On pace to double its asset base twice in the next decade and add 500 jobs by 2020, United Federal Credit Union announced plans to expand its headquarters to accommodate its growing workforce.
UFCU of St. Joseph, Mich., plans to expand its headquarters underscore the institution’s steady growth in recent years. UFCU, which planted its roots in Berrien Country in 1949, began as a branch within the walls of Whirlpool Corp.
The institution, which now manages assets in excess of $1.3 billion, has seen its member base grow approximately 5% in the past year. The larger headquarters will enable the company to streamline business functions, consolidate operations and comfortably accommodate current staff, as well as the more than 500 new hires it plans to add by 2020.
“We value our Midwestern roots and our history here in Berrien County,” said Gary Easterling, president/CEO of UFCU. “It is our intention to investigate all Michigan area options while we select the best site."