{"url":"https://newsforagent.com/news/2026-11-07/alltru-credit-union-midtown-branch-relocation","markdown_url":"https://newsforagent.com/news/2026-11-07/alltru-credit-union-midtown-branch-relocation.md","title":"Alltru Credit Union Opens $1 Million Midtown Branch","headline":"Alltru Credit Union Relocates St. Louis Branch to Midtown With $1 Million Buildout","description":"Alltru Credit Union opened a $1 million branch at 2908 Market St. in Midtown on October 27, after closing its Downtown West location on October 22.","section":"Expansion","published_at":"2026-11-07T02:55:04+00:00","modified_at":"2026-11-07T02:55:04+00:00","author":"News Desk","key_takeaways":["Alltru Credit Union opened its new Market Street branch in Midtown on October 27 and closed its Washington Avenue location on October 22.","The credit union spent about $1 million building out the new branch, which employs about eight people.","Alltru operates five branches in the St. Louis metro area and has more than 40,500 members and over $400 million in assets."],"companies":[{"name":"Alltru Credit Union","is_primary":true,"profile_url":"https://akta.pro/company-profiles/000vd24/alltru-credit-union","website":"http://alltrucu.org"},{"name":"La Macchia Group","is_primary":false,"profile_url":"https://akta.pro/company-profiles/000j8nt/la-macchia-group","website":"http://lamacchiagroup.com"}],"source":{"publisher":"American City Business Journals","title":"Alltru Credit Union relocates city of St. Louis branch to Midtown","url":"https://www.bizjournals.com/stlouis/news/2026/11/06/alltru-credit-union-relocates-st-louis-city-branch.html?ana=brss_6222"},"other_sources":[{"publisher":"Crain's Chicago Business","url":"https://www.chicagobusiness.com/reprints/wells-fargo-charlie-scharf/"},{"publisher":"PR Newswire","url":"https://www.prnewswire.com/news-releases/pnc-bank-expands-branch-buildout-to-more-than-370-will-build-60-branches-per-year-302932031.html"},{"publisher":"American City Business Journals","url":"https://www.bizjournals.com/triangle/news/2026/11/03/atlantic-union-bank-opens-raleigh-branch-creedmoor.html?ana=brss_6222"}],"tags":["Expansion","Alltru Credit Union","La Macchia Group"],"body_markdown":"Alltru Credit Union opened a new branch at 2908 Market St. in Midtown on October 27, after closing its Downtown West location at 1407 Washington Ave. on October 22. The Wentzville-based credit union spent about $1 million building out the new site, [American City Business Journals](https://www.bizjournals.com/stlouis/news/2026/11/06/alltru-credit-union-relocates-st-louis-city-branch.html?ana=brss_6222) reported.\n\n## Alltru's Market Street Buildout and Ribbon Cutting\n\nAlltru held a ribbon cutting at the new branch on November 4. Attendees included Adam Layne, treasurer of the city of St. Louis; Rasheen Aldridge, 14th Ward alderman; Missouri Rep. Lakeysha Bosley; Sal Martinez, CEO of Employment Connections; and Alltru CEO Michelle Rosner.\n\nLaura Woods, Alltru's vice president of brand and product strategy, said the credit union moved to be in a more accessible location that will allow it to better serve its members. \"We're really specific about how we do business and how we're building products and services that are accessible and affordable, which is unique in our market,\" Woods said. Woods said members sometimes had difficulty finding the Washington Avenue location or parking nearby, and the Midtown branch sits in a shopping plaza with its own dedicated parking lot.\n\nThe plaza is owned by Heppe Properties LLC, an entity whose registered agent is Charles Heppe. Its other tenants include Mound City Sandwich Shop, Tapers Barber & Beauty Salon and Express Valet Cleaners. The former Washington Avenue branch was in a building owned by an entity tied to Terry McDonald, the owner of auto body repair shop Dent Devil.\n\n[La Macchia Group](https://akta.pro/company-profiles/000j8nt/la-macchia-group), a Milwaukee-based bank and credit union design firm, contributed to the new location's design, and St. Louis-based Braun Construction Management Services was the general contractor. About eight employees work at the Market Street branch, and the move did not affect staffing.\n\n## Alltru's Membership and Deposit Base\n\n[Alltru Credit Union](https://akta.pro/company-profiles/000vd24/alltru-credit-union) is a Community Development Financial Institution founded in 1968 by members of the International Association of Machinist Union as the District 837 Credit Union, later renamed 1st Financial Federal Credit Union before rebranding in November 2020. According to akta.pro [company records](https://akta.pro/company-data), the credit union serves more than 40,000 members and offers access to over 30,000 ATMs through a shared branch network. The credit union operates five branches in the St. Louis metro area, including in Hazelwood, St. Charles and Florissant in addition to its Wentzville headquarters and the Market Street branch. It is the metro area's 11th-largest credit union, based on $361.9 million in total deposits as of the second quarter this year, according to Business Journal research. Alltru has more than 40,500 members and over $400 million in assets.\n\n## Branch Expansion Across Sector Peers\n\nWells Fargo has tripled its Chicago retail branches from seven to 22 in three years, adding 20 commercial bankers, [Crain's Chicago Business](https://www.chicagobusiness.com/reprints/wells-fargo-charlie-scharf/) reported on November 6. PNC Bank said on November 6 it will expand its branch buildout to more than 370 new locations by 2031, [PR Newswire](https://www.prnewswire.com/news-releases/pnc-bank-expands-branch-buildout-to-more-than-370-will-build-60-branches-per-year-302932031.html) reported. Atlantic Union Bank opened a branch on Creedmoor Road in Raleigh on November 3, taking over a former Fifth Third location, [American City Business Journals](https://www.bizjournals.com/triangle/news/2026/11/03/atlantic-union-bank-opens-raleigh-branch-creedmoor.html?ana=brss_6222) reported.\n\n## Alltru's Next Steps\n\nAlltru's Opportunity Checking promotion for a $300 new member bonus carries an offer expiration of June 30, 2026, according to akta.pro company records.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}