Peoples Trust New Main Office in Downtown Houston Positions the Credit Union for the Future
Peoples Trust Federal Credit Union is a $500 Million credit union in Houston, TX. The Credit Union’s beginnings are with Shell Oil. However, they expanded their charter to the City of Houston over a decade ago. As the oil and gas industry continues to change, and the Credit Union continued to flourish its lease was coming due. With the proposed rate increases and need for more space, the Credit Union faced large operating cost increases well above their current costs. The Credit Union’s headcount growth, and the rate increases required they seek the best long-term solution for the Credit Union. Ultimately, the Credit Union chose to relocate their main office to a new site in Downtown Houston.
The selected site for the freestanding building is in an underserved area of the city, and required environmental site work to make it suitable for the building requirement. The LEVEL5 team worked through the permitting and containment of those materials to develop the new main office. The move to this facility not only gives the Credit Union a giant billboard, but also allows the Credit Union to substantially lower cost from rising rental rates and provide better community access. Furthermore, through our proven design-build process we were able to shorten the construction duration by over a month from the contract date!
The facility focuses on efficiency and embracing the Credit Union’s legacy to its membership and community. But, there is so much more to this design-build story, so listen to what their team had to say how this new facility took shape!