The transaction closed July 11, 2019. The building previously operated as a Fidelity Bank branch, which closed in April 2019. Renovations to the building are expected to begin in July, with an estimated completion and reopening as a Jax Federal Credit Union branch in October 2019.
The branch, which is centrally located between I-95 and Southside Boulevard, will be Jax Federal Credit Union’s ninth location in Northeast Florida, and the beginning of its branch expansion plan.
“Since 1935, Jax Federal Credit Union has provided financial products and services designed to meet the needs of its members,” said Joe Nowland, President & CEO of Jax Federal Credit Union. “This branch will make it more convenient for our members in the Southside and surrounding area to fulfill their banking needs and achieve their financial goals.”
The branch will be staffed with nine full-time employees, as well as dedicated office space for mortgage loan officers and investment advisors to meet with members.
About Jax Federal Credit Union
Established in 1935, Jax Federal Credit Union serves over 36,500 members across Duval, Clay, St. Johns, Baker and Nassau Counties. Jax Federal Credit Union helps its members meet their financial needs through eight branch locations; a robust mobile and internet banking platform; and access to over 6,800 Shared Branching locations and nearly 30,000 surcharge-free ATMs nationwide. For more information, visit jaxfcu.org.