Banking & Finance  June 26, 2020

Credit Union of Colorado to take over Vectra branch in Broomfield

BROOMFIELD — Credit Union of Colorado recently purchased the Vectra Bank branch location at 1990 W. 10th Ave. in Broomfield and plans to open its own operation there next year.

Vectra has an existing lease that expires in early 2021, according to Credit Union of Colorado chief operating officer Phil Smith. The bank will vacate at the end of the term and the branch will be converted. 

Credit Union of Colorado, which bought the building this month for $1.425 million, expects the new full-service branch will open by December 2021, Smith said. 

“We see this…

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Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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