EAST PROVIDENCE — It will be a return to its roots of sorts for the East Providence Community & Teachers Credit Union when the banking institution transitions from its current location on Taunton Avenue to a brand new building on South Broadway, a move which is expected to be completed in early fall of this year.
EPCTCU executives and board members gathered late last week on the construction site to view updates and to discuss the move.
“Hopefully we’re going to see some growth,” bank treasurer Joan Saunders said of the move. “This location is more convenient for our members. It’s going to allow us to offer new services. We’re going ‘big time.’ Like they say, ‘we’re moving on up.'”
On Taunton Avenue since 1988, the EPCTCU moved there from a building at 1075 South Broadway. The address for the new branch is 1169 South Broadway, which fittingly is where the Tristam Burgess Elementary School once stood. The EPCTCU purchased the long vacant property from the city last year. Construction, at a cost of roughly $1 million, began in May 2014.
The 2,800 square-foot new building, a modular structure, was designed by the EPCTCU board in conjunction with contractors North American Buildings Inc. Scott Ringland, a contractor from North Smithfield, is serving as project manager.
“We’re going back home in a way,” Ms. Saunders said of the building and its design, which had input from the bank’s 11 employees as well as its board. “We picked out the brick and the roof shape. There’s a drive thru lane and a 24-hour ATM. It will have everything we haven’t had before.”
Though no firm opening date has been determined, the EPCTCU board members and customers are eagerly anticipating the grand unveiling in the coming months.
“We’ve rented for all these years. We’ve always wanted to have a building of our own, one that we owned,” said EPCTCU board chairman of the last 13 years Barbara Geraghty. “We’re just thrilled, absolutely thrilled with this.”