St. Louis, MO – 1st Financial Federal Credit Union announces a 2017 partnership with STL Youth Job’s new youth initiative in North County. The program, funded by Emerson, equips youth ages 18-24 in the North County area with job readiness training, life skills training, and financial literacy.
“Through our remarkable partnership with 1st Financial Federal Credit Union, not only are we able to provide youth with a safe and youth-friendly banking product, but we are also able to give them the tools they need to stay financially empowered into adulthood,” said Hillary Frey, Executive Director at STL Youth Jobs.
Over the past two years, 1st Financial has supported the efforts of STL Youth Jobs which has employed 359 youth and worked with over 80 employers through the Ferguson Forward initiative in North County. In 2015-2016 alone, 71% of youth participants were hired on by their employer, found new employment or were connected to other training programs.
“STL Youth Jobs provides young people with an opportunity to earn a paycheck and develop transferable workplace skills, including the skills to manage their own finances. The combination of these resources is the perfect formula for long-term success and a better prepared future workforce,” said Frey.
1st Financial will provide the participating youth with banking resources including savings accounts, checking accounts, and free debit cards. 1st Financial also equips the youth through financial empowerment courses.
“We are incredibly happy to support the youth involved in STL Youth Jobs: North County. This program brings much needed skills and opportunity to an under served community. We were invited to be a partner so the participants could truly be empowered through full financial capability,” said Tracy Verner, Community Development Manager at 1st Financial.
1st Financial partners with local nonprofit and government initiated organizations to serve the needs of greater St. Louis community.
“1st Financial members can be sure that when they invest their money into a checking account or auto loan, they get more than just a great banking product. They are investing in the future success of our community,” said Verner.
1st Financial Federal Credit Union is a Community Development Financial Institution (CDFI) and the 2016 Community Credit Union of the Year by Credit Union National Association (CUNA). For more information about 1st Financial Federal Credit Union and the credit union difference, visit www.thebetterwaytobank.org.
About 1st Financial Federal Credit Union
Like all credit unions, 1st Financial is a member-owned, financial cooperative. 1st Financial Federal Credit Union was chartered on September 3, 1968 as District 837 Credit Union by the International Association of Machinist members employed by McDonnell Douglas. Today, with over 30,000 members and over $220 million in assets, 1st Financial is a St. Louis metro area financial institution dedicated to helping members achieve their financial dreams. For over 45 years 1st Financial has provided members with a full line of dependable financial products and services which returns profits to the members in the form of lower rates on loans and higher savings yields. The cooperative nature of credit unions enables 1st Financial to provide products and services at very reasonable rates.
1st Financial Federal Credit Union serves those who live, work, worship, attend school, or regularly conduct business in St. Louis City, St. Louis County, and St. Charles County, Missouri and a wide array of companies throughout the St. Louis metropolitan area. 1st Financial is a member-owned, not-for-profit financial organization committed to providing quality services to the membership while demonstrating safe and sound business practices. Deposits are federally insured by the National Credit Union Administration (NCUA), an agency of the U.S. Government. For more information, please visit www.thebetterwaytobank.org.