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BluCurrent Credit Union is working toward a first-quarter 2019 opening for a branch at 3216 S. Glenstone Ave.
Rendering provided by Buxton Kubik Dodd Design Collective
BluCurrent Credit Union is working toward a first-quarter 2019 opening for a branch at 3216 S. Glenstone Ave.

BluCurrent to open new branch on South Glenstone

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BluCurrent Credit Union is planning a first-quarter 2019 opening for a new branch on South Glenstone Avenue.

Craig Tabor, the credit union’s president and CEO, said design plans are making their way through the city now with the aim of starting construction in 60-90 days. He said Base Construction & Management LLC expects the project to be completed in six months after breaking ground for an opening in February or March next year.

Buxton Kubik Dodd Design Collective is the architect for the project at 3216 S. Glenstone Ave., on vacant land adjacent to a Central Bank branch and a Hampton Inn hotel. The site is across the street from Corwin Ford of Springfield. Tabor said BluCurrent entered a build-to-suit, land-lease agreement with property owner Kendall Combs for the roughly 2,500-square-foot planned branch.

“We are hoping and expecting to get some growth off of this location,” Tabor said. “The strategic plan is calling for growth.”

Construction is estimated at $500,000, Tabor said, noting the figure does not include land or site work costs.

Tabor added the branch would bring business back to Glenstone Avenue. The credit union sold a location near Glenstone Avenue and Seminole Street around five years ago.

BluCurrent isn’t stopping on Glenstone Avenue.

Tabor said the credit union purchased property at the northeast corner of Campbell Avenue and Weaver Road for a new operations center and possible branch. BluCurrent’s operations are currently housed next to the credit union’s 1770 W. Sunset St. branch, Tabor said, noting space is limited for staff.

“It’s amazing how quickly we have done that. We’ve done that in seven years,” he said. “We thought we had space for quite a while.”

Tabor said the new operations center likely would take two or three years to come to fruition. Within five years, BluCurrent plans to open one or two more branches, he said. The Glenstone Avenue branch would make four locations for BluCurrent.

BluCurrent ranked first on Springfield Business Journal’s list this year of the area’s largest credit unions. The company reported 2017 assets of $178 million, deposits of $159.2 million, loans of $155.4 million and 21,790 members. Its member count more than doubled that of Assemblies of God Credit Union, which ranked second on the list published in April.

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