Ent Federal Credit Union is losing hope, literally.
Southern Colorado’s largest financial institution will close its Hope branch July 6 because its lease on the building expires July 31, said Jim Moore, Ent’s senior vice president. Ent sold the branch in 2005 to partnership headed by developer Chuck Murphy.
Ent acquired the branch at 555 E. Costilla St. in a 1989 merger with Hope-Coronado Federal Credit Union, but got a larger, more convenient downtown branch at 123 S. Weber St. in a 2001 merger with Mountain Bell Credit Union. The Weber Street branch will remain open.
The four employees at the Hope branch will be relocated to other branches, Moore said. The credit union is expanding — it plans to open its newest branch by July 31 at 16050 Old Forest Point in Monument and is studying expanding branches in Briargate, Falcon and Fountain.