For immediate use
January 17, 2022
Libro Credit Union has made a renewed commitment to the core with the exciting announcement of a new location in downtown London.
The credit union revealed it will move its London Downtown location to a prominent site on Richmond Row. The branch will welcome Libro Owners at 578 Richmond Street, the former location of Williams Coffee Pub, moving from its current building at 167 Central Avenue midway through 2022.
The move will make southwestern Ontario’s biggest credit union more visible downtown than ever before and is part of Libro’s strategy to become a $20B organization by 2028 as it seeks to increase its impact on communities.
Nichole Heron, Libro’s Community Manager for London Downtown, said: “This is an exciting move for one of Libro’s biggest and most successful branches. It puts us right in the heart of downtown and will make Libro’s presence in the core unmissable.
“We know this move sends a message and that’s just what we want to do. Libro Credit Union believes in our cities’ downtown areas and will continue to invest, work and play there. It aligns well with our core theme of promoting financial resilience: on a macro level, cities like London need a strong and resilient downtown, and Libro is determined to make a strong contribution to it.
“We invite everyone who cares about the core to come and talk to us about it. We’re here to stay and we’re asking for your business. As a company with a social purpose, we know we are stronger together.
“We are growing to make more impact on communities across our region. Join us.”
Libro’s Downtown London location has been at 167 Central Ave. since the early 1990s. It has space to welcome Owners and for administrative offices, and at 7,000 square feet is the largest branch in the company in terms of floor space. With admin staff now housed at 217 York Street, much of the space on Central is no longer needed and the building is being offered for sale.
The branch is one of the most successful in the credit union, with a portfolio of more than $750M and ongoing growth that is expected to continue. Moving to Richmond increases its visibility and accessibility, and sets Libro up for more success in the core. The location’s flexibility and planned design will create opportunities to interact with people differently, including the potential to run events for the community.
Libro Credit Union has 36 locations across southwestern Ontario and is a full-service financial institution that offers banking services – and channels the profits back into communities.
Libro warmly welcomes interview opportunities.
Visit libro.ca/media.
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Media contact: Mike Donachie, Communications Manager, Libro Credit Union
P: 519-672-0130 ext. 4344, C: 226-926-4068, mike.donachie@libro.ca
Visit libro.ca/media.