Travis Credit Union opening two new offices

Article Last Updated: Friday, May 13, 2005 - 10:50:16 pm PDT

Travis Credit Union opening two new offices

By Matthew Bunk

FAIRFIELD - By the end of summer, Travis Credit Union will open two new offices in Northern California for a total of 13 financial services branches. Travis opened its first Woodland office May 1 at 1780 East Main St. in the Apple Village Shopping Center. In Vallejo, construction is ongoing at 1796 Tuolumne St. in the Albertsons shopping center, where Travis expects to open in July.

The Vacaville-based credit union was already the 11th-largest credit union in the state, and the expansion marks one of the biggest growth spurts since it was founded in 1951 to serve military workers at Travis Air Force Base. Travis Credit Union has offices in nine counties, 127,000 members and a total value of $1.4 billion, according to a press release. The expansion will help the credit union serve a greater portion of the community, executives said.

"It's our goal to open branches to meet the needs of our existing and future members and to provide the excellent service they deserve," Travis Credit Union CEO Patsy Van Ouwerkerk said. Both new offices will provide full-service consumer and business banking from 10 a.m. to 5:30 p.m. Monday through Friday and from 9 a.m. to 1 p.m. Saturday. Both will have a walk-up ATM and night depository.

Unlike a bank, Travis Credit Union is a nonprofit cooperative financial institution. Credit unions allow individuals to join and share in ownership. This distinction sets apart credit unions from stockholder-controlled banks.

Reach Matthew Bunk at 425-4646 Ext. 267 or mbunk@dailyrepublic.net.