“We’ve been thinking about building there for a long time,” says president and CEO Jim Holt. “We’re just getting closer than we have been.”
The credit union has owned the land for more than seven years.
“We’ve been needing an east-side location for quite a while,” Holt says.
“That’s why we got the property in the first place.”
Mid American owns its branch at 8404 W. Kellogg in front of Home Depot and has partnerships in branches at several other places.
Mid American would partner with other credit unions on its potential east-side space as well.
“Credit Unions are very cooperative in the way they do things,” Holt says.
He says the near future might be a good time to build for a couple of reasons.
“We think probably building costs are down now more than they would be at other times,” Holt says.
The likelihood of an economic recovery in the not-too-distant future is a reason to build now as well, he says.
“About the time it’s ready to open up, things may be better in the economy.”