New bank in Valley

Posted: Monday, April 26, 2004

JUNEAU - The True North Federal Credit Union opened its new building in the Mendenhall Valley Friday, providing a new outlet for its 4,000 members to do their banking.

The credit union, which was formerly known as the Alaska State Employees Federal Credit Union, was founded in 1948. It began accepting all Juneau residents as members two years ago.

The 15,500-square-foot building cost the credit union $2.5 million. It is the first building the credit union has built specifically for its operations.

The credit union's downtown branch will remain open, but its administrative offices will move from an office near the Juneau-Douglas bridge to the new building, said Nicole Harman, marketing manager for the credit union.

The new location features two drive-through banking lanes that will be open from 9 a.m. to 6 p.m. Monday through Saturday. One drive-up ATM will be in operation 24-hours per day.

The banks' lobby will be open from 10 a.m. to 5:30 p.m. Monday through Saturday.

Employees and customers celebrated the grand opening of the 15,500-square-foot building Saturday. It cost about $2.5 million.

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