Credit union to build new branch in Spokane, Wash.

Global Credit Union has leased land on U.S. 395 north of Spokane for a branch it will build next year and also has leased 2,500 square feet of space in a new building at Argonne Village, in Spokane Valley, where it plans to move a branch that's currently in a nearby grocery store.

Jack Fallis, Global's president and CEO, says the credit union plans to construct a 4,000-square-foot branch in 2009 on undeveloped land that's just north of Ritter's Nursery & Florist, on the east side of U.S. 395, about 100 yards south of Hawthorne Road.

The branch will have two drive-through lanes and a drive-up automated teller machine. Kiemle & Hagood Co. handled the lease of the property.

In Argonne Village, Global has leased space in a two-tenant building at 9211 E. Montgomery, where it plans to move a branch in December from its current location in the Yoke's Fresh Market grocery store in the shopping center. Randy Jassman, of NAI Black, handled the lease at Argonne Village.

Global Credit Union currently has 12 branches in the Inland Northwest and three on military bases abroad. In Coeur d'Alene, the credit union is building a 27,000-square-foot, two-story structure, to be called the Global Credit Union Financial Center, at 320 E. Neider.

The credit union plans to move its Coeur d'Alene branch there from leased space at 245 W. Appleway in November, Fallis says. The new financial center also will house Global's regional residential real estate center and a commercial-lending department. About 15 to 20 employees will work in the new facility, he says.

The structure will have 10,000 square feet of retail and office space available for lease to others, for which Casey Brazil, of Kiemle & Hagood Co., is the listing agent.

The bank also plans to open a new branch in October in leased space in a retail center under construction at the northeast corner of Fourth Avenue and Sullivan Road, in Spokane Valley.