BEDFORD – Dearborn County Federal Credit Union in Lawrenceburg, Indiana, and Bedford, Indiana-based Hoosier Hills Credit Union have agreed to merge in late 2022. The merger has been approved by the boards of both institutions but is still subject to regulatory approval and a member vote at DCFCU.
The move will provide additional services to Dearborn County FCU’s nearly 2,000 members and will add $16 million in assets as well as an additional location in a new service area for Hoosier Hills Credit Union, which currently operates nine Service Centers throughout southern Indiana.
Dearborn County Federal Credit Union has a 60-year history of providing financial services to the Dearborn, Ripley, Ohio, and Switzerland County area.
The Credit Union will continue to serve its members under the Hoosier Hills Credit Union name in the same location with its current management and staff. It is anticipated that a second service center location will be forthcoming to provide further accessibility for DCFCU members, in addition to adding a new array of services previously not available.
“I’m proud that Dearborn County Federal Credit Union is financially strong and healthy and providing great service to our members,” said Katee Goodpaster, President, and CEO of Dearborn County Federal Credit Union. “Because it has become more difficult to absorb the increasing costs of compliance, information security, and technology, we voluntarily made the strategic decision to find a long-term partner with a similar culture and philosophy around member service, employee engagement, and community involvement. After a thorough evaluation of potential partners, we selected Hoosier Hills Credit Union. I am so pleased to be able to partner with HHCU to bring added services and convenience to our members. Hoosier Hills is an excellent complement to our Credit Union. Both organizations care deeply for our members, commit to being active participants in the community, and have the best interests of our members at heart.”
Hoosier Hills Credit Union serves more than 33,000 members and has assets totaling $830 million. Founded in 1969, the Credit Union focuses on local decision-making, personal service, and fulfilling its mission to make a positive difference in the lives of members and in the communities it serves.
“We are delighted to be the chosen partner for Dearborn County Federal Credit Union,” commented Travis Markley, President, and CEO of Hoosier Hills Credit Union. “Our goal is to carry on the proud heritage of Dearborn and to expand upon their current strengths, as well as bring additional strengths, services, and convenience to both the existing and future members of the community. Everyone wins with this merger – Dearborn County Federal Credit Union, Hoosier Hills Credit Union, our members, and the communities served by both organizations.”
Markley will lead the combined credit union as CEO. Goodpaster will become the Vice President of Operations for the Lawrenceburg service area.
About Hoosier Hills Credit Union
Hoosier Hills Credit Union (HHCU) is a not-for-profit financial cooperative, which means those who bank with Hoosier Hills are the owners of the Credit Union. Headquartered in Bedford, Indiana, HHCU is a full-service financial institution that operates 9 service centers serving southern Indiana and northern Kentucky.
The Credit Union, founded in 1969, provides a wide array of loan, savings, investment, and insurance services to meet members’ financial needs. Decisions are made locally, and personal service is a primary focus. Hoosier Hills Credit Union’s Mission – To be better for our members by making a positive difference in their lives and in the communities we serve. Better Service, Better Banking, Better for You.