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Alaska State Employees Federal Credit Union celebrated the ground-breaking for its new building July 11 at Vintage Business Park, next to the Mendenhall Post Office.
The new building will house the relocated administrative offices and a new Valley branch, with drive-through service and 24 hour ATM machine.
Credit union officials said the new facility is being built in response to member demand and is made possible by recent charter additions and growth.
Triplette Construction is the construction company and Jensen Yorba Lott is the architectural firm.
Alaska State Employees Federal Credit Union was chartered in 1948 as Juneau Territorial Employees FCU. Over the last few years, the credit union has grown in assets, products and services. The new administrative portion of the building will meet the growing administrative needs to continue to offer new and enhanced products and services to its members statewide.
Credit Unions are distinguishable from banks in that they are member-owned and controlled, the credit union motto being "not for profit, but for service."
Membership is open to all Juneau residents. For more information, call the administrative office at 586-4329.