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Kingdom House Honors St. Louis Community for Community Impact

Kingdom House, a St. Louis City social services agency, honored St. Louis Community Credit Union with its Agency Impact Award for their shared vision in offering financial services that create pathways to economic independence.

“It was an easy decision to name St. Louis Community Credit Union as our 2014 Agency Impact Award Winner,” said Scott Walker, Kingdom House executive director. “They have a heart and passion to help our members become self-sufficient. As a result, our members quickly develop a trusting relationship with them, which greatly increases success rates.”

Since 2012, St. Louis Community Credit Union has worked closely with Kingdom House and its clients by opening a micro-branch inside of the organization, offering affordable free financial education and one-on-one financial coaching.

“When you think about social injustices from an economic perspective, we do our best at St. Louis Community Credit Union to fill that gap by offering affordable financial services and hope,” said Patrick Adams, CEO, St. Louis Community Credit Union. “If we can keep people off of the bottom rung of the socioeconomic ladder, we are doing our job. Working with Kingdom House allows us to do that. It’s part of our overall give back to the community.”

Partnership and collaboration play a key role within St. Louis Community Credit Union. In fact, it was the spirit of partnership that led the Credit Union to place micro-branches within social service agencies. To broaden its reach into the community, the credit union set out to bring low-cost, mainstream banking services to “financial deserts,” where most social service agencies were housed. Since opening its Kingdom House branch in December 2012, St. Louis Community Credit Union has issued 109 loans totaling $309,650 and opened 245 new deposit accounts, bringing financial hope and opportunity to the surrounding community. 

As a Community Development Financial Institution (CDFI), St. Louis Community Credit Union is also eligible to receive grant funding in its efforts to actively serve the community. The credit union and Kingdom House were awarded a $150,000 grant from the National Federation of Community Development Credit Unions to implement a three-year pilot program. This initiative integrates financial services and education with social services offered to Kingdom House clients.

St. Louis Community Credit Union serves low-to-moderate income (LMI) individuals living in and around the region’s urban areas. The organization offers a holistic approach to financial capability by providing locations in underserved communities, credit building products, second-chance checking accounts, a payday loan alternative and hands-on financial education to help disenfranchised consumers.