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The Dubois-Pike Federal Credit Union held a grand opening ceremony at their new location located along 650 West Second Street in Jasper Wednesday afternoon.

The ribbon cutting took place inside as rain caused those on hand to fill the lobby of the new facility with Dubois Pike Federal personnel, clients, and guests.

Both CEO/CFO Jim Schroeder and Board President Steve Stoffel stood at each end of the ribbon as Mayor Terry Seitz provided a speech embedding the new location before the cutting of the ribbon. Mayor Seitz says that the community is blessed to have an institution such as this one that started out small and was born from rich soil and now celebrates a new facility.

Photo courtesy of: Jasper Chamber of Commerce Board Member Brian Hostetter
(Photo courtesy of: Jasper Chamber of Commerce Board Member-Brian Hostetter.) From Left to Right (upfront): CEO/CFO Jim Schroeder & Jasper Chamber of Commerce President-Craig Hanneman

Jasper Chamber Board President, Craig Hanneman, presented the CEO/CFO Schroeder with a plaque of a 2 dollar bill for good luck and to congratulate on their expansion.

The public who attended provided their support with applause and toured the facility to have a first hand look at the new building.

When asked about his intake on the quality of service provided by the bank’s personnel CEO/CFO Schroeder elaborated on being proud of the work accomplished by those working at Dubois-Pike Federal Credit Union.

CEO/CFO Schroeder has been with Dubois-Pike Federal Credit Union since it was chartered back in 1971. He has served on the company’s board of directors as Treasurer and was the company’s lone employee for 10 years.

Schroeder retired after 33 years as a Middle School teacher for the Northeast Dubois School Corporation in 2002, which allowed him to dedicate more time to the credit union in preparation of his current position as CEO/CFO of Dubois-Pike Federal Credit Union in 2004.


According to their information, Dubois-Pike Federal Credit Union is a non-profit financial institution operated by their members. Instead of profits being returned to stockholders, it is given to its members in the form of higher dividends on savings and investments, lower interest rates on loans, and low or no fees for their services.20160727_184013

Board President Stoffel provides insight on the significance of the new building and how it will benefit the community.

The Board of Directors and the Supervisory Committee volunteer their time and do not receive compensation for their services.

For more information on the services provided visit their website at .


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