Afena Federal Credit Union

Afena to Build New Corporate Headquarters in Marion

 Afena Federal Credit Union Announces Purchase of Raintree Plaza, Plans Demolition and Construction of New Corporate Headquarters. 

Marion, IN (February 10, 2022) – Afena Federal Credit Union announced today that they have purchased the Raintree Plaza, a key plot of land along the North end of the Marion bypass, to be the future site of the Credit Union’s new corporate headquarters. The move comes after years of growth have left Afena bursting at the seams, having long outgrown their current headquarters, located at 424 N Bradner Ave.

“Afena’s purchase of the former Raintree Plaza building is an answer to a problem all organizations wish to have…we are growing!” said Karen Madry, President and CEO of Afena Federal Credit Union. “Particularly over the past five years, Afena has experienced tremendous organizational growth. Frankly, the need to build a new corporate headquarters has been on our radar for a while, but for one reason or another the stars never aligned…So, I am truly thrilled to be making this announcement. We were blessed to find the perfect location and the perfect time.” said Madry.


Afena’s new corporate headquarters will feature nearly 10,000 square feet of space to provide ample room for future growth, as well as include a full-service branch and the very latest in interactive banking technology. Originally established in 1956 by a group of GM employees, Afena Federal Credit Union is a not-for-profit financial institution that exists to give its members what matters most in life – freedom, pride, and legacy. As Grant County’s only Community Development Financial Institution (CDFI), Afena is mission-focused on providing affordable, high-quality financial products and services to anyone who lives, works, worships, or attends school in Grant and Wabash counties—especially financially vulnerable individuals and families.


“While other financial institutions may only see a credit score or an account balance, at Afena we look at your whole story,” said Madry. “Afena is committed to truly working with our members and going the extra mile to help them achieve their financial dreams. I believe that our continued growth and success as an organization speaks to the critical need for the work we are doing as a low-income designated credit union in our community.”  


Afena is committed to the growth and development of the community and has several strong partnerships with many local organizations. The Credit Union is pleased to be able to eliminate an old eye-sore and contribute to the revitalization of the North bypass in Marion. “Afena was born and raised in Grant County, and that is exactly where our corporate headquarters will stay. We believe this new location will allow Afena to provide greater service to our current members, as well as to help us attract new members who we know will benefit substantially by joining the Credit Union,” said Madry. The demolition of the existing Raintree Plaza structure will begin in the next month, with new building construction set to start later this year.

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