Credit Union of America will build a branch near the northeast corner of 119th West and 21st streets.
The branch will be the 11th for the Wichita-based credit union.
CUA expects ground to be broken on the full-service branch in the spring followed by an opening in fourth quarter of 2010.
"The West 21st corridor and surrounding neighborhoods continue to show steady growth, and CUA already has a strong membership presence in the area," Bob Thurman, CUA president, said in a news release.
Thurman said in October that CUA was in the process of acquiring land for a branch in northwest Wichita.
This month the $323 million credit union opened its 10th branch at 501 N. Woodlawn in a building that previously served as a Bank of America branch.
CUA said the new northwest branch will employ six people.
Randy Johnston of J.P. Weigand & Sons brokered the land deal for CUA, and Bradley Tidemann of Weigand represented the seller.
Besides Wichita, CUA operates branches in Derby and Great Bend and has more than 33,000 members.
It was established in 1935 as Wichita City Teachers Credit Union.