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St. Louis Community CU Hosts Ribbon Cutting Ceremony in Ferguson Community

On April 22, 2015, St. Louis Community Credit Union (SLCCU) celebrated the opening of its Ferguson location,10751 Old Halls Ferry Road. More than 30 people were in attendance for the ribbon cutting ceremony, including government officials, community partners, St. Louis Community Credit Union Board members, leadership and staff.

St. Louis Community Credit Union is certified by the U.S. Treasury Department as a CDFI – a specialized financial institution working in market niches that are underserved by traditional financial outlets. The organization invests time and resources into furthering its reach and impact.

“A key way to revitalize any community is to create options for economic prosperity. We set out to accomplish this every day with our affordable products, services and education,” says Patrick Adams, CEO, St. Louis Community Credit Union. “What we do for our community matters. We stand with Ferguson as it becomes stronger for the betterment of our region.”

Since the first of the year, the credit union has provided economic strength to the Ferguson community by opening more than 800 savings and checking accounts. It has also already helped its members secure a total of $400,000 in loans at the Ferguson location. 

The branch occupies a lobby area, plus expanded drive-thru lanes for additional service opportunities. The Ferguson office is equipped with two high-tech interactive teller stations, along with the staff that works to meet the growing financial needs of its members. Individuals can enjoy the convenience of opening an account, making deposits, cashing checks, applying for loans, purchasing money orders and much more. Financial counseling is also available.

St. Louis Community Credit Union’s commitment to Ferguson goes way beyond its branch presence. The organization has also developed programs to assist Ferguson residents with financial education and car loans that allow them access to better employment opportunities. Furthermore, the credit union has invested in youth by hiring interns and working with the Urban League’s Save Our Sons program thus offering financial education to its participants.

A full-service financial institution, St. Louis Community Credit Union primarily serves low-to-moderate income individuals living in and around the region’s urban areas. Often, this segment does not have convenient access to much-needed financial services. The credit union offers a holistic approach to financial capability by providing credit building products, second-chance checking accounts, a payday loan alternative and hands-on financial education that helps disenfranchised consumers. 

St. Louis Community Credit Union has 11 locations. Three of its branches are embedded within social service agencies: Metropolitan Education and Training (MET) Center (Wellston), Grace Hill (Water Tower Area) and Kingdom House (near downtown).

Caption: Pictured are (from left) Patrick Adams, CEO, SLCCU; Beth Otten, branch manager, SLCCU – Ferguson; Patricia Adams, Supervisory Committee, SLCCU Board of Directors; Brandy Bryant, assistant branch manager, SLCCU – Ferguson; Gerald Brooks, board chairman, SLCCU Board of Directors; Patricia Parchmon, VP – Branch Operations, SLCCU; Felicia Pulliam, JD, Ferguson Commission and development director, FOCUS St. Louis; Tony Grandison Jr., Business Development specialist, Office of Congressman Wm. Lacy Clay; Steven Wood, board member, SLCCU Board of Directors; and Tim Butler, vice chairman, SLCCU Board of Directors.