lending, deposits increase at credit unions despite subpar economyRestricted Content

November 3, 2008
Cory Schouten
While many banks were getting drunk on loose lending in the last few years, most credit unions stuck to conservative lending and other plain-vanilla banking practices.
More

Credit union ordered to pay ex-executive $3.4MRestricted Content

August 14, 2006
Greg Andrews
A Marion County judge has ordered an Indianapolis credit union to pay its former CEO $3.4 million, saying it wrongly froze the executive's accounts after accusing him of financial improprieties three years ago.
More
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. I keep wondering why I keep hearing about this problem of corporations leaving America, and I never hear a reasonable proposal to lower corporate tax rates and raise personal rates on income from capital gains and dividends, especially for high earners. It is just too simple of a solution for Congress to embrace?

  2. Are you financially down and you need money to settle your dept,or you need money to start up a business or to invest on a huge business,we also offer Loans to individuals, Firms and cooperate bodies at low interest rate , loan terms determinant,Loan amount between the sum of $5,000.00 to $100,000,000.00. US Dollars And Euro. Loan for developing businesses a competitive edge/ business expansion. We Offer The Following Kinds Of Loans. Personal Loans (Secure and Unsecured) Business Loans (Secure and Unsecured) Consolidation Loan FIRST INFORMATIONS NEEDED ARE: BORROWER’S DATA’S INFORMATION,FILL AND RETURN FOR QUICK START UP PROCESS. Name:_________ Last Name:_________ Age:_________ Contact Address:_________ Country:_________ Amount Needed as Loan:_________ Loan Duration:_________ Phone Number__________ Monthly Income/Yearly Income:_________ Purpose for Loan:_________ Occupation:_________ How Soon is Loan Needed__________ Email via: albertbrownfirm@outlook.com

  3. is a disaster. SR37 already needs to be built to interstate standards between 465 and SR144. Southport Road is a mess each morning and evening.

  4. Bass Pro Shops would be good for the mall as well as a Giant Eagle Market District or a Jungle Jim's International Market Place grocery store like the one near Cincinnati Ohio.A Disney quest indoor theme park would be good.An Academy outdoor store would be good too.Indoor Circus shows and magic shows would be good as well. A casino with sports bar would be good.A Disney theater inside that shows movies and Broadway shows would work.Nashville Tennessee concert shops with indoor neon lights would be good.How about a theater that shows travel shows and theme parks. A train store would be good.How about a giant toy store with high tech video games.

  5. This development is in addition to Allpoints Midwest 5, Aitrtek, a recent FedEx and more in Plainfield. Greenwood and Brownsburg also have similar projects.

ADVERTISEMENT