• December 19, 2014

Austin credit union expanding to Heights

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Posted: Tuesday, February 25, 2014 4:30 am

HARKER HEIGHTS — One of Austin’s largest credit unions will build a new branch in Harker Heights next year.

A+ Federal Credit Union — an Austin-based financial institution for educators, students and school district staff members — purchased land next to Sam’s Club on Central Texas Expressway and Memory Lane and plans to have a facility built by 2015.

“Currently, we have a branch footprint that spreads from Georgetown to San Marcos, north and south, and from Bastrop to Cedar Park, east to west,” said Dennis Loftis, A+ Federal Credit Union’s executive vice president.

“We are always looking for the opportunity to move in where we see great potential.”

A+ Federal Credit Union has between 800 and 900 members within a six-mile radius of the future Harker Heights “flagship” location, Loftis said. “It is quite a few for an area where we don’t have a branch. We are looking forward to directly serving those folks and cutting down their commutes.”

Seeking a growing community

Locating in Bell County also gives the credit union a chance to grow its membership in a growing community, Loftis said.

Eric Dejernett, senior vice president of CBRE Austin, the credit union’s broker, said Harker Heights is a great location due to its close proximity to economic engines such as Seton Medical Center Harker Heights, Sam’s Club and Market Heights.

With the rapid growth in the area, A+ Federal Credit Union wanted to purchase the space with highway frontage before it went to another business, Dejernett said.

“The property is going pretty quickly in parts of Killeen-Harker Heights, and we saw an opportunity to get it,” Loftis said.

Completion expected in 2015

After it is completed in late 2015, the credit union will be a full-service financial operation with a 8,000- to 10,000-square-foot two-story floor plan. Another 2.5 acres unneeded by the credit union is for sale as pad sites.

“They had to buy more than they really wanted and what we will be looking for is complimentary uses,” Dejernett said.

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