3Rivers to add new branch

July 5th, 2016

News Coverage:

Journal Gazette

July 1, 2016

3Rivers to add new branch

East State location planned; offices in Krogers to close

Lisa Green | Journal Gazette

3Rivers Federal Credit Union said Thursday it will spend $1.7 million and construct a new branch in the East State Village area.

The 2,800-square-foot, freestanding branch will be at the southwest corner of East State Boulevard and Crescent Avenue, the credit union said in a news release.

Groundbreaking is expected this summer, with a branch opening planned early next year.

“This is the ideal location to complement our 14 other full service, stand-alone branches, and it will fill the gap left by the closure of our limited service grocery store branches,” Don Cates, 3Rivers president and CEO, said in a statement.

The new East State Village branch will offer full-service banking including mortgage, business, and investment services in a central location currently underserved in financial services, the credit union said. Plans include three drive-thru lanes and a stand-alone ATM.

The credit union said it is also notifying members of plans to phase out the remaining three grocery store branches by the end of 2016, as leases expire. The affected branches include the in-store Kroger branches located at West State Plaza, North Clinton at Coliseum Boulevard, and Georgetown Square. No jobs will be lost in the transition, the news release said.

The free standing ATM in the West State Plaza parking lot will remain in service.

3Rivers established its grocery store branches in 1999, as a convenience for shoppers.

“As an increasing number of the credit union’s members have adopted mobile and online banking, the number of in-store transactions has declined significantly at these limited service branches, no longer fulfilling the credit union’s mission as a financial organization,” the credit union said.

At the end of the transition, 3Rivers will have 15 branches.