ALLENTOWN, Pa. – A prominent Lehigh Valley area credit union is making moves with a new location.

First Commonwealth Federal Credit Union, headquartered in Lower Macungie Township, has announced the relocation of its Allentown Financial Center at 450 Union Blvd. to a new, modern facility designed to enhance the in-person and drive-up banking experience for the community.

Beginning Tuesday, March 31, the credit union will open its new Allentown Commons Financial Center at 1420 Hanover Ave. in Allentown, replacing the former Union Boulevard location.

“This new location reflects how people bank today while preserving the personal service that has always defined our organization,” said Donna LoStocco, First Commonwealth’s president and CEO, in a news release.

“By investing in a more flexible, technology-enhanced space, we’re ensuring we can meet the needs of the Allentown community both now and in the years ahead.”

To complete the transition, First Commonwealth’s existing Union Blvd. location will be closed on Saturday, March 28, and Monday, March 30.

During this brief closure, assistance will be available at the Downtown Allentown Financial Center, located at 840 W. Hamilton Street, Suite 122, Allentown, or at any other First Commonwealth Financial Center.

First Commonwealth serves Pennsylvania and New Jersey with 14 locations and a top-tier digital banking experience.

Financial centers operate in Lehigh, Northampton, Berks and Carbon counties in Pennsylvania and Warren County in New Jersey.

First Commonwealth serves more than 98,000 members and 2,400 companies.

“Since 1959, First Commonwealth has prioritized growth, innovation, technology, and friendly service,” a description reads. “First Commonwealth has 260+ employees and over $1.4 billion in assets, operating as a member-owned, not-for-profit financial cooperative embodying purpose-driven values.”

First Commonwealth continues to expand its footprint in the region, with another financial center having opened last July at 1235 Blakeslee Blvd. Dr. East in Mahoning Township, just outside Lehighton.

In First Commonwealth’s annual report 2024, LoStocco and William Ehritz, chairman of First Commonwealth’s Board of Directors, commented on the “exciting strides” being made in terms of enhancing the credit union’s footprint.

Ehritz and LoStocco referenced the new 2,600-square-foot Lehighton area facility, as well as the credit union’s financial center on Union Boulevard in Allentown, which “will relocate to a more convenient location, offering easier access and an improved member experience.”

“These state-of-the-art locations will provide enhanced services and advanced amenities, reinforcing our commitment to innovation and accessibility,” they stated.

In a separate news release, Larken Associates, a leading full-service commercial and residential real estate firm, announced the 3,275-square-foot lease with First Commonwealth at Allentown Commons.

The new financial center will feature a double drive-thru interactive teller machine (ITM), as well as financial advisory and other customary banking services.

Victor Kelly, executive vice president of Larken Associates’ Commercial Division, represented ownership in the transaction, and Derek Zerfass and Scott Horner of Colliers International represented the tenant.

First Commonwealth is also a tenant at Larken Associates’ Carbon Plaza in Mahoning Township.

“First Commonwealth has grown their presence across our Pennsylvania portfolio,” Kelly said in the news release.

“Their continued expansion reflects the strength of the local market and the value of well-located and professionally managed properties. We are proud to support their growth and the services they bring to Allentown and throughout the Lehigh Valley region.”

Allentown Commons is a contemporary five-building shopping center with 70,612 square feet of retail, office and medical space.

The shopping center is home to a diverse mix of tenants, including Planet Fitness, Family Dollar, Health Network Laboratories, Popeyes and Big Woody’s, among others.

In December, Larken Associates announced two other leases at Allentown Commons: a 2,606-square-foot lease with Albert Appliances, LLC, an existing tenant offering a wide variety of new and used refrigerators, stoves, washers, dryers, and other household appliances at competitive prices; and a 2,150-square-foot lease with Root’d Corp, a new community-focused juice and smoothie bar offering a broad range of nutritious options.

First Commonwealth’s new financial center at Allentown Commons will occupy a renovated end unit that previously housed a 7-Eleven convenience store, which closed in 2018.

“Larken Associates has been a valued partner as we continue to enhance member service across the region,” LoStocco said.

“Allentown Commons gives us the right combination of location, accessibility, and flexibility to better serve our members. We appreciate Larken’s collaborative approach and are excited to be part of a development that supports how our members bank today while staying connected to Allentown community.”