Sioux Falls Federal Credit Union is expanding.
The not-for-profit credit union has purchased the Hagan Insurance Building at 1741 S. Cleveland Avenue for more than $2 million.
Sioux Falls Federal Credit Union has five locations in Sioux Falls, with its main office at 700 E. 14th Street.
The credit union says it will use the Hagan Insurance Building for its administrative offices because it has run out of room at its current location and continues to grow.
Sioux Falls Federal Credit Union will occupy the second floor in either March or April of 2014.
Most of the current tenants will remain in the Hagan Building.