ERIE, Penn. – Erie FCU won the bidding today to acquire Glenwood Elementary School, shuttered by city officials in a cost-cutting move last year, for a potential new headquarters and branch.

The $365 million credit union was the only bidder on the 3.35-acre property and paid $1.2 million.

Although some school administrators expressed surprise that there wasn't more interest in the centrally located building, the board decided to accept the credit union offer and not re-bid the project.

Credit union officials said they plan to use the site as a new branch and corporate headquarters.

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