Alabama’s Redstone Federal Credit Union said Friday it ischarting new expansion into hometown metro Huntsville andNashville, Tenn., with plans soon for two new branches “and likelymore later on.”
|The first branch in Murfreesboro, a Nashville suburb, will openthis fall and the second in the spring of 2012 in Madison, Ala., agrowing city and part of metro Huntsville.
|The Murfreesboro branch to be located near a Walmart and toserve nearby colleges would be the second Tennessee branch for the$3 billion Redstone. It already has a facility in Fayetteville.
|“In our Madison branch, we are looking at an area withcontinuing growth in housing, business and education, “said JosephNewberry, president/CEO.
|In Murfreesboro, “we have a growing dynamic market and aninvolved and caring community anchored by higher education, ascenario in many ways similar to Huntsville,” Newberry said. “Thesuccess of our Fayetteville branch coupled with a growingTennessee-based membership, partially propelled by studentsattending Middle Tennessee State University, led us to thisdecision.”
|In the months ahead, Redstone will be looking at other areas for branch expansion inthe Nashville area as well as northern Alabama, Newberry said.
|The 333,000-member Redstone now lists 20 full-service branches on its website.
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