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CU House well on its way to completion

WASHINGTON-Despite the reputation for many construction companies to overstay their welcome, CUNA's Credit Union House looks as if it will be ready in time for the September 11 grand opening. The house is being funded by credit union leagues that have invested in a limited liability corporation (LLC) on behalf...

By Staff Writer | Updated on August 28, 2001

WASHINGTON-Despite the reputation for many construction companies to overstay their welcome, CUNA’s Credit Union House looks as if it will be ready in time for the September 11 grand opening. The house is being funded by credit union leagues that have invested in a limited liability corporation (LLC) on behalf of Credit Union House. Credit union leaders from Dan Mica, CUNA president and CEO, to Carroll Beach, Colorado Credit Union System president, are expected to be on hand for the ribbon cutting ceremony. While CUNA Vice President of Communications and Media Outreach Pat Keefe said that Credit Union House was booked with receptions and other meetings throughout the fall, a schedule was unavailable at press time. CUNA has remained tight-lipped about much of the details of Credit Union House and its opening, choosing to permit investors to get the first glimpse into the credit union war room on the Hill. CUNA Public and Congressional Affairs Manager Jennifer Gore also said that investors will be the first to know the actual cost of the building as compared to what was budgeted for it (approximately $2.4 million). Originally, CUNA was going to hire one or two staffers, at CUNA’s expense, to work in the new building, but Keefe was unable to confirm whether anyone had been hired yet. All this information will be revealed at the appropriate time, according to CUNA. The small building next to Credit Union House was also purchased by the LLC to “protect their interests” Keefe said, and have more control over who occupies the space. It is currently being rented out to the Sierra Club. [email protected]

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