CEFCU Broke Ground on New Peoria Office Annex

The construction project aims to resolve capacity issues at the financial organization's headquarters.

Updated on Sept. 29, 2026 in Construction

A large yellow construction crane towering over a partially built steel-framed office building under bright morning sunlight. — CEFCU broke ground on a new corporate office annex in Peoria this week, marking the financial institution's first significant headquarters expansion since 1993. AI Illustration. Upload story photo >

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CEFCU officially began the development of a new corporate headquarters annex in Peoria. The expansion project was initiated after the organization outgrew its existing facility, which was last enlarged in 1993.

Why it matters

The new facility is intended to provide the necessary infrastructure to support the organization's long-term growth plans. By addressing current space limitations, the project allows for increased operational capacity and improved training capabilities.

The new annex will feature 58,000 square feet of office space equipped with 290 desks. Additionally, the building includes a 9,570-square-foot training center designed to accommodate 144 people.

The players

CEFCU

CEFCU is a credit union that provides financial services to members and is currently expanding its physical footprint in Peoria.

Farnsworth Group

Farnsworth Group is an architecture and engineering firm that provided the design plans for the new corporate annex.

PJ Hoerr

PJ Hoerr is a construction firm serving as the general contractor responsible for executing the building project.

The details

The annex was designed by the Farnsworth Group, with PJ Hoerr serving as the primary construction contractor. This development marks the first significant headquarters expansion for the organization since 1993.

The last headquarters expansion occurred in 1993.
A groundbreaking ceremony took place on September 29, 2026.
Construction on the new annex officially begins on September 30, 2026.
The project is scheduled for completion in early 2028.

Market Landscape

This project follows the pattern set by the 1993 CEFCU headquarters expansion. The investment signals a push to modernize corporate infrastructure to remain competitive as the organization scales its operations.

The expansion is intended to improve organizational capacity and does not directly change current retail services or pricing for members. Residents may notice increased construction activity in the area surrounding the headquarters through early 2028.

The takeaway

Large-scale corporate expansions often serve as a tangible indicator of an organization's internal growth strategy. Local stakeholders can anticipate long-term operational shifts as the company scales its capacity over the coming years.