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News Now

Washington
Indiana CUs FOM expansion request OKd
Click to view larger image From left: NCUA Board Vice Chair Rodney Hood, Chairman JoAnn Johnson and Board Member Gigi Hyland prepare to consider the field of membership request for Horizon One FCU in Indianpolis, Indiana. (Photor provided by CUNA)
ALEXANDRIA, Va. (7/25/08)--The National Credit Union Administration (NCUA) Board unanimously approved an application from Horizon One FCU, Indianapolis, Indiana, for a community charter to serve persons who live, work, worship, attend school in, and businesses and other legal entities located in Marion or Johnson Counties, Indiana. Horizon One has $68 million in assets and nearly 12,000 members. It had a multiple group membership, primarily involving transportation equipment. NCUA said data demonstrates the two counties are “a single, well-defined local community where residents have common interests or interact.” The total population of the proposed service areas based on 2006 Census Data is 998,820.


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