AU FEDERAL CREDIT UNION TO CHANGE LOCATIONS

The Auburn University Federal Credit Union is selling its building to Auburn University and will break ground this fall for a new building at the northwest corner of South Donahue Drive and East University Drive. AU’s Board of Trustees on April 27 approved the purchase of the credit union’s building on West Magnolia Avenue for $875,000.

“The [credit union] board of directors is pleased to announce this move as it will greatly improve accessibility for our members and will enable the credit union to implement long-term strategic plans for member service and enhanced products and programs,” said Joe Morgan, credit union board chairman.

The new location will accommodate a building nearly twice the size of the existing credit union facility, which was built in 1994. Expected to be completed by January 2009, the plans call for a 16,000-square-foot, two-story structure with more drive-up lanes than at its existing one-acre lot. The new lot will cover 3.62 acres to provide for additional parking and for growth of the credit union’s business.

“We are excited about the move to a much better location,” said Henry Armstrong, credit union president and chief executive officer. “We feel very good about it and about our relationship with the university.”

Auburn University will use the existing credit union building for administrative purposes for 10-15 years, until the university expands along West Magnolia Avenue. “We will renovate it after the new credit union building opens and we plan to occupy it by summer 2009,” said John Mouton, senior advisor to the president in the Office of Campus Planning.

The credit union will maintain full service operations at its current location until the new facility is complete.

For more information on the AU Federal Credit Union, visit www.aufcu.com.