ARC plans expansion
ARC Federal Credit Union plans to begin construction of an addition to its 1919 Seventh Ave. branch before the end of the year.
The project will include a two-story addition, adding about 7,500 square feet of floor space, that will provide a new boardroom, elevator access to all floors, training rooms, an IT room, an employee break room, an expanded lobby with a seating area and room for future growth.
The project also will include renovations to the interior of the existing building to allow for increased efficiency of the space and to meet ADA standards.
“The need to expand our facilities is a result of our growing membership and their loyalty to ARC,” CEO Victor Gioiosa Jr. said in a statement. “This marks the beginning of the next chapter in our long history of providing financial services to our community.”
ARC has been providing financial services to its members in Altoona and the surrounding community since 1956. The credit union has grown to serve more than 12,000 members and holds assets exceeding
$80 million. This continued growth of the credit union, an expanding product and service offering, which now includes business lending, and an ever-increasing need to meet compliance demands have necessitated the need to expand its facilities.
McCloskey Builders Inc., the project’s general contractor, expects to complete the construction and renovation by the summer of 2018. The Seventh Avenue branch location will remain accessible to its members throughout the project. Members also can use the branch at 419 N. Seventh St. in Juniata to avoid any inconveniences during construction.
“It’s an exciting time for ARC,” Matt McConville, ARC chairman, said in a statement. “I am proud to personally witness and experience the growth of ARC over its 61-year history, growing from its humble beginnings in the basement of Sacred Heart Church into one of the largest credit unions in our area.”