CoastHills Credit Union (Santa Maria, CA) unveiled plans to construct a 3-story, 90,000 square-foot corporate headquarters building.
The corporate headquarters will be built on a 16-acre parcel of land in Santa Maria and will be dubbed the CoastHills Center.
The new headquarters building will include a state-of-the-art branch and a meeting room/auditorium that can seat up to 300 people.
Groundbreaking on the new facility is expected to take place in the second quarter of 2017 with construction scheduled to be completed in late 2018. The project is currently being reviewed by the city.
The corporate headquarters project is estimated to cost $25 million.
In comparison, the credit union paid its members only $22.5 million in dividends and interest payments over the last five years.
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