Branch network

PORTSMOUTH, N.H. – Service CU on Tuesday broke ground on a 100,000-square-foot, 17-acre headquarters.

VACAVILLE, Calif. – Travis CU, which is in the process of merging with Metro 1 CU, plans to open three new branches after the April 30 completion of the deal, as the credit union celebrates its 60th anniversary.

CORNING, N.Y. – Corning CU opened its 14th branch, and third in North Carolina, in Wilmington to serve employees at the Corning Corp. fiber optics plant there.

RICHLAND, Wash. – HAPO Community CU has bought property to build two new branches, including its first in Oregon.

NEWBURGH, N.Y. – Hudson Heritage FCU opened a new branch in a Wal-Mart Supercenter here, the $225 million credit union’s 10th branch.

TOLEDO, Ohio – Directions CU announced it is shuttering two under-performing branches next month, one in Mount Vernon and one in Mansfield.

CHELSEA, Mass. – Metro CU, in the process of acquiring nearby University FCU, is opening a new Boston branch next month, representing an expanded presence in the city by the $800 million credit union based in Boston’s working neighborhood of Chelsea.

LANSING, Mich. – Michigan State University FCU opened its newest branch in the former Dimitri’s Restaurant building in downtown Lansing last week.

MECHANICSBURG, Penn. – Members 1st FCU on Monday opened a new branch in North Cornwall Township, its second in Lebanon County and one of five the $2 billion plans to open in 2011.

WICHITA, Kan. – Mid America CU is building what will be a shared branch in northeast Wichita, a community it abandoned two decades ago when it closed its branch there.

RIVERSIDE, Calif. – Altura CU, struggling with a $5.8 million loss last year, announced Friday it is shuttering four branches and laying off 26 employees, 11% of its workforce.

VIENNA, Va. – Navy FCU will open a new branch, its 214th, this morning in Browns Mills, N.J., to serve employees and families at McGuire Air Force Base, Fort Dix and the Naval Air Engineering Station Lakehurst.

CAMP PENDLETON, Calif. – Pacific Marine CU has acquired a branch in Temecula, Calif., from Provident Savings Bank.

VIENNA, Va. – Navy FCU has installed Skire Inc.’s Unifier facilities management system for its 210-branch network.

ANDERSON, Ind. – Independent FCU, which reported big losses each of the past two years, announced yesterday it is closing two branches and cutting 12 part-time employees next week.

ALBANY, N.Y. – SEFCU said it will open a branch in the Rensselaer Union on the Rensselaer Polytechnic Institute campus in Troy, replacing an HSBC branch being closed in June.

GLENDALE, Calif. – California CU has agreed to buy back its headquarters – which it sold just five years ago to a now-troubled real estate investment company – for a cool $11 million profit.

FORT WORTH, Texas – Fort Worth Community CU has acquired a 4,000 square-foot building by a Target-anchored shopping center once occupied by Washington Mutual Bank.

SAN DIEGO – San Diego Medical FCU has renewed the lease on its 4,638-square-foot Mission Valley headquarters in the 29,639-square-foot Rio Vista Plaza II office building.

ALEXANDRIA, Va. – Pentagon FCU said it is closing its San Antonio branch later this month, part of a move to focus more on online and mobile services.