St. Thomas Federal Credit Union marked a major milestone Dec. 12 with the groundbreaking of its new Branch and Operations Center at Estate Taarneberg, launching a long-planned expansion aimed at strengthening member services and operational capacity.
The new facility will span more than 10,000 square feet and consolidate key functions now spread across multiple locations. Plans include drive-through and walk-up service windows, expanded parking, dedicated space for operations and member engagement, and upgraded technology designed to improve efficiency and reduce wait times, according to officials.
Speaking at the ceremony, Administrative Support Officer Lisa-Marie Hodge said the project reflects more than physical growth, describing it as the next step in the credit union’s long-term commitment to the Virgin Islands. Chief Executive Officer Keisha L. Richards echoed that message, noting the facility is expected to create jobs, expand services, and improve the overall member experience as the institution adapts to changing financial needs.
The project follows St. Thomas Federal Credit Union’s purchase of the Taarneberg property in 2011 and years of planning. Construction is expected to take approximately 24 months, with completion projected for 2028. Once finished, the headquarters will meet federal regulatory standards and support future growth.
Board President Clifford Graham said the groundbreaking reflects years of persistence and collective effort, crediting members, staff, and partners for bringing the project to this stage. Credit union officials also acknowledged the role of architect Edmond Blaize of Caribbean Professional Consultants Inc., the Department of Planning and Natural Resources, and the 36th Legislature in advancing the project.
Founded to serve the financial needs of the community, St. Thomas Federal Credit Union said the new facility positions it to better support members and remain a stable, locally rooted institution as the territory continues to evolve.
