Heard on the Street: Credit union to build new northwest branch

We are part of The Trust Project.

Altra Federal Credit Unionhopes to break ground on a new northwest branch yet this fall.

The La Crosse, Wis.-based credit union plans to build a 7,400-square-foot branch office on the open southwest corner at West Circle Drive and 19th Street Northwest. Altra already has a Rochester branch at 123 16th Ave. SW.

Cheryl Dutton, Altra's vice president of marketing, says the credit union owns two potential branch sites — the one on 19th Street and one on 55th Street Northwest. Altra purchased the West Circle/19th Street land for $1.35 million in August 2016 and the 55th Street parcel for $1.25 million in December 2015.

"We decided to build on the 19th Street site first because it's the bigger piece and it allows us to build a bigger office," she said.

Dutton says that means Altra will be able to staff the branch with full business and mortgage lending teams as well as retail branch employees. They expect there will be 10 to 12 employees working at the branch.


"That 19th Street and West Circle area has high traffic, retail growth and expected residential growth. It's a good spot for us," she said.

The hope is to break ground yet this fall and open the branch in the fall of 2018. Branch manager Brittany Johnson, Altra's Rochester market manager, will be based at the West Circle Street office.

The new branch will include a drive-through and a new "smart" automatic teller machine, which will offer more services than a standard ATM. The branch also will feature a large public meeting room for Altra to host financial education seminars.

This new spot will put Altra in the mix of what's becoming Rochester's financial district. Home Federal Savings Bank, Associated Bank, West Bank and US Bankhave branches on or near that intersection. Think Mutual Bank and Olmsted National Bankalso have major branches within a few miles of the intersection.

What to read next
The largest U.S. home infusion pharmacy firm with locations in every state recently added Rochester Home Infusion to its team.
For decades, the drug industry has yelled bloody murder each time Congress considered a regulatory measure that threatened its profits. But the hyperbole reached a new pitch in recent weeks as the Senate moved to adopt modest drug pricing negotiation measures in the Inflation Reduction Act.
Sanford Health’s Program for Addiction Recovery provided Tanner Lene a way to connect to a heritage he’d left largely unexplored, as he began to learn Ojibwe and join classes taught by elders and knowledge keepers on traditional medicines and art.
"Minding Our Elders" columnist Carol Bradley Bursack says distance makes keeping track of your parents' health harder, but barring dementia, they get to choose where they live.