New St. Charles Branch Groundbreaking Scheduled for March 1

St. Charles, MO (February 13, 2017) – 1st Financial Federal Credit Union is breaking ground on a new credit union branch in St. Charles. Plans for the new branch include an innovative open concept lobby with teller pods in place of counters, a coffee bar for members and a more convenient location.newBranch_rendering

The professional team at La Macchia Group, LLC, a Milwaukee-based firm that specializes in financial institutions, created the design and will manage the construction. Local Union contractors will be used for construction.

A groundbreaking ceremony is scheduled for 10 a.m. on Wednesday, March 1, 2017 at the new branch location at 1721 Zumbehl Rd. which is at the intersection of Zumbehl Road and Highway 94 in St. Charles. Construction is expected to take approximately 6 months to complete. During the construction phase, there will be no interruption of member service at the credit union’s current St. Charles branch location.

In making the announcement, 1st Financial CEO Carol Minges said, “We are excited about our move to the new location in St. Charles. This building shows our commitment to the St. Charles community. Unlike a large bank that is driven by profits for shareholders, 1st Financial is a member-owned cooperative that puts our members first. For the last 49 years we have been helping to build the communities that we serve in and we look forward to continuing to serve the St. Charles community at this new location.”

1st Financial, a $222 Million Community Development Financial Institution (CDFI) credit union, operates four physical branches in Missouri in the communities of Wentzville, St. Charles, Hazelwood, and in the heart of the City of St. Louis.

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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 34,000 members and $222 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.