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Bedford Hoosier Hills Credit Union Is Growing And Expanding
Updated May 2, 2017 12:47 PM | Filed under: Business
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Hoosier Hills Credit Union is nearing completion of an 8,700 square foot addition to its headquarters building in Bedford. The building will house several support departments.
The new Training Center, part of Hoosier Hills Credit Union’s new Annex building, will enable larger group meetings at the Credit Union.
New offices are ready to house HHCU Human Resources, Finance and Accounting, Electronic Funds Transfer, Internal Audit and Compliance professionals.

(BEDFORD) - Hoosier Hills Credit Union has plenty of reason to be celebrating with the near completion of the new Annex Building addition at its Bedford headquarters site, as well as organization growth that puts the Credit Union at over $500 million in assets.

Groundbreaking for the 8,700 square foot building took place in November 2016. Move-in is expected to begin mid-May. This addition will hold HHCU's Finance and Accounting departments, as well as Electronic Funds Transfer, Internal Audit, Compliance, Human Resources, and the credit union's Training Center. The building provides more than 30 office spaces, a training room and two conference rooms.

"We are excited to be ready to move into our new building," said George McNichols, HHCU President and CEO. "We have found ourselves out of space for nearly a year due to the outstanding growth we're experiencing. Our staff is looking forward to getting settled in their new building. The new Annex also allows for additional growth in the near future. It's exciting to be expanding our presence in the Lawrence County community and beyond."

Not only is the Credit Union physically expanding into new space, but it is also growing and expanding in size. HHCU surpassed the $500 million in assets milestone at the end of March. Hoosier Hills' assets at the end of the first quarter 2017 were $501,643,300.

Hoosier Hills Credit Union also reports strong year-end financials for its upcoming Annual Meeting. The Credit Union experienced 16 percent loan growth, along with 7 percent deposit growth. HHCU capital ratio at year-end was 9.6 percent, which compares very favorably to the 7.0 percent required by federal regulators for well-capitalized credit unions.

"Our growth is directly tied to the business our members do with the Credit Union," McNichols commented. "We realize our members have many choices when it comes to where they get their mortgage loan, where they have their checking account, where they finance their car, where they get their commercial loan, where they invest their money, and where they use any financial service. It is a tribute to our employees who provide such excellent service that more members want to use us for more services."

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 which operates 8 service centers in southern and southwestern Indiana. 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!

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