United Federal Credit Union Plans to Expand Headquarters Spurred by Growth Projection

ST. JOSEPH, Mich., Oct. 31, 2011 /PRNewswire/ -- On pace to double its asset base twice in the next decade, and add 500 jobs by 2020, United Federal Credit Union (UFCU) today announced plans to expand its headquarters to accommodate its growing workforce.  UFCU formally issued an RFP for the project today with the intention to complete the expansion over the next two years.

UFCU's plans to expand its headquarters underscore the institution's steady growth in recent years.  UFCU, which planted its roots in Berrien Country in 1949, began as a branch within the walls of Whirlpool Corporation and has now evolved into a global company.  The institution, which now manages assets in excess of $1.3 billion, has seen its Member base grow approximately five percent in the past year.  The larger headquarters will enable the company to streamline business functions, consolidate operations, and comfortably accommodate current staff, as well as the more than 500 new hires it plans to add by 2020.

"We value our Midwestern roots and our history here in Berrien County," said Gary Easterling, President/CEO of UFCU.  "It is our intention to investigate all Michiana-area options while we select the best site for creating the next generation of service for our Members. As always, our goal continues to be delivering enhanced value to our Members in our communities across the United States and around the world."

The move will have no impact on the institution's branch network or Member service.  UFCU plans to continue branch operations in all its current markets and locations, including the branch in St. Joseph, Mich.

UFCU currently ranks in the top two percent of all U.S. credit unions by asset size.  The institution has more than 105,000 Members spread across the United States, as well as 34 different countries.  In addition, UFCU has experienced significant progress through successful mergers and acquisitions.  In July 2011, it agreed in principle to purchase nearly all the assets and assume the deposits of Griffith Savings Bank, at the time an $88.5-million institution.

For more information on the planned expansion please go to https://www.unitedfcu.com/HQ_Announcement_Oct_2011

About United Federal Credit Union
United Federal Credit Union has served its Members since 1949 by helping them to build a sound financial future.  UFCU consists of more than 105,000 Member/owners worldwide, and manages assets in excess of $1.3 billion.  Its corporate offices and main branch are located in St. Joseph, Michigan, with additional branches in Arkansas, Michigan, North Carolina, Nevada and Ohio.  For more information about United Federal Credit Union, please call toll-free at 1-888-982-1400, or visit the credit union's web site at www.unitedfcu.com.

SOURCE United Federal Credit Union

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