Members 1st eyes move of HQ
Hoping to bring its corporate staff under one roof, Members 1st Federal Credit Union has identified a roughly 23-acre property in Hampden Township that could house its next headquarters.
For now, the credit union is only exploring a move, said Mike Wilson, chief marketing and chief relationship officer for Members 1st, which is based in the Rossmoyne Business Center in Lower Allen Township.
However, some of the wheels already are in motion.
Members 1st is expected to close Friday on the sale of two of four buildings it occupies in Rossmoyne: 4999 Louise Drive and 5053 Ritter Road.
Terms of the deal were not disclosed but Wilson said the plan is for Members 1st to lease back portions of both buildings until a new headquarters can be built.
The target site for the new headquarters is on the east side of Interstate 81, off Valley Road behind Giant Food Stores in the Hampden Marketplace.
"We are excited about this potential, as our roots began in Cumberland County and we want to remain a great community partner," Wilson said.
Wilson said the credit union has been looking over the last few months to sell all four of its Rossmoyne buildings, which are scattered around the business park and total 120,000 square feet.
"This is neither efficient, nor conducive to a collaborative organization with nearly 500 associates who work out of our headquarters each day," Wilson said.
Wilson said it's too early to say how much space the credit union might need if it moves to Hampden Township.
"We are in the very early stages of the project as we continue to do our due diligence and to ensure the site will meet our needs for the future," he said.
Members 1st has more than 400,000 members and about 60 branches in seven counties. It has assets of $4.1 billion, making it one of the state's largest credit unions.
Members 1st hopes the sale of its four current buildings will offset most, if not all, of the costs needed to build one new facility.
"We are mindful of member dollars, and maintaining all of the costs associated with four separate buildings is simply not the best use of resources in the long run," Wilson said.
Editor's note: This story has been modified from its original version to give the correct address for the Members 1st building on Ritter Drive.