WEST CHESTER TOWNSHIP, Ohio—Despite challenges ahead from the coronavirus pandemic, $1-billion Kemba Credit Union last week announced it will build a 147,000 square-foot, eight-story corporate headquarters building here.
The project will cost more than $28 million, according to the Journal-News. Groundbreaking last week was scheduled for May.
In 2019 Butler County in Ohio approved a seven-year, 75% property tax abatement for the project through the enterprise zone program. The office will have a capacity to house more than 370 employees and more than 20 departments, the Journal-News said.
Of the credit union’s more than 200 employees, more than 100 work at its current West Chester headquarters, which opened in 2007. After continued growth and acquisitions, Kemba experienced a significant increase in members and the growth of its current headquarters to its capacity, the CU told the Journal-News.
“The new building will allow the credit union to expand, create new jobs and position Kemba Credit Union to successfully serve its members in the future,” said Kemba CEO Dan Sutton.
The announcement was made prior to Ohio Governor Mike Dewine announcing a lockdown of the state through April 6 due to the coronavirus.