Clarian Federal Credit Union acquires Community Choice

Clarian Federal Credit Union has agreed to absorb Community Choice Federal Credit Union, the two local organizations announced
Wednesday.

The combined firm will have more than 8,700 members and more than $20 million in assets, according to
Credit Union Access, an online directory of credit unions.

Clarian Federal, an arm of Indianapolis-based
hospital system Clarian Health, has two locations—across the street from Clarian’s Methodist
Hospital in downtown Indianapolis and inside the Clarian West Medical Center in Avon. Community Choice
has one location, at 2811 E. 10th St. in Indianapolis.

By merging with Clarian Federal, Community
Choice members will get access to 40 different retail locations that are part of a shared branch network
in which Clarian Federal participates.

Clarian Federal also offers online banking and bill payment services,
which Community Choice does not.

Officials of the credit unions expect the merger to be complete by year’s
end. It received approval from the National Credit Union Administration on Nov. 10.

Please enable JavaScript to view this content.

Editor's note: IBJ is now using a new comment system. Your Disqus account will no longer work on the IBJ site. Instead, you can leave a comment on stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Past comments are not currently showing up on stories, but they will be added in the coming weeks. Please note our updated comment policy that will govern how comments are moderated.