Bryan Watkins, Elevations Credit Union’s new Northern Colorado market president, addresses a small crowd at the credit union’s ground-breaking ceremony at 2025 S. College Ave. in Fort Collins where it is building its second branch in the city. Elevations announced plans for a third branch in Fort Collins at 221 E. Mountain Ave. BizWest/Doug Storum.

Elevations Credit Union breaks ground for second branch in Fort Collins

FORT COLLINS — Boulder-based  Elevations Credit Union on Tuesday held a ground-breaking ceremony for a previously announced branch at 2025 S. College Ave. in Fort Collins, and also said it is acquiring property at 221 E. Mountain Ave. in Old Town to construct a multistory development, which will include a branch and community room.

The branch on South College Avenue is expected to open in late 2017, and the branch on Mountain Avenue is expected to open in 2018.

“These two new locations will enable us to better serve members in Larimer County and across Northern Colorado,” said Bryan Watkins, Elevations’ new Northern Colorado market president.

Watkins — a director on the North Fort Collins Business Association and Foothills Rotary Club boards and Larimer County Small Business Development Center advisory board — recently joined Elevations from First National Bank, where he spent more than 15 years cultivating relationships with small businesses and other leaders throughout Northern Colorado.

Watkins said Elevations will have a partner in developing the building at 221 E. Mountain, but declined to identify the partner. He said Elevations will occupy the first two floors of the four-story building. The site is the former home of the Mountain View Tire and Service Center.

The Neenan Co., based in Fort Collins,  is the architect and general contractor for the branch on South College Avenue. The 4,900-square-foot, one-story building will include a drive-through lane that will be accessed off College Avenue and Arthur Drive on the south end of the site. The Neenan Co. will lead the redevelopment of the 5,000-square foot space on Mountain Avenue.

Elevations Credit Union is a member-owned nonprofit financial institution with more than 120,000 members. It manages more than $1.8 billion in assets.