PSECU sells former headquarters to Commonwealth Charter Academy

Building offers public cyber charter school savings, opportunities and convenience

09/01/2016
Sean Connolly, CCA, Media Relations
717-214-2200

HARRISBURG – Pennsylvania State Employees Credit Union and Commonwealth Charter Academy on Thursday announced that the statewide public cyber charter school has purchased the former PSECU headquarters on Cameron Street in Harrisburg, which will house a new Family Service Center, work space for teachers and staff, and a new school business office.

CCA has more than 8,000 students statewide. In the Harrisburg region, it employs approximately 300 teachers and staff, who currently work in two leased buildings. CCA is scheduled to begin moving its operations in fall 2017 to the Cameron Street site and is expected to complete the move in 2019 after the leases expire on the existing buildings. “The new building will offer our teachers, learners and families convenience and new educational opportunities for training, field trips and internships,” said Dr. Maurice “Reese” Flurie, CEO of Commonwealth Charter Academy. “The building is ideally located next to Harrisburg Area Community College, Wildwood Park Nature Center and area businesses.”

Flurie said that the building is near the junction of Interstate 81 and Route 22, which makes it convenient for employees commuting to work and CCA families visiting the Family Service Center from south-central Pennsylvania. CCA has more than 2,000 students in the 12 counties surrounding the Harrisburg region.

PSECU moved its headquarters from the Cameron Street site in January 2014 to a new 239,000-square- foot building on Elmerton Avenue in Susquehanna Township. As part of the agreement, PSECU will continue to operate its popular branch location and the independent financial planning services business at the Cameron Street site.

“We see this as a win-win for both organizations, as we will be able to maintain our current operations for our members and CCA will be able to centralize their operations into one location,” said Greg Smith, president and CEO of PSECU.

Smith said PSECU officials plan to offer financial literacy programs for CCA students, along with possible internships for students interested in finance as a career choice. He said that PSECU will open its membership to CCA students, faculty, staff and family members, giving them the option of establishing a financial home at the credit union.

CCA Chief Operating Officer Thomas Longenecker said the statewide public cyber charter school will purchase the building for approximately $5 million. He said CCA will save nearly $1.2 million per year in lease expenses by owning its own building. He said the building also will save the school money by allowing it to conduct mandatory state testing of students on-site. Currently, he said CCA has to rent large conference rooms at hotels to test its students.

Longenecker said the new building also will increase operating efficiencies by housing its teachers and staff in one location, rather than having them spread out in two sites in the Harrisburg region.

“Our philosophy has always been to have teachers and support staff work together in a Family Service Center,” Longenecker said. “This allows our families in south-central Pennsylvania more opportunities and offers direct collaboration among CCA teachers and staff.”

Longenecker said the school’s growth is a main reason that CCA has been looking to purchase a building in the south-central Pennsylvania region. Longenecker said the 180,000-square- foot building is large enough to handle future growth and allow the school to lease space to other organizations and businesses.

In addition to a Family Service Center, Longenecker said, CCA will house its administrative offices, along with guidance and support services, in the new building. It also will offer meeting rooms and activity space for the public. CCA operates nine Family Service Centers across Pennsylvania, where students and families can receive additional instruction, help with homework or studies, counseling services and technical assistance.

###

Contact: Sean Connolly
717-214- 2200
connolly@thebravogroup.com

About PSECU

Opened in 1934, PSECU was founded by 22 ordinary people who made an extraordinary commitment to each other. To create a financial institution where pooled resources benefit all members. Today, we are a full-service credit union serving more than 400,000 members and have over $4 billion in assets. As a not-for-profit financial institution, our goal remains to help our members and their families achieve a better life.

About COMMONWEALTH CHARTER ACADEMY

Founded in 2003, Commonwealth Charter Academy is a Pennsylvania public cyber charter school with year-round open enrollment. CCA is a family service organization with deep expertise in education and strives to deliver a personalized educational experience that engages the entire family, preparing learners to succeed in school and life. For more information, please visit www.ccaeducate.me.

Posted in News Release