DEPARTMENT: Economic Development
DEPARTMENT HEAD: Alejandra Lopez
COUNCIL DISTRICTS IMPACTED: City-wide
SUBJECT: Presentation on Credit Human's new downtown headquarters, highlighting their innovation and sustainability.
SUMMARY:
A briefing by Stephen Hennigan, CEO, on sustainability and innovation in Credit Human's new corporate headquarters downtown, the building's impact on the community, and how City involvement helped make this project a reality.
BACKGROUND INFORMATION:
Headquartered in San Antonio, Credit Human Federal Credit Union serves more than 200,000 members in five states and manages nearly $3 billion in assets. In addition to San Antonio, Credit Human has operations in Schertz and Houston, Texas; Federal Way, Washington; Greensboro, North Carolina; St. Albans, Vermont; and Aurora, Colorado. In 2017, the company announced that it would consolidate its three operation centers into a new headquarters campus at the Pearl Brewery.
On October 19, 2017, City Council approved an incentive package consisting of a 10-year, 100% abatement for real and personal property and a five-year tax rebate capped at a combined total of $5,923,882 for the retention of 435 employees and the creation of 50 new jobs over five years, with 46% of all salaries considered to be high-wage. The project also included an investment of $113,000,000 over three years.
ISSUE:
The Community Health and Equity Committee requested a briefing on Credit Human's new headquarters at the Pearl Brewery, which include innovative practices that will have a great impact on the community and the environment. The building will be a state-of-the-art sustainably-constructed corporate headquarters that will allow for future growth over the next 45-50 years. Compared to buildings of a similar size, the Credit Human building will be 40% more energy efficient, will use 97% less potable water, and will reduce carbon production equal to removing about 224 passenger vehicles from the road for...
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