First Commonwealth Breaks Ground on New Corporate Headquarters
Bethlehem, PA – May 15, 2019 – First Commonwealth Federal Credit Union officially broke ground on their new corporate headquarters in Lower Macungie Township on Tuesday, starting construction on a new 81,000-square-foot mixed-use building and an adjacent 5,000-square-foot financial center.
The top two floors of the larger building will be occupied by First Commonwealth, with leased retail and office space available on the first floor. The new building will consolidate the credit union’s two existing headquarters locations, bringing together back office, support departments and Contact Center staff that are currently split between offices on Brodhead Road in Hanover Township and Union Boulevard in Allentown. The new headquarters will initially house 120 employees but is being built with ample room for growth. “We are thrilled to be in the process of building a new headquarters to allow us to centralize our operations and support teams and ensure greater efficiency and effectiveness in meeting our members’ needs,” said Donna LoStocco, Chief Executive Officer of First Commonweath.
The search for more headquarters space began over two years ago, according to John Miller, Chief Operating Officer and the executive overseeing this project. Since 2017, First Commonwealth has been expanding its retail presence throughout the Greater Lehigh Valley and surrounding communities, opening four locations in its new, award-winning social banking model which features financial wellness centers and Interactive Transaction Machines – ATMS that connect members with friendly Member Experience Associates via video. “We knew that we needed more space to support the next generation of our growth. We also knew that the new location had to offer an open and collaborative environment, that it must be attractive to the next generation of worker and support a new retail location to enhance the First Commonwealth brand. After careful consideration of many available sites in the Lehigh Valley, we chose this site because of how it addresses all the factors. This area supports the type of live-work-play environment that will help us be an employer of choice in the future,” said Miller.
Retail staff will continue to operate out of First Commonwealths conveniently located financial centers, and the second floor of the new Trexlertown Financial Center will feature their investment services team. First Commonwealth is opening its Emmaus Financial Center this month and plans on opening an additional location in Whitehall later this year. The Trexlertown Financial Center, set to open in spring 2020, will be the 10th financial center location. “As we continue to add new locations and plan for our new headquarters, our focus is on making banking simpler and more accessible for those who need it most,” added LoStocco.
First Commonwealth obtained all approvals from Lower Macungie Township in December. Sitework for the project has started and is being managed by Boyle Construction. The design is being overseen by MKSD Architects from Allentown. Additional project partners include HB Engineers, Newton Engineering and Jaindl Land Development Co. Construction is expected to be complete by spring 2020.
First Commonwealth, based in Bethlehem, PA, is a leader in banking innovation and the largest credit union in the Greater Lehigh Valley. With eight financial center locations and a best in class digital banking center, First Commonwealth serves more than 63,000 members and 1,500 member companies in the Greater Lehigh Valley and beyond. As a member-owned, not-for-profit financial cooperative, First Commonwealth is a leader in the B2C and B2B financial services marketplace and has been committed to growth, innovation, technology and personal, friendly service since 1959. First Commonwealth has over 170 employees and $760 million in assets and serves its membership through purpose-driven and mission-based values to empower the pursuit of financial happiness. First Commonwealth FCU is committed to giving back through their First Commonwealth FCU WE Thrive Foundation and Corporate Social Responsibility initiatives. www.firstcomcu.org