Huge CU Project Moves Forward

ROCHESTER, N.Y. – ESL FCU is preparing to break ground on its new $50 million headquarters, one of two major projects aimed at changing the face of this decaying upstate New York city.

The $3 billion credit union plans to build a six-story office building where it will house 300 employees and a new branch. The project is expected to be completed by the spring of 2010.

ESL is the second major employer to announce plans for downtown, joining l ocal telecommunications provider PAETEC, which will build its worldwide headquarters here.

ESL was chartered in 1920 as Eastman Savings and Loan Association by George Eastman, founder of Eastman Kodak Company. In 1996 it became one of the few S&Ls to convert to a credit union, growing since then into the largest credit union in New York.