This is an architect’s drawing of the new Norstar Federal Credit Union building. Plans are to begin construction as soon as weather permits with a targeted completion date the end of this year.
Norstar Plans New Building
A long-held dream will soon become reality.
The Norstar Federal Credit Union purchased land over 20 years ago with the idea of some day expanding or putting up a new building. That day has come.
Plans are to begin construction as soon as weather allows on a new 4,800 square foot structure at 515 Vander Horck Avenue just north of the existing building, which is for sale. Hopes are that the building will be complete by the end of the year. Norstar President and CEO Jane Duerre said continued growth of the credit union prompted the building project.
“We’ve grown by about 1,000 members in the past 10 years and have outgrown our current offices,” said Duerre. “The new building will allow us to add to our staff to better serve our ever-growing membership and to continue to give our members the exceptional member experience they deserve.”
Britton Mayor Clyde Fredrickson said the building plans are one more indicator that Britton is a growing community.
“This is a sign of a healthy community when one of its major institutions is willing to invest in this type of project,” Fredrickson said. “It shows the community that they are willing to modernize to keep the business and they plan to be around for the future. Other banks have come and gone, and this investment proves they want to be a part of the future of the area community. It is important that a business invests in itself or it falls behind. Congratulations on this difficult decision. Thank you for investing in your future, our future.”
The new one-story building will be right on Highway 10 for better exposure to potential members and easy access and more parking for the existing membership. There will be two lanes of drive-through service with ATM and nightdrop, compared to the present single lane. The drive-through will also feature a higher awning to accommodate truck traffic.
The 4,800 square feet of space will offer much needed office space with a total of eight offices and four inside teller stations. There will also be more storage space and a conference room for board meetings. Parking areas will be larger with customer parking on the front and side of the building.
“Additional space will give us more room to offer separate and private areas for safety deposit boxes,” noted Duerre. “New office space will also provide more privacy for customers, along with many new security options in place.”
The credit union has grown to 2,700 members in four counties and Norstar’s assets have grown to over $43 million.
“We have had a lot of people gravitate here in the past few years because they want to deal with local decision-making and lower fees on loans and better rates on deposits,” said Duerre. “The credit union is member-owned and anyone who lives, works, attends school, or worships in Marshall, Day, East Brown County, and Sargent County, ND, can become a member.”
Norstar Credit Union, which began serving Britton in 1942, is a full-service financial institution that provides all the latest technology and products with free online banking, bill pay, mobile app, and mobile deposits.
Duerre is excited to have a new facility to better serve customers.
“We’re one of the strongest credit unions of our size, and because we are healthy, it allows us to build this new building that will be more spacious and convenient to serve our members,” said Kurtis Larson, Board Chairman. “It also provides us more opportunities for the credit union to grow.”