MOLINE, Ill.–Vibrant Credit Union has announced plans to relocate its headquarters here in 2021 by repurposing an abandoned building.
The new facility is four miles to the east of its current location and includes more than 134,000-square feet that will be partially built out upon inception with plans to expand as needed
“With the rapid growth we have experienced, we have significantly outgrown our current location,” said Matt McCombs, president/CEO of Vibrant Credit Union. “We are excited at the opportunity to reinvest back into our community by repurposing an abandoned building into our new corporate headquarters.”
According to Vibrant, in addition to the expanded square footage, the one-level floor design was a “significant factor” in the company’s decision to move forward.
“By making everyone accessible on the same floor, Vibrant deviates from the traditional top-down hierarchy most corporations use,” the CU said in a statement. “Instead, Vibrant intends to operate with a flat structure that further promotes collaboration, connection, and innovation for all, ultimately empowering and encouraging employees no matter their management level.”
Hiring Locally
Vibrant CU reported contractors have been hired through the Illowa Construction and Management Council, a non-profit that connects businesses to local contractors. Vibrant CU said it will only be using local businesses to complete the construction.
The credit union said it has put its current building at 1900 52nd Ave, Moline, Ill., is on the market for purchase with Hawkeye Commercial Real Estate.