Teachers Credit Union and Hamilton Southeastern Schools in suburban Indianapolis have signed a five-year business partnership.
Through the agreement, TCU will provide cash management services to the school corporation to enhance operations and financial management, according to a statement from TCU. The credit union also will provide annual support as the exclusive naming rights sponsor to the football fields at Fishers High School and Hamilton Southeastern High School.
The cash management dividends and naming rights sponsorships are expected to provide Hamilton Southeastern Schools a total of $1.3 million of support annually over the term of the partnership, TCU said.
“TCU is proud to have been selected as the financial services provider for the Hamilton Southeastern Schools District,” said Paul Marsh, TCU president and CEO. “HSE has a proven record of being a forward-thinking school district. Our vision is to partner with our communities to achieve their financial success one member at a time. We are excited about our partnership with HSE and the benefits it will provide the students of the district.”
Hamilton Southeastern Schools said there was a competitive process to partner with the school district but TCU was selected because it demonstrated a desire to work with the HSE.
“There are so many financial institutions that offer excellent service to schools in this area,” said Allen Bourff, superintendent. “We look forward to working with them.”
South Bend-based Teachers Credit Union, founded in 1931, recently surpassed 300,000 members and has more than $3 billion in assets. TCU operates 54 branches throughout Indiana and Southwest Michigan.
