DENVER – Embarking on a new program of neighborhood outreach, the $181 million New Horizons Community Credit Union has opened a new headquarters facility in an old KeyBank branch in south central Denver. The facility, opened June 1 and which houses senior management and the loan department, serves a “mixed socio-economic area” of the city and has already received a positive for its involvement in neighborhood projects, said Tom Gressman, president/CEO of the 19,000 member CU. Gressman head of the 70-year-old CU which formerly was a single sponsor for Gates Corp., a manufacturer of rubber goods, previously occupied space in a Gates building before moving to a community charter six years ago. New Horizons maintains three Denver branches and the new location “offers many growth opportunities to serve the Baker and Washington Park communities,” said Gressman. “As you may know, we were one of the first credit unions in Colorado to get a community charter after we fought back a court challenge from the bankers seven to eight years ago,” said Gressman noting that “landmark” is a source of pride for the CU. As part of its community outreach, New Horizons is offering a college scholarship award program for student members and is supporting a variety of charitable organizations, such as the Leukemia and Lymphoma Society. Gressman said the KeyBank office “became vacant a year ago” and was purchased in April 2003, but “under a non compete clause we had to wait a full year” before signage could go up. A grand opening celebration was slated for June 26, said the CU.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.