Credit Union to Open Wards Corner Branch

The following is an article written by Kevin Janney and printed in the January edition of the Suburban (PDF), the Suburban Acres Civic League newsletter:

New Langley Federal Credit Union branch at 7420 Granby St.

New Langley Federal Credit Union branch at 7420 Granby St.

Langley Federal Credit Union plans to open its new Wards Corner branch at the corner of Granby Street and Louisiana Drive by the end of March. Of the six full time employees projected to staff the branch, five of those will be new hires, according to LFCU spokesperson Susan Thrash. “We have been looking for a good location in Norfolk and we took advantage of this opportunity. This location will serve current members, and help us grow on the Southside,” said Thrash. LFCU was established in 1936 and has more than 175,000 members and $1.5 billion in assets.

According to Thrash, LFCU’s Director of Research and Communications, the convenient location and highly recognizable Wards Corner area contributed to the site’s selection, as well as the fact that the building had been
built as a bank, which helped with renovation complexity and cost. The Granby Street location will be LFCU’s
second Southside branch, the other located at Chesapeake Crossroads on Portsmouth Boulevard. LFCU has
sixteen other branches on the Peninsula.

The 7420 Granby Street site is a former Life Savings Bank of Norfolk branch, and was built in the early 1950’s according to M. B. “Mike” Mausteller Jr., Senior Vice President of Harvey Lindsay Commercial Real Estate. The Wards Corner location and nine other Life Savings Bank branches reopened as Branch Banking & Trust Company (BB&T) bank branches after the two organizations merged in October 2003. BB&T closed the branch a couple of years ago in an effort to consolidate area branches. Mausteller says the brick and masonry building “is extremely well built” and anticipates
LFCU will do well at the site because “the Wards Corner area is populated by a lot of loyal customers who enjoy doing business in the local area.”

The renovation project designer is Guernsey & Tingle Architects, with Glenn Development serving as contractor. The property transaction was brokered by Harvey Lindsey Commercial Real Estate of Norfolk.


5 Responses to Credit Union to Open Wards Corner Branch

  1. Langley Federal Credit Union is a positive addition to the Wards Corner Business scene. This bank is very community oriented.

  2. Jeff Conner says:

    And the most important question: will LFCU fix those clocks on the top of the building? I get tired of looking at clocks with different times.

  3. Joan Griffey says:

    I hope that City Council AND the Mayor note the comments “a convenient location….highly recognizable WC area” ” populated by a lot of loyal customers who enjoy doing business in the local area”. Great positives for revitalizing WC!

  4. rocking savings, im savings, internet savings…

    […]Credit Union to Open Wards Corner Branch « Wards Corner Now – Wards Corner, Norfolk, Virginia[…]…

  5. david kestner says:

    use also be norfolk savings and loan archie simpson designed the org. building ;use catch bus to go blessed sac.on colley ave

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