Neighbors buys land for Coursey branch

Neighbors Federal Credit Union has purchased a 1.58-acre tract of land at Coursey and Hickory Ridge boulevards and plans to start building a new branch there by the middle of 2010. The credit union paid $722,600 for the land in a deal that was filed late last week. Steve Webb, chief operating officer for Neighbors, says the plan is to build a 4,000-square-foot branch on the site. The new prototype, which will feature drive-through service and an ATM, will have about eight employees. “This site suited our needs,” says Webb, noting that there aren’t a lot of financial institutions along Coursey. Plans are to open the branch by the end of 2010. Neighbors currently has seven branches, an eighth location is set to open on Airline Highway in Prairieville by July 1.—Timothy Boone