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Feliciana FCU closes branch near shuttered mill
ZACHARY, La. (3/10/09)--Feliciana FCU has shut down its St. Francisville, La., branch and put the building up for sale. The $23.9 million asset Zachary, La.-based credit union has served employees of the shuttered Tembec paper mill for the past 40 years (theadvocate.com). All main office operations have been moved to the Zachary, La., branch. Members can get services there or at its New Roads branch. The 3,000-member credit union’s St. Francisville branch was built on land donated by the mill several decades ago. It had made logistical sense to have the branch just a few miles from the mill, even though the credit union was diversifying its customer base and had become a full-service financial institution, Gigi Robertson, Feliciana president/CEO, told the newspaper. However, with the mill closed now for about 18 months, and the Zachary branch having more of a central location, the St. Francisville branch location no longer made sense, Robertson added.


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