Branch network

Its future is as debated as any topic within credit unions, and as one panel of CEOs and analysts here made clear, that debate over what is to become of branch networks is not near being resolved.

COLUMBIA, S.C. – Carolina Collegiate FCU yesterday opened a student-run branch on the University of South Carolina campus in the Russell House university union center.

BEAVERTON, Ore. – The $550-million Rivermark Community Credit Union said it plans to close branches in Clackamas and Newberg, Ore., and will focus on encouraging members to use mobile and online solutions for transactions.

MANSFIELD, Texas – Texas Trust Credit Union has purchased two office buildings with nearly 80,000 square feet of space that it designated to become its new corporate headquarters.

SAGINAW, Mich. – United Financial CU is breaking ground next week on a 15,000-foot expansion of its offices.

BELLEVUE, Neb. -- SAC FCU broke ground last week on a $20 million, four-story headquarters it is building in Papillion just east of Shadow Lake Towne Center.

PENSACOLA, Fla. -- Navy FCU closed yesterday on its $3.6 million purchase of 240 acres adjacent to its 65-acre call center, clearing the way to add 700 new jobs and invest $6.5 million into the huge operation over the next several years.

PITTSFIELD, Mass. – Greylock FCU, the biggest credit union in the Berkshires, has signed a long-term lease for 18,000 square feet in the ToyWorks building, former factory for KB Toys.

HOUSTON – Cardtronics, the key EFT switch for credit unions, said this morning it has acquired Minneapolis-based ATM Network Inc. and its contracts with 6,200 merchant-owned ATMs.

RICHMOND, Va. -- Governor Bob McDonnell announced this morning that Navy FCU has agreed to make a multi-million dollar investment to expand its member service operation in Frederick County, topping a competing bid from Florida where the credit union giant operates a huge call center.

ANNAPOLIS, Md. – Navy FCU plans to build a fourth branch in this state capital, home to the U.S. Naval Academy, a 10,500-square-foot facility with five drive-thru lanes.

ATLANTA – Delta Community CU has opened its 23rd metro Atlanta area branch in midtown’s historic district, across the street from The Margaret Mitchell House.

WASHINGTON – The Senate adjourned yesterday for its annual five-week summer vacation, leaving behind numerous credit union-critical bills, including the bipartisan bill to eliminate redundant fee disclosures at the ATM—even though the credit union-backed measure passed the House unanimously last month.

LAKELAND, Fla. – MidFlorida CU, which is integrating mergers on Florida’s west and east coasts, is opening a new branch in Plant City in a former Regions Bank branch.

SIERRA VISTA, Ariz. – Navy FCU is opening its fourth Arizona branch here Monday near Fort Huachuca, which will serve Army and Air Force personnel.

LIVE OAK, Texas – Randolph-Brooks FCU opened its administration services center in north Austin Wednesday and plans to open four new branches in the near future.

JACKSONVILLE, Fla. – Alive CU, the former Blue Cross credit union known till last month as Healthcare’s Cooperative CU, is expanding outside of healthcare facilities with a deal to buy two stand-alone branches from Space Coast CU.

WEST LAFAYETTE, Ind. – Purdue FCU is opening a new branch Friday on the Purdue University North Central campus.

HONOLULU – HawaiiUSA FCU plans to open a new Maui branch inside the Times Supermarket store in Kihei this week.

DALEVILLE, Ala. – Army Aviation Center FCU opened its new operations center, a 42,500-square-foot building that cost $8 million to build.