Wright-Patt Credit Union plans to expand into the Columbus area by the end of 2013 by opening a new branch location and regional office in Franklin County, credit union officials said.
“It’s actually one of our most requested areas to expand into,” said Tracy Fors, the credit union’s vice president of marketing and business development.
This will be a return to the Columbus area for the Fairborn-based credit union. Wright-Patt exited two branch offices in that area around the year 2000. The credit union had gained those branches as the result of mergers prior to that, Fors said.
Plans are to open an additional three more Columbus area branches in the beginning of 2014, she said, although that number could change.
Currently Wright-Patt is scouting sites for the new offices.
The credit union is considering opportunities to build new freestanding facilities or open an in-line facility in a strip shopping mall, Fors said.
“We don’t have any plans to go in right now and buy any existing facility,” she said.
The Ohio Department of Commerce Division of Financial Institutions approved in January for Wright-Patt to expand its field of membership to Franklin County. Anyone who lives, works, worships or attends school in Franklin County can now become a member.
The Dayton area credit union was also given the OK in 2012 to expand its field of membership to all of Hamilton County.
Wright-Patt Credit Union Inc. has total assets of approximately $2.5 billion and 240,000 members. The nonprofit financial cooperative’s 25th branch office and the first one in Warren County opens in May in Springboro.
Wright-Patt Credit Union Inc.
What: Ohio’s largest nonprofit credit union with approximately 240,000 members
Where: Headquartered in Fairborn, opening a 25th branch office in May
President and Chief Executive Officer: Doug Fecher
Assets: Approximately $2.5 billion