Goldenwest announces corporate campus expansion plans

WASHINGTON TERRACE, UT (December 12, 2013) — Goldenwest Credit Union has announced plans to expand its corporate campus by adding a second facility that will be located in Washington Terrace City. Goldenwest purchased the vacated building that originally housed the Family Fresh Foods grocery store at 5167 South Adams Avenue.

“Goldenwest Credit Union is a good corporate neighbor that currently serves many of our citizens and supports our community,” announced Mayor Mark Allen. “We are pleased to welcome Goldenwest to our city.”

The Goldenwest executive team has worked closely with Mayor Allen and City Manager Tom Hanson to ensure the campus expansion will be a win-win for both the credit union and the city.

“Our economic development plan includes finding reputable business partners that share similar values as our citizens,” added Hanson. “Goldenwest fits our business-partner model as a respected organization with a commitment to enhancing our community and bringing jobs with sustainable wages.”

The facility, known as Goldenwest Building 2, will eventually become the primary workspace for up to 175 employees in support departments including information technology, accounting, operations and call center services. The Goldenwest Corporate Office, located about one block north at 5025 South Adams Avenue in South Ogden, will continue to house the credit union’s member-facing platforms including a retail branch, mortgage lending, commercial services, and insurance.

“We are excited to expand our corporate campus in southern Weber County,” said Kerry H. Wahlen, Goldenwest President/CEO. “We appreciate the support we have received from Mayor Allen, City Manager Tom Hanson and the city council members in this venture. Goldenwest Building 2 represents a significant investment in Washington Terrace City, and will contribute to our long-term success by better enabling us to meet the needs of our members.”

In the year 2000, Goldenwest moved their corporate headquarters from downtown Ogden to a new building on Adams Avenue in South Ogden. Since that time Goldenwest has tripled in both asset size and membership, more than doubled the number of branch locations, and expanded its product line of mortgage, commercial and insurance services. The 77 year-old credit union recently exceeded $1 billion in assets for the first time, in-part due to a merger with Logan-based USU Credit Union.

“Our Board of Directors worked closely with President Wahlen to study options that provided the amenities we need to support our growing membership base, branch network and technology-based initiatives,” stated Bill Hart, Goldenwest Chairman of the Board. “We believe that keeping our corporate campus in the South Ogden-Washington Terrace vicinity will allow us to expand our infrastructure in a cost effective manner that is suitable to both our employees and members.”

About Goldenwest Credit Union

Founded in 1936 in Ogden, Utah, Goldenwest Credit Union serves more than 97,000 members, holds
$1 billion in assets, and operates 26 branches throughout Utah with offices in Weber, Morgan, Davis, Salt Lake, Utah, Box Elder, Cache and Washington Counties.

About Washington Terrace City

Established in the 1940s and incorporated in 1958, Washington Terrace City is located in Northern Utah and is home to 9,200 residents. The city covers approximately four-square miles in southern Weber County. Washington Terrace City is home to four public schools and a number of businesses, including Ogden Regional Medical Center.

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