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Tuesday, November 12, 2019  Spokane, Washington  Est. May 19, 1883
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News >  Business

Canopy Credit Union opens Spokane Valley branch

UPDATED: Tue., Sept. 17, 2019

After months of construction, Canopy Credit Union has completed its expansion to Spokane Valley with a new branch that opened Monday and has space for an additional tenant.

The credit union has been renovating a 3,500-square-foot building at 13105 E. Sprague Ave. since February. The building, at various times, housed a car dealership and convenience store.

“Our new branch allows us the opportunity to better serve our existing members and create new relationships,” Charlotte Nemec, Canopy Credit Union president and CEO said in a statement. “We believe our members are going to love visiting us here.”

The credit union planned to lease space with Revel 77 Coffee at the Spokane Valley branch, but “unforeseen circumstances” prevented the coffee shop from moving forward with the partnership, according to a news release.

“We’re looking for another lease partner to complement our space,” Nemec said.

Revel 77, known for its locally sourced beans and specialty coffee drinks, has a flagship coffee shop on the South Hill.

“We were very excited to work with Canopy Credit Union on a second location, but the logistics didn’t work out,” said Sean Edwards, owner of Revel 77 Coffee.

The credit union hired Spokane-based HDG Architecture and Baker Construction to construct and design the Spokane Valley branch, which features an open floor plan and utilizes nLight – a sensor-based technology that automatically adjusts lighting based on the amount of motion in the room.

The new branch also features an interactive teller machine, Teller Connect, which provides members with live, face-to-face teller interaction using a platform similar to FaceTime.

Canopy Credit Union, which opened in 1956 as Spokane Federal Credit Union, has more than 11,000 members and holds more than $160 million in assets. The credit union rebranded to Canopy Credit Union in July.

Canopy Credit Union offers financial services such as checking, savings, loans and financial education for the community at its three branches in Spokane.

Last month, Canopy Credit Union announced plans to acquire the Credit Union Service Center – currently shared between Canopy, Progressions and Horizon credit unions at 1212 W. Francis Ave. – by January 2020.

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