By Kevin Kelley
The epilogue of the tale of the Cleveland Motel has been written. For city leaders and neighbors, it represents a happy ending.
North Coast Credit Union held a grand opening at its new building at 22735 Lorain Road, across from Burger King, June 19. Employees, customers, civic leaders and neighbors were invited to celebrate that afternoon with a cookout that included hamburgers and hot dogs.
The financial institution was founded in 1958 as United Telephone Credit Union for members of the Communications Workers of America, said Brian Boyko, North Coast Credit Union’s manager. About two years ago, he said, it changed its name and began offering financial services to all Cuyahoga County residents.
Loans, credit cards, second mortgages and savings accounts are among the services the credit union offers, Boyko said. The institution has $13 million in assets, he told West Life.
The Fairview Park branch is home to four full-time employees, with more part-timers expected to be hired, Boyko said. The branch replaces one located in Rocky River. Two other branches are in Cleveland, with one in Mansfield.
The credit union’s annual payroll is expected to be $590,000, according to Matthew Hrubey, development administrator with the city. The new building represents an $840,000 construction investment in the city, he said. North Coast applied for and received a seven-year abatement on the property tax for the building.
Moreover, the new building takes the place of the Cleveland Motel, which, in the late 1990s and 2000s had become a blight and nuisance, city officials said. In 2009, the city purchased the motel property and quickly demolished the building. Neighbors had long complained that the motel was a nuisance, with excess noise and motel guests coming and going at all hours. Numerous health and building code violations were found at the motel over the years.