Fulda Area Credit Union plans Jackson expansion
FULDA — The Fulda Area Credit Union is moving forward with plans to expand into the community of Jackson, but rumors that a branch will also open in Round Lake aren’t true.
Linda Jacobson, president of the Fulda Area Credit Union, said Wednesday that while there were discussions about a potential branch in Round Lake last fall, there are no plans to expand there.
“We just felt there wasn’t enough volume there to open a branch, but we would be open to it in the future if things change,” she said.
Meanwhile, the Fulda Area Credit Union is moving ahead with plans to construct a building along Jackson’s Industrial Park.
While a lease has yet to be signed, Jacobson said she hopes the credit union will break ground this spring and have a building completed by the end of this year.
The expansion into Jackson will be the fifth location for Fulda Area Credit Union, which was founded in 1986 in Fulda. Branches are located in Windom and at Worthington’s JBS facility, with the main office along Ryan’s Road in Worthington.
“Our field of membership is in four counties, and (expanding into Jackson) is putting an office in that fourth county that we hadn’t had before,” Jacobson said. “Not only with AGCO, but the other businesses along the parkway, we would hopefully be a good asset for the people that work in that area.”