New Lake Trust Credit Union branch opens on Ann Arbor's west side
Construction is complete at the new Lake Trust Credit Union branch on West Stadium in Ann Arbor and the credit union plans to celebrate its grand opening Feb. 28.
Lake Trust relocated its branch at 2350 W. Stadium to this site, which is situated on the corner of West Stadium and West Liberty. The credit union purchased the property from Calvert & Lasalle LLC of Farmington Hills.
After demolishing the former Fidelity Bank building, Lake Trust constructed a 3,686-square-foot full-service branch with three drive-through lanes and one drive-up ATM.
The 12 employees from the old West Stadium location have been moved to the new facility.
“We’re hoping to be more convenient for our members and hopefully attract new members as well,” said vice president of marketing, Danielle Brehmer, in a statement.
The Lansing-based credit union formed in 2010 out of a merger that included the former Detroit Edison Credit Union and NuUnion Credit Union.
There is one other Lake Trust Credit Union location in Ann Arbor on Packard Street. There are 21 branches in Michigan.
John Fricke of Signature Associates is marketing the former Lake Trust Credit Union location on West Stadium. The 26,284-square-foot building on a 3-acre site is listed for sale for $2.45 million.
Fricke is marketing it as a "prime site or building redevelopment opportunity on highly desirable Stadium Boulevard."
Lizzy Alfs is a business reporter for AnnArbor.com. Reach her at 734-623-2584 or email her at firstname.lastname@example.org. Follow her on Twitter at http://twitter.com/lizzyalfs.
Wed, Feb 15, 2012 : 3:07 p.m.
I love my credit union, but am not sure having to make my way out of the corner of Stadium and Liberty is going to be "more convenient" that their old location.
Wed, Feb 15, 2012 : 11:24 p.m.
For those of us who have been shopping at the nearby Greenback Dollar Store, it's usually not that difficult to turn west onto Liberty. We use the driveway off Liberty further to the east, further away from the Stadium-Liberty intersection. I can even turn left onto Liberty, and then right onto Burwood without waiting for much traffic to clear on Liberty.
Wed, Feb 15, 2012 : 4:31 p.m.
Clownfish, Leaving the new Lake Trust location onto Liberty Street to head west (which most will do) is a difficult move (it might be marginally easier to use the east exit from that lot instead of the west exit). Getting to the new location will be easier for those coming from the east, west or south and harder if you're coming from the north. -Kent
Wed, Feb 15, 2012 : 1:59 p.m.
While I am not a member of this particular credit union, I am a member of a different local one. You are correct ... the customer service is superb in credit unions. I only give my business to a bank when circumstances force me to. Banks put ridiculous fees on everything. They are in business to make money for themselves. Credit unions are in business to make money for their members. Seems like a no-brainer to me.
Wed, Feb 15, 2012 : 1:18 p.m.
I love this credit union - we have been a member for about five years and they have the greatest customer service - I almost feel like I have gone back in time when you walked into the bank and they knew you and you knew them. The Chelsea office totally rocks!