3Rivers Federal Credit Union to expand in central Indiana
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Fort Wayne-based 3Rivers Federal Credit Union is planning to expand in central Indiana. The credit union says it will invest $7.5 million to build three branch locations in Muncie, Pendleton, and Fortville.
3Rivers is working with Fort Wayne-based Strategic Growth Advisors on the design and construction of the facilities. Each 3,000-square-foot building will feature an open concept with separate rooms for business, mortgage, and investment services, as well as separate drive-thru lanes, and ATMs.
“We’re excited to bring a new, local banking option and our unique approach to financial wellness to central Indiana,” said Don Cates, 3Rivers chief executive officer. “3Rivers has continued to grow and thrive with the trust of our members, and we believe our strong community brand and culture will prove to be a good fit and value to our new communities.”
3Rivers says the new locations will allow it to serve new members, providing them with access to expanded products, services, improved convenience, and advanced technology.
Despite the pandemic, the credit union says it has continued to experience organic growth in new members, deposits, and loan volume. 3Rivers currently has nearly $2 billion in assets and serves more than 110,000 members.
3Rivers currently operates 21 branches throughout northeast and east central Indiana. The credit union acquired Richmond-based West End Bank in June 2020.
The branches are expected to open by the end of the year.