cPort Announces New Portland Branch location!
Branch rendering courtesy of Gawron Turgeon Architects.
cPort Credit Union announced on September 6th the purchase of 285 Forest Avenue (the former Arby’s restaurant near Hannaford) in Portland for its second Portland branch location. cPort’s main office and Portland branch is located at 50 Riverside Industrial Parkway, off of outer Forest Avenue. cPort has two additional branch locations in Scarborough and Augusta. Construction is scheduled to begin in October; the branch will open in late spring 2012.
cPort’s new branch location will be a return to its roots, close to its original location in the Post Office building at 125 Forest Avenue. cPort Credit Union was founded in 1931 as the Federal Employees Credit Union of Maine, beginning out of the desk drawer of postal employee Bucky Blumenthal. At that time, Post Office employees saved $0.25 per pay period, and when they had saved $5.00, they were given membership to the credit union and could begin borrowing money. cPort maintains a $5.00 membership share deposit to this day.
Over the years, cPort expanded its field of membership to anyone who lives or works in Cumberland, York, Androscoggin, Kennebec, and Sagadahoc counties in 2006 when it updated its charter and changed its name to cPort Credit Union from Government Employees Credit Union of Maine. “We strive to provide the best, most convenient service to our members,” said cPort’s CEO Gene Ardito. “cPort offers sophisticated technologies to our members like home check deposit and mobile banking, while at the same time we offer convenient branch locations to deliver the best possible service.”
cPort recently built a branch at 399 Western Avenue in Augusta, the location of a former Bonanza restaurant, the credit union’s first owned branch after leasing locations for almost 50 years. “We’ve seen significant growth in Augusta since we opened the new branch in November 2010. The branch has safe and easy access, great visibility on Western Avenue, and is conveniently located for our members. This new location will replicate that successful model in Portland,” said Ardito.
The branch will feature energy efficient design and pedestrian and bike-friendly access on traffic-heavy Forest Avenue. Its location will also be convenient to travel from all directions; it is located yards away from 295 exits 6A and 6B and accessed easily from east-west travel on Forest Avenue. “We’ve designed a conference room for the branch that will also be available to local community groups as a presentation and meeting space. ‘Community’ is one of our core values, and we’re proud to incorporate that commitment into the branch design,” said Board Chair Scott Paquet.
Gawron Turgeon Architects has designed the new branch which will be built by Landry French Construction, the same team who constructed cPort’s new Augusta branch.
cPort's new branch plans are featured in this September 16th Portland Phoenix piece about local banking.