Construction to start on SASCU in Salmon Arm

The sod has officially been turned, with an opening date expected about a year from now.

Dig deep: Salmon Arm Savings and Credit Union CEO Michael Wagner

Dig deep: Salmon Arm Savings and Credit Union CEO Michael Wagner

The sod has officially been turned, with an opening date expected about a year from now.

Ground was broken last week for the second branch of the Salmon Arm Savings and Credit Union, to be located next to the new Askew’s store planned for the top of the hill.

“We’re excited obviously,” says chief executive officer Michael Wagner. “It’s a significant investment in this marketplace – over $10 million, it’s exciting for us.”

The new two-storey building will house retail banking services and SASCU Insurance on the first floor, with branch support functions on the second floor along with leasable office space.

Wagner said the credit union will be working with a construction manager through the services of SCIP, Shuswap Construction Industry Professionals, to provide as much access to local trades as possible.

Upon completion, Wagner expects about one-third of SASCU transactions to move to the uptown branch. Construction is expected to wrap up in May or June 2013.