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Strong Support for MCUCF, Credit Unions on Give STL Day

On May 5, the Missouri Credit Union Charitable Foundation (MCUCF) was one of the 790 nonprofits participating in Give STL Day. On this day of giving, these nonprofits raised more than $2.1 million to support the St. Louis metropolitan community.

In support of MCUCF’s mission, 1st Financial Federal Credit Union (Wentzville) made a $1,000 donation and challenged fellow credit unions to do the same. Several donations were made online and mailed in, and the Missouri Credit Union Association (MCUA) matched all of these generous donations—in total more than $7,200 was raised for MCUCF in one day!

MCUCF will use this funding to support financial education projects, credit union and community development initiatives and training scholarships for credit union staff. Click here to learn more about MCUCF. 

We thank everyone who shared the Give STL Day message or donated to MCUCF. You truly made a difference in the community! Check out the infographic at right to see how much can be accomplished in just one day.

Credit Unions Involvement in Give STL Day

On Give STL Day, 1st Financial Federal Credit Union promoted its partnership—on social media and in branch—with the City of St. Louis Treasurer’s Office in an effort to obtain additional resources and funding for College Kids. This innovative program will promote college savings and financial literacy for the city’s youth, and it’s set to launch in the fall of the 2015-16 school year.

College Kids’ purpose is to provide all kindergartners enrolling in St. Louis Public Schools and St. Louis City charter schools with a savings account for postsecondary education, which will help make postsecondary education an option for everyone in St. Louis. A $50 deposit funded by the Treasurer’s Office for each student will get the program started.

1st Financial Federal Credit Union was chosen by the City of St. Louis Treasurer’s Office to open accounts and provide ongoing banking engagement for the program. Approximately 3,500 incoming kindergartners will receive accounts.

 “1st Financial has been a wonderful partner in our financial empowerment initiatives since shortly after I started in 2013,” says Janiene Garcia, College Savings’ account coordinator. “The ability to house the accounts at a credit union allows children and families to deposit additional funds at any branch that participates in the shared branch network, giving us a strong regional footprint. Additionally, the staff at 1st Financial stand ready to volunteer with us to make sure the program reaches as many as possible."

Prosperity Connection (originally the St. Louis Community CU Foundation) also participated in Give STL Day. Established in 2010 by the leadership of St. Louis Community Credit Union, Prosperity Connection is an independent 501(c)(3) dedicated to strengthening the St. Louis region through economic empowerment by providing financial education, resources and support to low/moderate income residents in an effort to improve their standard of living and better their lifestyle.

St. Louis Community Credit Union supports Prosperity Connection by providing a number of services, including free financial coaching and group seminars, access to academic scholarship funds for adults and much more. Prosperity Connection also works collaboratively with St. Louis Community Credit Union, as well as other financial institution partners, to provide its clients with a range of affordable account service and consumer loan options that meet their unique financial needs.

To learn more about Prosperity Connection, watch this video: https://youtu.be/xEn_tWOIoGQ