Chartway Federal Credit Union announced Tuesday it will open two new branches this summer in its Virginia Beach, Va., hometown and near Salt Lake City.
The Town Center branch will open in Virginia Beach July 9, and a branch will open July 21 in Herriman, Utah, 23 miles southwest of Salt Lake City. Two other branches in Virginia Beach and Utah are undergoing renovations this year.
NCUA data showed Chartway ($3.2 billion in assets, 265,212 members) had 42 branches and other offices Dec. 31, unchanged from a year earlier. The credit union was founded in 1959 to serve the Navy Air Station in Virginia Beach, and later expanded to Texas and Utah through mergers.
"Growth for Chartway has always been about more than physical expansion. It's about showing up for our members and communities in meaningful ways like putting families in homes and cars, creating pathways for young people to thrive financially, and helping small businesses grow," President/CEO Brian Schools said.
"By opening new, modern branches in thriving communities like Virginia Beach and Herriman, we're reinforcing our promise to meet people where they are and provide financial solutions that support every stage of life," Schools said.
- CoVantage Credit Union of Antigo, Wis. ($4.1 billion in assets, 183,625 members) said it plans to open a new branch June 15 in Kaukauna, Wis., 92 miles southeast of its headquarters in Antigo, Wis., and 22 miles southwest of Green Bay, Wis. CoVantage had 23 branches Dec. 31, two more than a year earlier.
- Travis Credit Union of Vacaville, Calif. ($5.5 billion in assets, 267,708 members) announced May 21 that it has opened a branch in Pinole, Calif., 38 miles southwest of Vacaville, which is 38 miles southwest of Sacramento. It had 24 branches Dec. 31, unchanged from a year earlier.
- Royal Credit Union of Eau Claire, Wis. ($5.8 billion in assets, 321,219 members) announced May 11 it had begun building a new branch in Hudson, Wis., just east of Minneapolis and 70 miles west of Eau Claire. When it opens later this year, it will replace its existing Hudson branch a little more than a mile away. Royal has had a branch in Hudson since 2014. It had 57 branches Dec. 31, unchanged from a year earlier.
- Space Coast Credit Union of Melbourne, Fla. ($9.1 billion in assets, 699,155 members) opened a new branch May 11 in Miami Gardens, 170 miles south of Melbourne. Space Coast had 70 branches Dec. 31, three more than a year earlier. The Miami Gardens location marked its newest South Florida expansion, and second Miami Gardens location, as the credit union continues growing its regional footprint with more than 30 branches from Boca Raton through Miami-Dade County, where it has 152,000 members.
- Workers Federal Credit Union of Littleton, Mass. ($2.5 billion in assets, 119,582 members) announced May 18 that it will build a branch in Lowell, 26 miles northwest of Boston and 15 miles northeast of Littleton.
Mike Dubuque, chief of growth initiatives, said Workers is making a long term commitment to Lowell, where he grew up and serves on several nonprofit boards.
"This new branch is about planting deeper roots and showing up for our members, our neighbors, local businesses and the community organizations that make this city great," Dubuque said.
Contact Jim DuPlessis at Jim.DuPlessis@arc-network.com.
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