St. Louis Credit Union Celebrates Milestone for Million Dollar Giveback

Wentzville (July 23, 2019) –  1st Financial Federal Credit Union has announced a milestone of being halfway to reaching their goal to make and save $1 million for their 35,000 members throughout St. Louis and St. Charles County in 2019.  The 2019 “Million Dollar Challenge” began in January of this year and aims to put as much money as possible in the hands of the people who bank at 1st Financial.

Since the inception of the challenge, 1st Financial has given away more than $38K in checking account interest, $12K in savings interest, $3K in ATM fee refunds, $2K in debit card cashback and $18K in other reward checking refunds and interest.  Additionally, they have refinanced more than 309 loans from other lenders, with an average savings of $1,300 in interest payments per loan, for a reduction in loan interest payments of more than $400K for their members.

“The challenge is simple really. We want to save and make our members money and the Million Dollar Challenge is a fun way to do it. I’m excited to announce that as of July 1, our members have earned $565,128!” said Carol Minges, 1st Financial CEO.

Members of 1st Financial can make up to $600 per year in free reward checking bonuses and earn up to 16 times the national average in savings interest, as well as huge reductions in loan interest on auto loans with refinancing.  To learn more about becoming a 1st Financial member and the Million Dollar Challenge visit www.TheBetterWayToBank.org.

Each of the 1st Financial branches in St. Louis, Hazelwood, St. Charles and Wentzville will be celebrating this milestone over the coming weeks with free refreshments and giveaways. Come celebrate on Friday, August 16th with their halfway to a million milestone.

About 1st Financial Federal Credit Union

 

Established in 1968, 1st Financial Federal Credit Union is full-service financial cooperative whose mission is to improve the financial well-being of its members. Membership is available to anyone who lives, works, or worships within St. Charles County, St. Louis County, or the City of St. Louis.  For more information about 1st Financial Federal Credit Union, visit www.thebetterwaytobank.org.

 

###


St. Louis Credit Union Named a Best Place to Work

Wentzville, MO (July 23, 2019) – 1st Financial Federal Credit Union, a not for profit community development financial institution serving people throughout St. Louis and St. Charles County, was recently awarded a 2019 Top Workplaces honor by the St. Louis Post-Dispatch.

The Top Workplaces winners are picked based solely on employee feedback gathered through a third-party survey measuring several aspects of workplace culture, including alignment, execution, and connection, just to name a few. The just over 100 employees of 1st Financial chose the credit union as a top workplace, citing a higher sense of purpose and integrity in the work they do, as a primary reason.

Carol Minges, 1st Financial CEO said, “Our employees are the key reason for our success. I’m grateful to work with such a passionate team of employees who believe in our vision to help our members achieve their financial dreams.”

On top of being a member-owned financial cooperative which exists to serve their community, 1st Financial provides a competitive employee benefits package including health insurance, employer-paid life insurance, retirement savings 401(k) with employer match, paid vacation, and 10 paid holidays. Plus, a paid birthday holiday, wellness program, gym membership subsidy, tuition reimbursement, employee assistance program, employee loan program, paid time off to volunteer in the community each month, and development opportunities.

“Top Workplaces put the employee at the center of things and focuses on creating the right environment to unleash potential and inspire performance,” said Doug Claffey, CEO of Energage, the Post-Dispatch’s research partner for Top Workplaces.

For more information about 1st Financial Federal Credit Union and the credit union difference, visit www.thebetterwaytobank.org.

###

About 1st Financial Federal Credit Union

Established in 1968, 1st Financial Federal Credit Union is a full-service financial cooperative whose mission is to improve the financial well-being of its members. Membership is available to anyone who lives, works, or worships within St. Charles County, St. Louis County, or the City of St. Louis.  For more information about 1st Financial Federal Credit Union, visit www.thebetterwaytobank.org.


Making an Impact on Our Community

Making an Impact

1st Financial Federal Credit Union is more than just a banking institution. Like all credit unions, we were created with a philosophy of ‘People Helping People’. We’re more than just a checking account or auto loan service provider.  We are a not for profit community development financial institution, using our limited resources to change lives throughout the St. Louis and St. Charles communities. We are making an impact in our community.

Helping People 1st Grant: Studies show that some of the largest hurdles for financial success stem from issues with sustainable housing, job training, and education in our communities. To help we’ve created a community development program that offers small monthly grants to local nonprofits and government programs to strategically support their efforts. In Q2 2019, we awarded Beyond Housing, Little Bits Foundation and Habitat for Humanity ReStore with Helping People 1st grants.

Volunteer Days: As part of our commitment to the community, we offer financial resources to our local nonprofits focused on education, job training, and sustainable housing.  But we also know that financial resources are not always the biggest need for these organizations.  For that reason, we offer every employee 8 hours of paid volunteer time each month, to serve our partners in a hands-on way in the community. Our volunteer team served Beyond Housing by painting a home for a very deserving family in need. At the Little Bits Foundation we worked in the warehouse where we sorted through donations that will be going out to the local schools. We also teamed up with Habitat for Humanity ReStore to organize and price items to help offset the cost of building homes for families in need.

At 1st Financial, we want you to know that when you invest your money in one of our checking accounts or auto loans, you’ve done more than give yourself a low-cost banking product. You’ve also invested in the future success and continued change in the communities that you love.

Where you bank really does matter!