Union Community Bancorp Announces Quarterly Cash Dividend

Union Community Bancorp (the "Company") (NASDAQ:UCBC),
an Indiana corporation, which is the holding company for Union Federal
Savings & Loan Association (the "Association"), announced today that
Union Community Bancorp has declared a cash dividend of $0.15 on each
share of its Common Stock for its second fiscal quarter ended June 30,
2005. The dividend is payable on July 6, 2005 to the holders of record
on June 27, 2005. This equates to an annual dividend rate of $0.60 per
share.
   Union Community Bancorp was formed in 1997 and acquired all the
shares of Union Federal Savings & Loan Association. The Association
has been headquartered in Crawfordsville, Indiana since its
establishment in 1913 and operates six offices located in Montgomery,
Fountain, Warren and Tippecanoe Counties.
   The Company had $261.3 million in total assets and $33.7 million
in shareholders' equity as of March 31, 2005. There are currently
1,939,000 shares of stock outstanding which are traded on NASDAQ under
the symbol "UCBC".