University Federal Credit Union announced Feb. 3 it has purchased 246,000 square feet of office space in a facility located at 8303 MoPac to serve as its corporate headquarters.

UFCU President and CEO Tony Budet said the credit union will consolidate its support staff that is currently dispersed among four locations in North Austin into its new MoPac facility, "thereby strengthening internal communications, teamwork and organizational efficiencies," he stated in a release.

The credit union's existing nearby facility, located at 3305 Steck Avenue, will remain open after the transition to serve its members.

UFCU will occupy 100,000 square feet of its building in 2013. The remaining square footage will be leased to other tenants.

For more information on UFCU, visit ufcu.org.