Monday, June 8, 2009
Member One Plans Significant Expansion
Roanoke-based Member One Federal Credit Union facing a severe shortage of space for future growth will begin construction on a new headquarters building in Roanoke this month.
The new headquarters building will be built on land next to the existing combined Member One headquarters and downtown Roanoke branch building. When the construction is completed in summer of 2010, Member One will have a campus-like facility located on the east side of Interstate 581 in downtown Roanoke.
“We are excited and energized about this project," says Frank Carter, president and CEO. "The new headquarters building is part of our long-term growth strategy. Simply put, as we continue to grow, we are better equipped to provide our members with higher deposit rates, lower loan rates and more competitive products and services.
We reached the point where we no longer had the office space we needed to support additional products and services and the opening of new branches.”
Member One has been leasing office space for its staff in another location in Roanoke to relieve overcrowding in its current location. When construction is complete there will be two buildings at the current location almost doubling the existing space.
Members will see better traffic flow around the buildings, upgrades to the drive-thru windows, and a new drive-up ATMaway from vehicle traffic. Member One members will experience minimal interruption to services during the construction, Carter says.
The Member One branch will remain in its current location. The new building will provide additional space for support functions and a training center for employees.
Member One has selected Roanoke-based Thor Inc., General Contractors and Engineers, to serve as general contractors for the construction. Thor has agreed to use local labor and supplies whenever possible for the project. In addition, the new building will employ green building practices and sustainable design in accordance with the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) recommendations.