Landmark Credit Union, the largest credit union based in Wisconsin, wants to build a new headquarters in the city of Brookfield.
Landmark said Friday it is "exploring the purchase" of a 19.5-acre site along South Executive Drive, where it would construct a 150,000- to 160,000-square-foot home office.
An office building on the site, which has been used by Herzing University, would be razed to make way for the Landmark facility. The new headquarters would be visible from I-94.
“This new headquarters is a direct reflection of our great Landmark Credit Union team and our wonderful growing membership base,” Jay Magulski, president and chief executive officer of Landmark, said in a statement. “For 85 years we have consistently helped our members meet their everyday financial needs and achieve their long-term financial goals. As we look to the future, we know we need a home for our dedicated associates that can grow with us.”
Landmark said it is in the preliminary stages of planning for the site and is working with Eppstein Uhen Architects on designs for the facility. The focus is on developing a modern workspace that promotes collaboration and is expandable to meet future needs, the credit union said.
“From providing innovative training facilities for ongoing professional development, to incorporating modern technology that creates efficiencies, to providing amenities that enhance our associates’ engagement while at work, to creating flexible spaces that encourage associate interaction and allow for future development, we are committed to creating a headquarters that enables our associates to focus their talents on serving our members and each other,” Magulski said.
When the new facilities are completed, Landmark’s current headquarters building would be sold. Landmark has been there since 2009, when it purchased the building at 5445 S. Westridge Drive from Harris Bank, which is now BMO Harris Bank. The building had been the headquarters of Merchants and Manufacturers Bancorporation, which was acquired by Harris Bank.
Magulski said Landmark will continue to have a strong presence in New Berlin with its three-story, 35,000-square-foot office building and full-service branch near South Moorland Road and West Cleveland Avenue.
“New Berlin has been, and remains, a terrific partner,” Magulski said. “We look forward to continuing to serve our members from this important location.”
With assets of $3.9 billion, Landmark is the biggest credit union in the state and the third-largest financial institution in Wisconsin, trailing only Green Bay's Associated Bank and Racine's Johnson Bank. Credit unions are like banks in many ways, but they are financial cooperatives owned by their members instead of shareholders.
Overall, Landmark has more than 650 employees. It has about 330,000 members and 31 branches in southern Wisconsin.
Milwaukee Journal Sentinel