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Illinois Credit Union Opens Library Branch

Kane County Teachers Credit Union's opening of a branch in a local public library may be an industry first.

Parents and children inside the Gail Bordon Public Library.

While many executives are always searching for new strategic branch locations, Mike Lee, president/CEO of the $232 million Kane County Teachers Credit Union in Elgin, Ill., may have found a new a new gem of a locale that no one, until now, has ever thought of – the local public library.

In June, KCT Credit Union expects to open new a mini branch, about 330 square feet, inside a 153,826-square-foot Gail Bordon Public Library. It’s the third largest public library building in the Land of Lincoln and features a spacious round reading room with large windows overlooking the Fox River.

The library overlooking the Fox River.

It’s anticipated that the partnership will help both successful organizations accomplish what they always need to keep growing – new credit union members and new library patrons.

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Peter Strozniak

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