Jax Federal Credit Union has completed the purchase of a 5,150-square-foot building located on a 0.97-acre land parcel at 9802 Old Baymeadows Road in Jacksonville’s Southside submarket.
The transaction closed July 11, 2019. The building previously operated as a Fidelity Bank branch, which closed in April 2019. Renovations to the building are expected to begin in July, with an estimated completion and reopening as a Jax Federal Credit Union branch in October 2019.
The branch, which is centrally located between I-95 and Southside Boulevard, will be Jax Federal Credit Union’s ninth location in Northeast Florida, and the beginning of its branch expansion plan
“Since 1935, Jax Federal Credit Union has provided financial products and services designed to meet the needs of its members,” said Joe Nowland, President & CEO of Jax Federal Credit Union. “This branch will make it more convenient for our members in the Southside and surrounding area to fulfill their banking needs and achieve their financial goals.”
The branch will be staffed with nine full-time employees, as well as dedicated office space for mortgage loan officers and investment advisors to meet with members.
Joe Nowland.
