Hey there, time traveller!
This article was published 2/7/2010 (3396 days ago), so information in it may no longer be current.
A Selkirk-based credit union has secured a second Winnipeg location for one of its branches, setting up shop in the former Red Lobster building on Leila Avenue.
Edward Bergen, Sunova president and CEO, said the credit union was looking elsewhere for its second Winnipeg location, but the site at Garden City Square came available at a price the credit union couldn't refuse.
"It is a different market area, but it is very close to the Riverbend (location)," Bergen said of the first site Sunova had chosen for its initial foray into Winnipeg, on the west side of Main Street, just south of Red River Boulevard. "Leila was just an opportunity that we became aware of at a price that was advantageous. We got in that area a little earlier than we had planned."
Sunova was previously known as Interlake Credit Union, but in an interview with the Free Press in February, Bergen said it had targeted Winnipeg for most of its growth over the next 10 years.
Sunova's move into the Garden City neighbourhood is a boon for the Garden City Square shopping plaza. Two of the most prominent buildings on the street were shuttered restaurants — Red Lobster and the Longhorn's Texas Steakhouse (previously a Branigan's).
The other building was bought two weeks ago and will be converted into the head office of Salisbury House and a Sals restaurant.
Bergen said Sunova will be renovating the former Red Lobster restaurant, adding its 7,420-square-foot footprint is almost identical to the 7,500-square-foot model planned for all new branches.
Bergen said Sunova will be leasing out part of the Leila site to a general insurance brokerage offering Autopac and general insurance services.
Bergen said all of Sunova's new Winnipeg branches — 10 are planned in total — will include an Autopac insurance agent.
"It generates a lot of traffic and generally that traffic is for insuring houses and cars and we don't mind financing both of those things," Bergen said. "The synergy is good if you can get one ( a credit union) beside the other (an Autopac agent)."
Expanding in city
— Sunova Credit Union, formerly known as Interlake Credit Union
— What's New: Second site chosen for a Winnipeg branch, 803 Leila Ave., at Garden City Square, the old Red Lobster restaurant.
— Sunova has 10 branches and plans 10 more in Winnipeg.
— The other Winnipeg location is in the Riverbend neighbourhood, on the west side of Main Street, just south of Red River Boulevard.
— Sunova has 24,000 members and $622 million in assets.
Aldo Santin is a veteran newspaper reporter who first carried a pen and notepad in 1978 and joined the Winnipeg Free Press in 1986, where he has covered a variety of beats and specialty areas including education, aboriginal issues, urban and downtown development. Santin has been covering city hall since 2013.