Credit Unions

IBJ Podcast: She kept her job but hit the road, lived in a school bus and reclaimed her calling

August 18, 2025 | Mason King

Karmen Johnson explains how she kept her job with an Indy-based credit union while exploring the country—and then added a career in art after a near-fatal accident brought it all into focus.

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Former credit union manager indicted on fraud charges

August 6, 2025 | Susan Orr

The former manager of a credit union branch in Indianapolis has been charged after investigators say she stole more than $350,000 from customer accounts.

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Financial Center announces CEO Cameron Minges will retire

July 31, 2025 | IBJ Staff

Minges, who has been with the company for more than a decade, was named CEO in 2022. During the transition, a former Financial Center executive has been appointed to serve as interim.

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Financial Center to absorb Post Office Credit Union in merger

January 29, 2025 | Susan Orr

Financial Center First Credit Union, which is among the Indianapolis area’s largest credit unions, plans to merge with the Indianapolis Post Office Credit Union.

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Anderson-based credit union opening Martin University office

November 25, 2024 | Susan Orr

Anderson-based Lampco Federal Credit Union has formed a partnership with Martin University and plans to open a part-time office at the Indianapolis school within weeks. It’s part of Lampco’s broader push to gain members in Marion, Hamilton and Hancock counties.

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Local banks lure new customers with cash amid competition

November 1, 2024 | Susan Orr

Cash offers are not a new phenomenon, but they’re in widespread use locally now, with at least 10 banks and credit unions offering such incentives.

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Credit union taking HQ to Bottleworks District

September 4, 2024 | Mickey Shuey

Indiana Members Credit Union has more than 160,000 members and 31 branches across the state. The company, founded in 1956, also employs about 525 people statewide.

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Banks, credit unions turn to Legislature after stinging court losses

February 9, 2024 | Whitney Downard, Indiana Capital Chronicle

The revival of a bill that would allow banks to change contract terms without explicit consent from their users rang alarm bells for consumer advocates but faced little opposition in the Indiana House. Additionally, the proposal would override two recent opinions from the Indiana Supreme Court.

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Anderson-based credit union expanding outside Madison County

November 30, 2023 | Susan Orr

After 60 years of operations in Madison County, Anderson-based Lampco Federal Credit Union is working to establish a foothold in Marion, Hamilton and Hancock counties.

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Indiana’s largest credit union changing its name

June 6, 2023 | Alex Brown, Inside INdiana Business

Teachers Credit Union on Tuesday said the rebranding better reflects its “mission to empower and serve all people and grow beyond its original educator roots.” It will also mean a name change for TCU Amphitheater at White River State Park.

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Credit union to take over former downtown barbecue spot

May 25, 2023 | Susan Orr

The spot near Monument Circle has been vacant since September 2020. Indiana Members Credit Union expects to open a branch office there this summer.

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Fort Wayne-based credit union to enter central Indiana market

June 20, 2022 | Mary Roberts, Inside INdiana Business

Fort Wayne-based 3Rivers Federal Credit Union, which operates 21 branches in northeast and east-central Indiana, plans to spend $7.5 million to construct three branches in central Indiana.

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Teachers Credit Union names new president, CEO

March 22, 2022 | IBJ Staff

Jason Osterhage mostly recently was executive vice president and chief operating officer for Texas Dow Employees Credit Union in Houston.

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Elements CEO stepping down after 17 years leading credit union

February 9, 2022 | Susan Orr

Lisa Schlehuber has served as CEO of Indianapolis-based Elements Financial since 2005. She’ll retire from the role in April, the credit union announced Wednesday.

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Longtime Financial Center CEO Ryan retiring

January 19, 2022 | Mary Roberts, Inside INdiana Business

J. Kevin Ryan, CEO of Indianapolis-based Financial Center First Credit Union, is set to retire after 40 years in the industry, the credit union announced Tuesday.

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Indiana Members CEO to retire after 37 years with credit union

July 1, 2021 | Susan Orr

President and CEO Ron Collier has managed 33 mergers and acquisitions at Indiana Members Credit Union since 1985.

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Indiana Members Credit Union adds Bloomington-based credit union

June 1, 2021 | Susan Orr

Indianapolis-based Indiana Members Credit Union will add 2,231 members, two offices and $17 million in assets by adding Members Choice Federal Credit Union through a merger.

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Regulators liquidate troubled Indianapolis credit union

April 1, 2021 | Susan Orr

The financially troubled credit union had been operating under a conservatorship since January. As part of the liquidation, about 500 members and most of their deposits have been transferred to Indianapolis-based Elements Financial Credit Union.

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Indianapolis credit union placed into conservatorship

January 15, 2021 | Susan Orr

The National Credit Union Administration says it took control of operations at Indianapolis’ Newspaper Federal Credit Union because of “unsafe and unsound practices.”

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Lucas White: Credit unions have unfair advantage over banks

September 4, 2020 | Lucas White

In the past 80-plus years, however, credit unions have grown substantially in size and scope, bearing little resemblance to their forebears. Their current clientele often are affluent, and field-of-membership requirements have been stretched beyond recognition.

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