The Alamance News has confirmed that Truliant Federal Credit Union is building a branch at 915 South Main Street in Graham, which was once home to a Sonic Drive-In restaurant.
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The Graham location is scheduled to open in the summer of 2021, bringing the total number of Truliant branches in Alamance County to four, including two in Burlington and one each in Mebane and Elon, according to the financial institution’s spokesman Heath Combs.
The Truliant Federal Credit Union will be built on just over half an acre of vacant commercial land near Food Lion in Graham. The site is sandwiched between an O’Reilly Auto Parts store at 911 South Main Street and the Carolina Square shopping center anchored by Food Lion at 921 South Main Street.
Preliminary plans that a developer for the credit union has furnished to the city shows that Truliant Federal Credit Union building would span 3,620 square feet, Graham city manager Frankie Maness said this week in an interview with The Alamance News.
The developer, Winston-Salem based Abattoir Properties, has agreed to pay $50,000 to install a “U-shaped” driveway that will connect the credit union property to the adjacent shopping center, based on an easement agreement that has been filed with the county’s Register of Deeds.
No additional review or approval by Graham’s planning board or city council were needed to begin construction of the credit union because the existing zoning designation (B-2, or general business) permits the use, under the city’s development ordinances, Maness elaborated in the interview.
Abattoir Properties purchased the land at 915 South Main Street for $230,000 in March 2019, based on documents that were filed at the time with Alamance County’s Register of Deeds, consummating the transaction.
The building will feature an open floor plan, vaulted ceilings, and a drive-up ATM, Combs confirmed this week for The Alamance News. The Graham branch is being designed by ArchStudio 7, an architectural firm based in Winston-Salem, Combs said.
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Chartered in 1952, Truliant Federal Credit Union currently has about three dozen locations and 267,000 members in Virginia and the Carolinas and holds approximately $2.7 million in assets, according to the credit union.
Truliant has 16 locations in the Triad region and has opened four new branches since 2018, according to Combs.
“Alamance County is growing and this branch will help us better serve a membership base that’s been part of Truliant for almost our entire history,” said Kim Alderman, vice president of member experience. Truliant Federal Credit Union is headquartered in Winston-Salem.
Meanwhile, State Employees’ Credit Union down the street delayed
Meanwhile, the coronavirus pandemic has delayed construction of a State Employees’ Credit Union (SECU) that is planned near the intersection of South Main and West Moore Street, across from the Sheetz gas station at 1138 South Main Street in Graham. The Graham branch also will be the fourth location in Alamance County for SECU.
SECU had originally targeted the Graham branch to open next spring, but labor and material shortages have pushed the date to begin construction until early 2021, SECU senior vice president for the Piedmont-Triad region Mark Greene estimated in an earlier interview with The Alamance News.