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2008-02-05 issue:

MMA expands partnership with Mennonite credit union

by Everett J. Thomas

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GOSHEN, Ind.—MMA (Mennonite Mutual Aid) and Mennonite Financial Federal Credit Union, headquartered in Lancaster, Pa., continue to expand their partnership by opening joint offices. A joint office was scheduled to open in Sarasota, Fla., on Feb. 1, and MMA is expanding the Mennonite Financial building in Kidron, Ohio, so it can join Mennonite Financial there later this year.

As the stewardship agency for Mennonite Church USA, MMA has been interested in moving into banking services but does not want to duplicate the services or compete with Mennonite Financial, says MMA president Larry Miller.

“When people think there’s a merger,” Miller says, “the first thing people say is, ‘Who won and who lost?’ It’s a partnership. We both serve the church community. You have to give up some control and develop trusting relationships and have the same vision.”

In October 2007, Mennonite Financial opened a small office at MMA’s corporate headquarters in Goshen to serve MMA employees. Miller says MMA hopes to open four more offices with Mennonite Financial in the next two years but declined to name the communities specifically.—Everett J. Thomas

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