Ball State Financial adds to portfolio
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Muncie-based Ball State Financial has merged with Muncie Post Office Credit Union, the financial institution announced Monday. While financial details are not being disclosed. Ball State Financial said the credit union’s members will benefit from an expanded array of services.
MPOCU was established in 1928 to serve employees of the Muncie Post Office and their families. The credit union had more than $500,000 in assets, according to Ball State Financial.
Ball State Financial said the merger provides MPOCU members with products including checking, loans and credit lines, credit cards, savings and certificates, insurance and investments.
A spokesperson for Ball State Financial told IIB that MPOCU had two part-time employees who retired upon completion of the merger.
Ball State Financial is a division of Financial Center First Credit Union in Indianapolis. The division has two branch locations in Muncie, and the parent credit union has additional locations in Indianapolis, Greenwood and Kokomo.
Financial Center First Credit Union has $847 million in assets and employs 189 people across its footprint. The credit union is the fifth-largest in central Indiana, according to IBJ research.