Clarian Federal Credit Union acquires Community Choice
The combined firm will have more than 8,700 members and more than $20 million in assets.
The combined firm will have more than 8,700 members and more than $20 million in assets.
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.
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.
Indiana Members Credit Union, the metro area’s second-largest credit union, has acquired Marsh Employees Federal Credit Union.
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.
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.