Groundbreaking Ceremony Kicks Off Construction Of New Los Alamos Schools Credit Union Building On Central Avenue

LASCU- Ground BreakingParticipating in a groundbreaking event for the new Los Alamos Schools Credit Union Building on Central Avenue are, from left, Doug Patterson of Living Designs Group, Jenny McCumber, executive director of the Los Alamos Public Schools Foundation, Matt Schmidt, CEO of the Los Schools Credit Union, Bill Boedeker, LASCU board chair, and Robert Sanchez of R&M Construction. Photo by Minesh Bacrania


The Los Alamos Schools Credit Union (LASCU) broke ground today on their new building at 1010 Central Avenue. The new building is centrally located in downtown Los Alamos next to the Bradbury Science Museum. The Los Alamos Public Schools Foundation will also be joining LASCU in the new building.

“We are excited about this first step toward building our new LASCU home,” said Matthew Schmidt, LASCU CEO/President. “We look forward to the opportunity to better serve the education community from this new, convenient location along with the newest technology and expanded membership eligibility. Follow the construction progress with our regular blog posts as building begins.”

According to Los Alamos County Council Chair Sara Scott, the County is proud to have been a participant in the new LASCU venture through the sale of excess County land adjacent to the Municipal Building lot, as the land was always anticipated to be used for a commercial purpose.

“We are equally pleased that the Los Alamos Public Schools Foundation will be joining LASCU at 1010 Central,” said Chair Scott. “The credit union’s mission, membership and program goals are a great compliment to the Foundation and I am confident that the new space will provide additional ways for the two organizations to collaborate. We appreciate the work of the credit union within our schools – in their athletic and music programs, support for local youth activities such as the YMCA, Juvenile Justice Advisory Board, and participation for educational outreach during our annual ScienceFest activities. We look forward to having them in the future as our new “next door neighbor” downtown!”

Los Alamos Public Schools (LAPS) Superintendent Kurt Steinhaus added that he is thankful for the service provided to LAPS staff and believes that it will be even better with the new facility.

Living Designs Group Architects expressed that they are pleased to be a partner in developing this state of the art Main Branch location for Los Alamos Schools Credit Union. They stated that LASCU has been a great partner throughout the design process and they look forward to building a facility that embodies the mission of the Credit Union.

R&M Construction stated that they are excited to work with Los Alamos Schools Credit Union on construction of their new facility, and said LASCU has a great reputation among the community and they are happy to work with them on this project.

The new LASCU facility is expected to be completed May 2021.

About Los Alamos Schools Credit Union
Los Alamos Schools Credit Union has been providing high-quality, low-cost financial services to the educational community in New Mexico‘s Los Alamos County since 1955. Today, Los Alamos Schools Credit Union is a $21 million financial institution serving nearly 1,800 members. For more information about the Los Alamos Schools Credit Union visit