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2015 Brings Changes for Credit Unions

1st City Credit Union Merges into Alliance Credit Union
Alliance Credit Union (Fenton) has announced the merger of 1st City Credit Union into its credit union. In doing so, Alliance Credit Union expands its footprint into St. Louis City by converting the 1st City Credit Union’s branch located at 5011 Hampton Avenue in St. Louis.

This merger also gives more than 1,400 former 1st City Credit Union members access to a broader depth of products and services, such as improved electronic services and expanded hours, as well as access to six other Alliance Credit Union locations.

“We are excited to welcome all 1st City members into the Alliance family,” says Tim Stephens, Alliance president/CEO. “We look forward to delivering excellent cooperative financial services to our new members as well as building strong relationships with them.”

1st City Credit Union was formed in 1928 by and for the parishioners of St. Anthony of Padua Catholic Church.

Anheuser-Busch Employees' Credit Union and Purina Credit Union Merger Complete
Purina Credit Union (PCU) is now a division of Anheuser-Busch Employees’ Credit Union (ABECU) as its merger was completed January 1, 2015. Purina Credit Union adds $48 million in assets and 3,800 members to the overall organization.

As a division of ABECU, PCU members gain access to expanded products and services, as well as added convenience services including an extensive network of surcharge-free ATMs, technology and numerous branches. PCU members will have access at all ABECU and American Eagle Credit Union branch locations nationwide.

“One of our core strategic goals is managed growth, so we can continue to provide our members with superior products, enhanced services, and long term value,” said Dave Osborn, CEO of Anheuser-Busch Employees’ Credit Union, of the merger. “We welcome PCU members and employees alike to the credit union.”

As a division of ABECU, PCU will continue to serve its field of membership, including employees and retirees of Nestle Purina PetCare, Nestle Waters North America, American Food and Vending, Energizer Holdings, Post Holdings, The Child Care Development Center of St. Louis, and The Solae Company, and their families. The merger does not affect ABECU’s field of membership, which serves employees and retirees of Anheuser-Busch Companies, Inc., wholly-owned subsidiaries and distributors of Anheuser-Busch Companies products and their families.

St. Cecilia Parish Credit Union Merges with St. Louis Community Credit Union

St. Cecilia Parish Credit Union merged with St. Louis Community Credit Union on December 16, 2014. Prior to the merger, St. Cecilia had $818,000 in assets and 475 members. St. Louis Community now has more than 48,900 members. 

“St. Cecilia Parish Credit Union’s Board of Directors chose St. Louis Community because both institutions had a mission match – improving our members’ standard of living and bettering their lifestyle through affordable products that work for them and financial service with dignity,” said Dorothy Bell, SVP & Chief Marketing Officer, St. Louis Community Credit Union. “We look forward to serving former members of St. Cecilia Parish Credit Union as part of our overall giveback to the community.”

Former St. Cecilia Parish Credit Union members will now have immediate access to an increased variety of products and convenient services to help them along their financial journey. These items include affordable loans, value checking, ATM cards, debit and credit cards, online banking, mortgages, free financial education and 30,000 free ATMs.

Members will also enjoy access to more branches. St. Louis Community has 11 area locations. Three of those offices are embedded within social service agencies (MET Center – Wellston, Grace Hill – Water Tower and Kingdom House – near downtown), thus meeting consumers where they are.

As a Community Development Financial Institution (CDFI), St. Louis Community Credit Union has more than $230 million in assets and is one of the strongest in the region.