Meritrust Credit Union announces it has reached an agreement with Cargill Meat Solutions for purchasing its current headquarters in downtown Wichita.
The site at 151 N. Main will house the credit union’s administrative departments and offices for mortgage services, wealth management advisors and small business services. Meritrust is also evaluating options for a potential downtown branch location at this site.
“We are thrilled for what this new space means for our employees and the downtown community,” says James Nastars, Meritrust President/CEO. “With the new headquarters, we’ll have the opportunity to provide an exceptional work environment for our employees, increase services to our members and expand our commitment to Wichita’s economic development, particularly downtown.”
Meritrust anticipates moving its support departments to the downtown site in 2019. The credit union currently has 325 employees total, with 212 who work out of its administrative offices with 30,000 square feet located at 8710 East 32nd Street North in Wichita, just south of K-96. Meritrust has been headquartered out of the east Wichita site since 2004 – and its support team is quickly outgrowing the building. The new building will provide accommodation for future growth.
The credit union was chosen in late 2016 for the Cargill site contract in big part due to the additional workforce being brought to downtown Wichita.
“We are pleased to have reached an agreement for the sale of our current office building at 151 North Main Street. This is a big step in our journey as we build the new home and headquarters for Cargill’s protein business in Old Town,” said Brian Sikes, Cargill corporate vice president and president of Wichita-based Cargill Protein. “We are excited and proud to be a part of the growth and development of Wichita’s downtown community.”
Meritrust’s administrative office employee base currently includes lending, real estate, member support, accounting/finance, audit, information technology, business systems, special accounts and marketing departments. The North Main site will provide a potential of 110,000 square feet to support the Meritrust headquarters and offer ample conference rooms and meeting space for the credit union.
“We are excited about the community and business leaders’ development plans for downtown,” Nastars says. “We are committed to being a part of that process.”