Tampa, Florida.
The credit union industry’s largest CUSO, Velera, has finalized a plan to move its headquarters from St. Petersburg, Fla., to downtown Tampa by mid-2026.
According to Velera, the new location will be smaller than its longtime campus, but a much more efficient use of the space.
In an interview with CU Times, Velera President/CEO Chuck Fagan said, “We are going to move into the Water Street area, which is a district in Tampa near Amalie Arena, a lot of restaurants, and clubs and hotels and very convenient to the airport.”
The downtown Tampa district Velera is moving to is known as Sparkman Wharf, which is a popular waterfront location for businesses and tourists.
In 2021, Forbes recognized Sparkman Wharf and Water Street Tampa among the nation's fastest-growing tech districts.
The former tenant of the property, Strategic Property Partners (SPP), announced this week it was vacating the building for a new location. In SPP’s announcement, it said Velera’s move into the new location “underscores its adaptability to the evolving workplace landscape. With the majority of its workforce now fully remote, Velera is reconfiguring its office needs to better serve current and future clients. Additionally, Velera plans to build out a state-of-the-art client experience center, meeting spaces and executive offices.”
Fagan said, “We’re going to have a space that’s much more inviting for credit unions and our team – very structured for collaboration and engagement.”
Velera, formerly PSCU/Co-op Solutions, has been headquartered in St. Petersburg since 1977. Since the merger of PSCU/Co-op Solutions in January 2024, the combined organization has closed offices in California, Arizona and Texas.
Fagan said he’s looking forward to this next chapter in Velera's history.
“As a longtime member of the Tampa Bay business community, we look forward to leveraging the vibrancy of Water Street Tampa to enhance the experience and needs of our clients,” he said.
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
