HAGERSTOWN, Ind. (1/4/11)--Perfect Circle CU, Hagerstown, Ind., has closed one of its four branches as a consolidation strategy. The credit union closed its west Richmond branch, and will move staff to its other branches in east Richmond, Hagerstown and New Castle. No jobs will be lost. PCCU President Lisa Dykhoff told the local newspaper that two years after the $51 million asset credit union opened its east Richmond branch, it conducted a market analysis, followed by a second earlier this year (Palladium-Item.com Dec. 31). The analyses indicated more members were transferring their business to the east side location, which has more vehicle and food traffic. West side businesses have been declining in recent years. Dykhoff noted in the article that the credit union is facing regulatory changes and increases in the costs of providing basic financial services.