January 4 , 2007

Changing Our Name But Not Our Mission

Elkhart, IN - After 65 years of serving the employees of Bayer Corporation and others in the Michiana community, Bayer Federal Credit Union (BFCU) and its division, Michiana Credit Union, will soon change its name to INOVA Federal Credit Union. Bayer Federal Credit Union will change to INOVA Federal Credit Union over the next few months to facilitate a smooth transition to a new name.

The name change is a result of the growth and expansion of the membership of BFCU and a forward-thinking management team and board of directors. “We feel our name needs to reflect the future of this credit union at a time when we are seeing significant changes to our core sponsor group. As Bayer Corporation continues to make changes to their operations, we wanted to make sure our members know we are looking to the future and are committed to maintaining our mission of ‘improving our members’ financial well-being,’” says Dallas W. Bergl, President and CEO.

Members will begin to see the new name in February 2007, with a complete signage changeover and newly designed website targeted for March 1, 2007. Members will experience no disruption in services or products as a result of the name change.

Bayer Federal Credit Union is a member-owned, financial cooperative headquartered in downtown Elkhart, Indiana. BFCU has twelve branch locations in six states, serving over 33,000 members and over 400 select employee groups.