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PSECU pushes back move into new building

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PSECU held a dedication of its new Susquehanna Township building last month, but won’t be able to get moved in fully until January, company officials said Friday.
PSECU held a dedication of its new Susquehanna Township building last month, but won’t be able to get moved in fully until January, company officials said Friday. - (Photo / Submitted)

Officials from the Pennsylvania State Employees Credit Union said Friday the company will move into its new headquarters in January instead of this month.

The credit union previously planned on moving its nearly 600 employees to the 235,000-square-foot building on Elmerton Road in Susquehanna Township by the end of November.

However, credit union officials said the project — which they said in September already was behind schedule slightly — hit a snag with its systems integrations, forcing a later move-in date.

PSECU spokesman Nathan Muniz said the credit union didn't want the move to interfere with the upcoming holiday season for employees or for members.

"(We) wanted to make sure that the transition from our current headquarters to the new one was seamless," he said.

Now the move will be in two phases, Muniz said. The first phase is expected to take place during the third weekend in January, with the second phase the next weekend, he said.

The $74 million building, under construction since October 2011, will replace the current 180,000-square-foot headquarters on Cameron Street and Elmerton Avenue about a mile away.

The credit union held a dedication for the new building Oct. 29. It will allow for the credit union's expansion and is built as an environmentally friendly building with smart lighting, a natural-gas-powered cogeneration system, reserved parking for bicycles and fuel-efficient vehicles and a rooftop garden.

"We're extremely excited to be moving into a building that we think will give us the ability to continue to grow and also provide better member service," PSECU CEO Gregory A. Smith said. "This project was very carefully planned over a long period of time and we look forward to finally being able to move forward after its completion."

PSECU has more than 400,000 members and manages more than $4.25 billion in assets.

Michael Sadowski

Michael Sadowski

Mike Sadowski covers Lebanon County, banking and finance, law and the legal community, and technology. Have a tip or question for him? Email him at michaels@cpbj.com. Follow him on Twitter, @MikeCPBJ. Circle Michael Sadowski on .

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