A very different CU construction project

At its newest branch downtown here, cPort Credit Union features something unlike any other CU branch in the country–a luxury, $2-million condominium that occupies the two floors above it.

It may be one of the most unique CU construction projects ever, acknowledged CEO Gene Ardito, whose credit union not only built the two-story branch from the ground up, but decided to construct the condo on top of it.

“Yes, maybe you’ve never seen a credit union do this before,” said Ardito. “And the reason is a credit unions normally would not do this. But the situations we faced as we planned for construction of our office made this the right move.”

Ardito said the $218-million credit union never imagined it would be building a condo when it bought the land four years ago.


continue reading »