WARRENTON — Fibre Federal Credit Union is planning a new location at the North Coast Retail Center.
The credit union recently purchased space at the southeast corner of U.S. Highway 101 and Ensign Lane, next to the new Walmart Supercenter under construction, for $858,000 from developer Ken Leahy’s Peaks View LLC.
Angie Leppert, senior vice president of marketing and human resources for Fibre Federal, said the credit union plans to put a new branch at the site. Across Ensign Lane is a Wauna Federal Credit Union built several years ago.
Fibre Federal, based in Longview, Washington, has nine branches along the Interstate 5 corridor. In 2015, Fibre Federal was chosen by the National Credit Union Administration to take over the assets of TLC Federal Credit Union after federal regulators deemed it had no chance of survival. The credit union’s five branches throughout Tillamook, Lincoln and Clatsop counties kept the TLC name but were rebranded as a division of Fibre Federal.
“There’s been strong growth over the last few years,” Leppert said. “We also serve counties surrounding Clatsop, such as Pacific” County, Washington. “The Warrenton area seems like a natural place for us to have growth in the market.”