3/20/13 - Lake Trust Credit Union has announced plans to construct a new $30 million headquarters in the Brighton area. Lake Trust intends to purchase an approximately 17-acre site adjoining US-23, just north of I-96. President and CEO David Snodgrass says the new headquarters will unite its workforce at a more central location while offering a more reasonable commute for most of its current employees. Officials noted that maintaining current operations in old facilities became increasingly expensive and would have cost credit union members an estimated $7 (m) million more over the next 20 years, compared to a new energy efficient and flexibly designed facility. The planning and construction process for the new headquarters could be completed by 2015 and will include a new 100,000-square-foot building. Officials say the site has many natural features including a pond and designers are looking to create a first class campus with several amenities for employees such as walking trails and picnic areas. In addition to the new headquarters, Lake Trust officials say the company is committed to expanding its retail network and has plans to invest a total of $40 million in Michigan over the next five years. (JM)
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