Greenville Federal Credit Union announced April 1 that it plans to build a new branch in upstate South Carolina – its first branch expansion in 19 years.

Greenville FCU ($494.6 million in assets, 35,065 members) said it expects to open the branch in 2027 in Berea, five miles northwest of its headquarters in Greenville.

The Cedar Lane Road branch will have drive-thru lanes, ATMs with cash deposit, a coin counting machine, safe deposit boxes, a complimentary coffee bar and multiple private offices offering spaces for financial consultation.

A rendering of the branch Greenville FCU plans to open next year in upstate South Carolina. (Credit/Greenville FCU)

"Selecting Berea for the credit union's first branch expansion in 19 years came with careful consideration. Foremost, there are currently no credit unions centrally located in Berea," the credit union's news release said.

The credit union said it expects the project will beautify a section of Cedar Lane Road, and improve stormwater management and sidewalks.
The new Berea location will complement the credit union's four established standalone branches in the area and its two student-run branches at Greer and Greenville High Schools.

In other branch news:

  • 7 17 Credit Union of Warren, Ohio ($2 billion in assets, 124,410 members) opened a branch April 6 in Akron – its first in Summit County. President/CEO John Demmler said the Wallhaven Branch at 1 North Hawkins Ave. in Akron is also 7 17's first in a new market in eight years. "This represents kind of a rebirth for 7 17 as we grow our footprint into the Akron Market and support the greater Akron community." NCUA data showed 7 17 had 14 branches and other offices Dec. 31, unchanged from a year earlier.
  • American Southwest Credit Union of Sierra Vista, Ariz. ($427.2 million in assets, 33,396 members) opened a branch Monday in Thatcher, Ariz., which is 120 miles north of Sierra Vista on the Mexican border. President/CEO Jay Williamson told CU Times the credit union began working in the town in 2020 because no other financial institution would process federal Paycheck Protection Program loans to businesses to protect jobs during the recession. Two years ago, it opened a temporary branch in an old home downtown, which the new branch replaces. It had seven branches Dec. 31, unchanged from a year earlier.
  • Eastman Credit Union of Kingsport, Tenn. ($9.9 billion in assets, 355,885 members) broke ground April 2 for a new branch in Morristown, 60 miles southwest of Kingsport. The branch, which it said it expects to open late this year, will be its first in Hamblen County. "We are thrilled to join the Morristown community," President/CEO Kelly Price said.We have a lot of members in the area, and we're eager to bring services closer to those members as well as share ECU's extraordinary difference with those who are not familiar with us." It had 30 branches Dec. 3, one fewer than a year earlier.
  • Allegacy Federal Credit Union in March began building a new branch in Hickory, 70 miles southwest of Winston-Salem and 60 miles northwest of Charlotte. The branch at 224 U.S. 321 is expected to open in July.
  • United Federal Credit Union of St. Joseph, Mich. ($4.2 billion in assets, 190,227 members) told CU Times April 10 that it closed one of its branches in St. Joseph in March. It had 45 branches Dec. 31, down one from the third quarter.
Contact Jim DuPlessis at Jim.DuPlessis@arc-network.com.

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