Homewood Credit Union closes after fifth robbery

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The Homewood Brushton business community has suffered another casualty. Board members of A-K Valley Federal Credit Union voted late Jan. 5 to close the 7249 Frankstown Ave. branch, often referred to as the Homewood Credit Union. The branch was burglarized Jan. 1, the fifth time since the organization has operated in Homewood—four of the times at gunpoint.

DarkAndLonely95
DARK AND LONELY—A-K Valley Federal Credit Union, located at 7249 Frankstown Ave. in Homewood, has closed its doors.

According to president and CEO Janet Horn, the New Year’s Day robber went through filing cabinets but did not access any personal files because those were in a locked cabinet, but a set of keys were stolen. Two employees are affected by the closing.

 

Horn explained that many meetings have taken place with Mayor Luke Ravenstahl, County Executive Dan Onorato and community officials. “We have even contacted Congressman Mike Doyle. Everyone says they understand and are going to help, but we never heard from anybody.”

In Horn’s opinion, Homewood is a dangerous place and needs to be cleaned up. Putting blame on the mayor and the county executive, she said, “They are putting all the money and interest in the Hill District and not helping the Homewood community.”

Horn said the five board members made the decision to close the branch with heavy hearts. “There are a lot of good and hard working people in Homewood that are affected by this decision. We have done all we can to keep the branch open. It would be devastating if someone was hurt or murdered.” Horn did indicate that the board members are reviewing all their options including moving to a neighboring community and investigating how members can take advantage of using debit cards.

Operating several branches in the region including the main office in Lower Burrell, Horn said members can utilize any branch including the five shared service centers. The closest to Homewood are the Allegent Community FCU on Liberty Avenue Downtown and the Pittsburgh Central FCU in Deutschtown Square on the North Side. Letters are being sent out to notify members of changes and their options, she said.

A-K Valley FCU has operated in the Homewood community since June of 2004 when they took over the former Citizens East Community Development Credit Union. It was established in 1935, as the Aluminum Research Employees Federal Credit Union, serving Alcoa employees in New Kensington, Pa.

Originally, the credit union offered employees of Alcoa and their families a safe place to save and borrow. Its mission is to be the primary financial service provider to its membership by making all traditional banking services and products affordable to them. It provides services and products at the highest level of quality, fairness, personal attention, convenience and efficiency.

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