3Rivers FCU expands to Angola

3Rivers Federal Credit Union is opening a new branch in Angola. It is expected to open in December.

3Rivers Federal Credit Union is nearing completion of its new financial center in Angola. The new 2,800-square-foot facility is located on a 4-acre lot located on North Wayne Street, adjacent to the Meijer parking lot. Construction started in the spring.

3Rivers has invested over $1.7 million in the new branch, which is anticipated to open in December.

Strategic Growth Advisors of Fort Wayne is overseeing the design and construction of the new facility.

The new branch will feature an open concept, with separate rooms for use by business, mortgage, and investment services, in addition to a drive-thru and standalone ATM. Upon completion of the Angola financial center, 3Rivers will have newly built or remodeled all 17 of its northeast Indiana facilities, investing nearly $33 million back into the local economy since 2012.

Additionally, this is the 15th 3Rivers branch to feature locally created works of art. The Angola location will house over 30 pieces from 15 local artists. The collection includes photography, handcrafted pottery, 16 original paintings and other mediums. The works were purchased from local galleries, directly from the artists and community members. Since beginning the local art initiative in 15 branches, 3Rivers has invested thousands of dollars in support for local artists and galleries.

“We’re excited to be opening our new financial center in Angola, to not only serve our 1,000+ existing members in Steuben County, but to help many others with their financial wellness,” Don Cates, 3Rivers president and CEO, said. “Our expansion will also support our existing business partnerships — from real estate, to small businesses and nonprofits. Moving to Steuben County has been a long time coming and we’re appreciative of the excitement folks have shared with us. Our team is ready to make an impact and invest in the success the community.”

3Rivers Federal Credit Union opened in 1935. The member-owned, nonprofit cooperative has $1.6 billion in assets, more than 109,000 members, 21 branches, and over 450 employees. For more information, visit www.3riversfcu.org.

Steel Dynamics dividend

Steel Dynamics, Inc. (NASDAQ/GS: STLD) on Nov. 19 announced that the company’s board of directors has declared a quarterly cash dividend of $0.25 per common share. The dividend is payable to shareholders of record at the close of business Dec. 31, and is payable on or about Jan. 15.

Steel Dynamics is one of the largest domestic steel producers and metals recyclers in the United States based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.

Steel Dynamics is headquartered in Fort Wayne and has mills in Columbia City and Butler.

Flagstar Bank limiting lobby access

Flagstar Bank is taking steps to limit the spread of the coronavirus.

Its full-service branches will limit lobby access to appointment only, Monday – Saturday. Customers are asked to schedule an appointment at least one day in advance by calling their local branch or by visiting flagstar.com/schedule. The same applies to those who need access to a safe deposit box at a Flagstar Bank.

Branches with drive-up service will continue drive-up banking without interruption.

Flagstar also offers many ways to bank outside of our branches, including:

  • Online banking
  • Mobile banking
  • MyLoans
  • ATM or debit card
  • Bank by phone at 888-248-6423

For the latest information about Flagstar's response to the pandemic, visit flagstar.com/update or follow them on Facebook, Twitter, and LinkedIn.

Cindy Larson is a longtime Fort Wayne journalist and is a Greater Fort Wayne Business Weekly reporter. To submit items, send email to clarson@kpcmedia.com or call 260-426-2640, ext. 3369.

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