Press
Erie Federal Credit Union Selects Momentum as its Design-Build Partner for New Headquarters Facility, Project to Add Millions of Dollars and New Jobs to Local Economy
ERIE, PA (August 15, 2013) — Today, Erie Federal Credit Union (Erie FCU) announced the selection of Momentum as its partner for the design and construction of its new headquarters facility. Erie FCU plans to invest approximately $8 Million in the new facility, the majority of which will go back into the Erie economy through the use of local subcontractors on the project. The facility will be located on the site of the former Glenwood Elementary School at 3503 Peach Street, a property Erie FCU purchased in February 2013 and expected to be completed in late 2014.
“This is the most significant investment Erie Federal Credit Union has ever made, and it is a reflection of our continued commitment to our members, our staff, and the Erie community” said Mary Beth Wilcher, Erie FCU’s Chief Executive Officer. “We are excited to have selected a partner with such a strong history of helping credit unions develop successful facilities strategies, and who also shares our commitment to building a stronger local economy” she said.
Erie FCU purchased the former Glenwood School in February 2013 for $1.17 Million, generating additional tax revenue for the Erie School District, Erie County, and the City of Erie. The 1.8-acre property will become the new home for all of the credit union’s administrative functions, and will also include a full service branch. “Our vision is to create an operations and corporate center that enhances Erie FCU’s visibility as a community focused financial leader. We plan to achieve this by providing world-class workspace that will attract and house the right employees with the skills and expertise to support our new growth initiatives and better serve our current members” Wilcher added.
Erie FCU has not yet determined if the existing school structure will be retro-fitted or razed, but will be working with Momentum to weigh its options and determine the most effective, cost-efficient and environmentally friendly way to proceed. “We are proud of our deep roots in Erie,” said Wilcher. “And now we will be giving back by using as many local subcontractors and others as we can to build a headquarters that represents Erie FCU’s growth in the community.”
Momentum will manage the project out of its Pittsburgh office and will work closely with Erie FCU’s Facilities Task Force on the development of a preferred vendor list that will be primarily comprised of Erie based businesses. “We are excited about the opportunity to serve as a partner to Erie FCU on such a significant project for the credit union and the community at large” said Bob Saunders, EVP of Construction Services for Momentum. “Erie FCU’s leadership has a clear vision for the future and we’re looking forward to helping them make it a reality” he added.
About Erie Federal Credit Union
Since its inception in 1936, Erie Federal Credit Union has been serving its members in and around the Erie, Pennsylvania area with exceptional financial products. Currently led by Mary Beth Wilcher, the Erie FCU has grown its membership to over 45,364 with assets of more than $381,047,352. They have 110 full time employees and 7 part time employees with a corporate office and 7 branch offices.
As a full-service, federally insured credit union, anyone that lives, works, worships, or attends school in Erie or Crawford County, PA may be eligible to join. For details, visit Erie FCU’s website at www.eriefcu.org or call Mary Beth Wilcher, CEO at 814-825-2436.
About Momentum
Momentum is a full-service strategic planning, design-build firm with offices in Seattle and Pittsburgh. Momentum has done extensive work with credit unions throughout the country, including strategic planning, market research, operations center design and construction and retail branch design and construction. In the last eight years, the company has completed more than 300,000 square feet of headquarters/operations space and more than 100,000 square feet of retail branch space for credit union clients. Through this work, Momentum has distinguished itself as a leader in helping credit unions develop successful facilities strategies and higher levels of organizational performance.
For more information, visit www.momentumbuilds.com or call Bob Saunders, EVP at (206) 267-1900.