This merger is a strategic decision to strengthen our ability to serve you. INOVA Federal Credit Union shares our values, our commitment to members, and our focus on community. By coming together, we gain greater financial strength, more services, and the resources to invest in better technology, competitive rates, and enhanced support for all our members.

If approved, this partnership will bring:

• Better rates on loans and savings accounts
• Lower or fewer fees
• Expanded services such as:
  • In-house mortgage lending
  • A broader range of business banking solutions
• Improved/enhanced digital tools
• Stronger data security and fraud prevention
• A more resilient, future-ready credit union

In the short term, nothing will change. Your accounts, debit cards, online banking, and day-to-day services will remain the same.

When the merger is approved, we’ll communicate about any updates or enhancements. Our goal is to make the transition as smooth and seamless as possible.

No branch locations will be closed as part of this merger as both credit unions reside in different regions. In fact, our members will have access to more locations and shared resources.

This merger adds depth and stability to our leadership and operations. Our employees will continue to serve you, and many will benefit from expanded career opportunities. This also enhances succession planning and ensures long-term stability for our members and team.

Right now, we’re in the planning and review stage. When approved by regulators and by a member vote in late 2025, we anticipate the merger being finalized in early 2026.

Yes! As a member-owner, you will have a vote in this important decision. Voting will take place towards the end of 2025, and we’ll be sure to share all the details in advance along with instructions on how to cast your vote.

Fort Financial Credit Union and INOVA Federal Credit Union Announce Intent to Merge, creating a Stronger Partnership for Members

(August 28, 2025) | In a strategic move to strengthen their shared commitment to exceptional member service, financial empowerment, and community values, Fort Financial Credit Union and INOVA Federal Credit Union are excited to announce their intent to merge. This partnership is a collaboration built on shared purpose and mutual respect designed to bring together the strengths of both credit unions to better serve their members and communities.

The anticipated merger will combine decades of financial expertise, community involvement, and a deep understanding of members’ needs. By joining forces, the two organizations will expand their collective ability to offer enhanced products and services, greater convenience, and continued personalized care.

“This is about two strong credit unions coming together to become even stronger,” said Jeff Leichty, Chairman of the Board, Fort Financial Credit Union. “Our members will benefit from more robust resources, new technologies, and a broader branch and ATM network, all while experiencing the same personal service and values they’ve come to trust.”

Steve Collins, President and CEO, Fort Financial Credit Union added, “We are not changing who we are, we are building on what we’ve already achieved to deliver even more for our members. This merger is a true partnership, grounded in mutual respect, shared vision, and a deep-rooted commitment to our communities.”

As member-owned cooperatives, both credit unions will remain focused on delivering member-first services. The merger will bring together the strengths of both institutions, combining their Board of Directors and leadership teams while retaining all existing branch locations across their current markets.

Dallas Bergl of INOVA Federal Credit Union will serve as Chief Executive Officer of the newly combined organization, and Steve Collins of Fort Financial Credit Union will assume the role of President.

The unified credit union will operate under the name INOVA Financial Credit Union, reflecting the shared vision and values of both organizations as they move forward together.

The merger is expected to be finalized in early 2026, pending regulatory approval and a vote of membership. In the coming months, members will receive information and updates about the process.

This partnership is a reflection of both credit unions’ belief that working together creates greater opportunity, for members, employees, and communities alike.

About Fort Financial Credit Union
Founded in 1946, Fort Financial Credit Union (originally Salisbury Axle FCU, later Dana Corporation FCU) is headquartered in Fort Wayne, Indiana. It serves 24,176 members offering personal and business banking and lending services with branch locations in Indiana and Mississippi.

About INOVA Federal Credit Union
INOVA Federal Credit Union is a member-owned, financial cooperative headquartered in downtown Elkhart, Indiana. Established in 1942, INOVA was originally chartered to serve the employees of Miles Laboratories. Today, INOVA serves 47,326 members, the employees of over 1,000 companies and has six branches in Indiana.

Member Communication 1, August 28, 2025