We're amazed (daily) by all of the ways credit unions give back to their communities. Scrolling through our Facebook news feed, we found several credit unions that deserve the spotlight for their efforts. Read below!
Nationally, financial institutions have been following the Consumer Financial Protection Bureau's (CFPB) proposed rule regarding payday and small-dollar lending. This proposal has the potential to affect credit union lending of all types, including small-dollar, installment and auto refinances.
Recently, news publications in both Springfield and St. Louis highlighted the credit union difference. The Springfield Business Journal hosted a credit union CEO roundtable, and the St. Louis Post-Dispatch named four credit unions as "Top Workplaces."
Springfield Credit Unions Participate in Roundtable
St. Louis Community Credit Union has built its reputation as a key contributor to the betterment of the communities in which it operates. The credit union’s offices may have been closed for business on Columbus Day (in honor of the Federal Reserve System holiday), but that did not stop the organization’s 156+ employees from serving others
Prosperity Connection has been selected by the Consumer Financial Protection Bureau (CFPB) to participate in the federal agency’s Financial Coaching Initiative. As part of this initiative, Prosperity Connection will host a full-time financial coach to work with its clients to help them with their financial goals.
On Wednesday, May 20, 2015, St. Louis Community Credit Union received the America Saves Designation of Savings Excellence for Credit Unions, a new designation from America Saves that recognizes credit unions that go above and beyond to encourage people to save money during America Saves Week.
Statewide credit unions have been busy awarding scholarships to high school and college students. Read below for the latest scholarship recipients from the St. Louis area.
Prosperity Connection (founded by St. Louis Community Credit Union)
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.
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.
Recently, News Now highlighted St. Louis Community Credit Union's partnership with Community Action Agency of St. Louis County (CAASTLC), a local low-income intervention services organization. This collaboration positively impacts the community and makes homes livable for low-income people.
