AUSTIN, TX-Amplify Credit Union has purchased a 58,000-square-foot office building at 3600 Parmer Lane for its future operational headquarters. The financial institution will continue to occupy its current headquarters facility at 2608 Brockton Dr. and will expand into the new building as the company grows.

Amplify, which was original credit union for IBM, has five locations in Austin including one branch in its Brockton headquarters. It plans to open a sixth branch this summer. “Amplify didn’t have a lot of the problems that banks have had – it didn’t take on a lot of debt,” says Doug Rauls, director of acquisitions and investors for The Kucera Cos. who represented Amplify in the acquisition. “They’re well-capitalized, and they’re growing.”

Rauls tells GlobeSt. that Amplify, which has outgrown its 17,000-square-foot headquarters, commissioned a study to figure out how much office space it would need over the next 10 years. The study helped the credit union determine its criteria for its new facility: it wanted to acquire a building, rather than lease; it needed roughly 50,000 square feet; the building needed to be close to the IBM campus; and it needed to be relatively new with no significant changes required.