The $9 billion Members United Corporate FCU announced in a letter to members Sept. 17 it would deliver pink slips to 27 employees, most of whom will leave the organization during the next 30 days.

President/CEO Joe Herbst said Members United would also close its Indianapolis location.

"This is not a change in our commitment to our relationships or member service in this important market," Herbst wrote about the Indiana office. "Rather, by taking advantage of improved telephone and computer technology our local staff will be able to work seamlessly out of home offices."

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.