1st Financial Federal Credit Union Launches Online Account Opening

Wentzville (August 15, 2018) – 1st Financial Federal Credit Union recently added Online Account Opening to its suite of online banking services. Users can now join the credit union or open a new account completely online from anywhere, with full security and 100% compliance to all banking regulations.

“With the acceptance and success of our current online services, online account opening was a natural progression for us,” said Carol Minges CEO of 1st Financial Federal Credit Union. “Not only can members apply and get funded for loans online, but now they can open a checking or savings account without leaving the comfort of their home.”

Online account opening is just one of a number of digital services that 1st Financial Federal Credit Union offers to help its more than 30,000 members achieve their financial goals. Whether it’s to spend, save, borrow or plan, 1st Financial is dedicated to providing its member-owners with access to the best digital options for banking how they want, when they want and from the device of their choice.

In 2017, 1st Financial added online chat to their online services as well as launched a new cutting-edge mobile banking app that offers a cohesive, seamless user experience. “We know we need to keep moving our digital capabilities forward to best serve our members and we’re committed to continually evolving as our members’ banking needs change,” said Minges.

In addition to opening an account online, current and new members can also visit one of 1st Financial Federal Credit Union’s four local branches.

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

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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. With assets exceeding $250 million, 1st Financial serves more than 34,000 members. For more information about 1st Financial Federal Credit Union, visit www.thebetterwaytobank.org.


1st Financial Federal Credit Union Raises Savings Rates

Wentzville (June 27, 2018) – 1st Financial Federal Credit Union hiked its Certificate of Deposit (CD) dividend rates this month. A 44-Month CD is now 2.85% APY — more than 3X times the national bank average for similar terms — offering members in the St. Louis area an opportunity to grow their money faster and improve their financial well-being.

The new rate for the special jumbo CD represents a bump of 60 basis points, and rate increases were made to a number of the credit union’s CDs with terms ranging from 3 to 60 Months.

“The majority of our members are not rate chasers — they come to 1st Financial for consistently high rates and tend to stay with us,” said Carol Minges, 1st Financial’s CEO. “We set our pricing where we believe we can sustain it so our members don’t have to keep bouncing from bank to bank to find that extra basis point.”

CLICK HERE to learn more about 1st Financial’s savings products

1st Financial members also enjoy free online and mobile banking, access to more than 30,000 surcharge-free ATMs, and more than 5,000 nationwide CO-OP branches.

For more information, please contact 636-916-8300 or visit www.thebetterwaytobank.org.

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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. With assets exceeding $250 million, 1st Financial serves more than 34,000 members.  For more information about 1st Financial Federal Credit Union, visit www.thebetterwaytobank.org.


1st Financial Federal Credit Union Celebrates 50 Years with 50 Acts of Cooperation

Wentzville, MO (June 4, 2018) –  In 2017, a group of employees at 1st Financial Federal Credit Union had a vision for the credit union to help build community on a larger scale in 2018.

Laura Woods, Vice President of Marketing and Community Presence, who has played an integral role in building 1st Financials community development program knew, alongside her team, the perfect way to celebrate the credit union’s 50th anniversary was to focus on the importance of cooperation in our community. Out of that idea, 50 Small Acts of Cooperation was born.

“In 1968 District 837 Credit Union (now 1st Financial Federal Credit Union) was created from the idea that if we can find a better way to work together, we can accomplish great things. But our niche can’t just be in our structure as credit union.  We are not for profit, but if there is no discernable difference for the member, it’s vapor.  It’s nothing.  So, we talk about our structure as a credit union, because out of our MISSION, comes our INTENT, which drives our ACTION,” said Woods.

50 Small Acts of Cooperation helps 1st Financial members, nonmembers, and local nonprofits with anything from paying a bill to collecting school supplies to participating in paid employee volunteer days to feeding the homeless and more. To date, 1st Financial has completed 20 of the 50 Acts that they have planned in 2018.

The first person to benefit from the 50 Acts of Cooperation project was 1st Financial Member David W., who spends his own money to help feed the homeless in St. Louis each week. 1st Financial was proud to help David by gifting him with a small monetary gift to help continue the strong community work that he’s doing by caring for the unhoused community.

David said, “When I first started working in the city, I’d see a lot of homeless people and I felt like I could do a bit more. I can go home to a comfortable bed, but every day I’d see them laying on the streets. I can’t give them a bed, but I can get them something to eat.”

1st Financial also sponsored Cathy Daniels (also known as Mama Cat), a 1st Financial member and the creator of PotBangerz – Feed the Body Mission, a 501c3 organization that builds community daily through their mission to feed and provide shelter for St. Louis’ unhoused community. 1st Financial was proud to help PotBangerz obtain their 501c3 status to continue their work in the community.

Mama Cat said, “We are not exempt from being unhoused. I didn’t think I could be and then I was. If we take everybody with us, we can go so much further. None of us are as good as ALL of us.”

1st Financial member Scott, who is a recovering addict was given the opportunity to open a checking account with a monetary gift to help him turn his financial life around. After having been turned away by other financial institutions, Scott was grateful to be given a second chance at a new life.

“When you’re in addiction and you’re trying to get your life back together that’s a big step to get a checking account because for the longest time you didn’t worry about that,” said Scott. “You have no idea what that meant to me.”

“We aren’t just the better way to bank because our Board and CEO isn’t getting rich.  We are better because we invest tens of thousands of dollars into our communities, to heal real issues.  And we lend every dollar we get to people who need access to low interest and available credit and we produce real impacts,” said Woods.

1st Financial is currently accepting nominations for 50 Acts of Cooperation at https://www.1stfinancialfcu.org/50-small-acts-cooperation/. Nominations are open to the public.

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

 

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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. With assets exceeding $250 million, 1st Financial serves more than 34,000 members.  For more information about 1st Financial Federal Credit Union, visit www.TheBetterWayToBank.org.

 


1st Financial Federal Credit Union Celebrated Strong Growth in 2017

1st Financial Annual Meeting

Photo Above: 1st Financial Federal Credit Union 2018 Annual Meeting held at the Hazelwood Branch.

Wentzville (May 22, 2018) – 1st Financial Federal Credit Union, a Community Development Financial Institution (CDFI), recently held their 49th Annual Meeting.  In 2017, 1st Financial celebrated strong growth ending the year with more than $250 million in assets.  The credit union hit this new milestone in assets while maintaining their strong commitment to the community including donating 508 employee hours to volunteering in the community in 2017.

“When we have a successful financial year like we did in 2017, we see it not only as our success, but as the success of all of our members,” said Carol Minges, CEO of 1st Financial Federal Credit Union.

1st Financial has a strong presence in the St. Louis area with two branches located in St. Charles County; one branch in St. Louis County; a branch on Washington Ave, in the heart of the City of St. Louis; as well as more than 30,000 shared branches nationwide.

At the Annual Meeting, 1st Financial welcomed new Board of Director members Robert Noonan and Jennifer Coliny. Robert Rutkowski was reappointed to the board. Gina Hakenewerth was appointed the new chairwoman of the Board of Directors.  Ms. Hakenewerth succeeds previous chairman, James P Combs, who faithfully served as board chairman for the past seven years.  Under Chairman Combs leadership, the credit union grew from $204 million in assets to $257 million in assets and rolled out many innovative products and services that serve our membership.  Chairman Combs served 10 years on the 1st Financial Board and Supervisory Committee.

“We are proud to have a dedicated group of Board of Directors and Supervisory Committee members that are committed to the success of our credit union and to ensuring that we are meeting the needs of our membership,” said Minges.

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

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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. With assets exceeding $250 million, 1st Financial serves more than 34,000 members.  For more information about 1st Financial Federal Credit Union, visit www.thebetterwaytobank.org.


1st Financial Federal Credit Union Wins Industry Marketing Award

Photo Above: (left to right) Chelsea Springli, Marketing Coordinator; Tracy Verner Community Development Manager; Laura Woods, Vice President of Marketing and Community Presence; Andrew Potts, Creative Marketing Designer; Katie Tucker, Marketing Communications Manager.

Wentzville (May 1, 2018) – 1st Financial Federal Credit Union, was recently honored with a Diamond Award, which recognizes outstanding marketing and business development achievements in the credit union industry.

The award was presented by the Credit Union National Association (CUNA) Marketing & Business Development Council, a national network comprised of over 1,300 credit union marketing and business development professionals.

1st Financial Federal Credit Union won the Direct Mail category for its New Member Welcome campaign. The New Member campaign includes a letter with all of the pertinent information that the member needs to know about their new account as well as a New Member Guide to help them take advantage of everything that a credit union membership has to offer. New members also receive an email with a video from the credit union CEO and a phone call from a local credit union branch manager to answer any questions that they might have.

“We’re thrilled to be recognized for our New Member Welcome campaign by CUNA,” said Laura Woods, VP of Marketing and Community Presence. “We understand how important first impressions are and that the first 90 days at the credit union are the most critical in the member’s journey and we work hard to educate and inform our new members.”

For more information on the Diamond Awards or to view the entire list of winners, go to www.cunacouncils.org/awards.

For more information about 1st Financial Federal Credit Union, please visit www.thebetterwaytobank.org.

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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. With assets exceeding $250 million, 1st Financial serves more than 34,000 members.  For more information about 1st Financial Federal Credit Union, visit www.thebetterwaytobank.org.

 

About CUNA Marketing & Business Development Council

The CUNA Marketing and Business Development Council is a member-led community of marketing and business development professionals dedicated to providing relevant resources and tools essential for success to its members. The CUNA Marketing and Business Development Council is one of seven CUNA Councils, a network of thousands of credit union professionals nationwide. For more information, visit www.cunacouncils.org.


1st Financial Federal Credit Union Hosted Free Shred Day Event

Wentzville (April 25, 2018) – 1st Financial Federal Credit Union hosted a free Shred Day community event on Saturday, April 21 at their Wentzville and Hazelwood branches.

1st Financial teamed up with the local The Shred Truck Company to provide 1st Financial members and the community with the opportunity to shred personal documents. More than 150 people brought items to be shredded; totaling over 10,000 pounds of documents.

“We’re happy to provide security services like this for our members and the community.  In an age when protecting your personal information is both a challenge and a requirement, we’re glad to be part of the solution,” said Laura Woods, Vice President of Marketing & Community Presence at 1st Financial Federal Credit Union.

1st Financial is dedicated to the financial well-being of their membership including educating the community about the importance of identity theft protection. For more information about 1st Financial visit, www.thebetterwaytobank.org.

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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. With assets exceeding $250 million, 1st Financial serves more than 34,000 members.  For more information about 1st Financial Federal Credit Union, visit www.thebetterwaytobank.org.


1st Financial Federal Credit Union to Host Free Shred Day Event

1st Financial Federal Credit Union Free Shred Day 2018

Wentzville (March 22, 2018) – 1st Financial Federal Credit Union is hosting a free Shred Day community event on Saturday, April 21, from 9 a.m. to Noon at two local branches.

1st Financial Shred Day locations include:

  • Hazelwood Branch – 5916 North Lindbergh Hazelwood, MO 63042
  • Wentzville Branch – 1232 Wentzville Pkwy Wentzville, MO 63385

The Shred Truck company has been contracted to shred the documents on onsite. Shred Truck is a certified document shredding company that provides mobile on-site document shredding services throughout the greater St. Louis metropolitan area.

This community-wide event is free and open to the public.

For more information, please contact 636-916-8300 or visit www.thebetterwaytobank.org.

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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. With assets exceeding $250 million, 1st Financial serves more than 34,000 members.  For more information about 1st Financial Federal Credit Union, visit www.thebetterwaytobank.org.


First Credit Union in MO to Partner with Carvana

1st Financial Logo Blue

 

ST. LOUIS (March 15, 2018) — Carvana, a leading e-commerce platform for buying used cars, and 1st Financial Federal Credit Union, a Missouri-based credit union with over $220 million in assets, today announced a partnership to provide 1st Financial members with a simple, affordable, and convenient car buying solution. 1st Financial is the first credit union in Missouri to partner with Carvana.

The partnership will offer 1st Financial’s more than 34,000 members access to Carvana’s expansive inventory of company-owned, high quality used vehicles, combined with the credit union’s low-rate financing. Members can now easily apply their 1st Financial approvals to Carvana vehicles and enjoy the benefits of a completely seamless online buying process that allows members to have their cars delivered as soon as the next day.

“Our partnership with Carvana is just another example of our commitment to giving members the best products and services to meet their needs. In today’s market, we understand that time is our biggest commodity and what better way to save time then buying your car online? We can’t wait to help our members take advantage of it.” said Michelle Rosner, Chief Lending Officer at 1st Financial.

All 10,000+ vehicles on Carvana.com are Carvana Certified and have passed a rigorous 150-point inspection with all features, imperfections and updated information about open safety recalls listed on the car’s vehicle description page. Financial members also have access to Carvana’s 100-day/4,189-mile limited warranty, as well as its 7-day money back guarantee, which enables customers to return their vehicle and receive a full refund. Auto buyers also receive a free CarFax from Carvana.

For more information on purchasing a car through Carvana, 1st Financial members can visit: https://www.carvana.com/1stfinancial.

For more information about 1st Financial Federal Credit Union, visit www.thebetterwaytobank.org.

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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. With assets exceeding $250 million, 1st Financial serves more than 34,000 members. For more information about 1st Financial Federal Credit Union, visit www.thebetterwaytobank.org.

About Carvana
Founded in 2012 and based in Phoenix, Carvana’s (NYSE: CVNA) mission is to change the way people buy cars. By removing the traditional dealership infrastructure and replacing it with technology and exceptional customer service, Carvana offers consumers an intuitive and convenient online automotive retail platform. Carvana.com enables consumers to quickly and easily buy a car online, including finding their preferred vehicle, qualifying for financing, getting a trade-in value, signing contracts, and receiving delivery or pickup of the vehicle from one of Carvana’s proprietary automated Car Vending Machines. For further information on Carvana, visit www.carvana.com.


Guiding Families Home through Partnership

1st Financial Employees presenting $783.69 check to Gateway 180

Photo Above (left to right): 1st Financial Federal Credit Union’s Downtown branch team members Aaron Mahanay and Karen Neel presented a check to Gateway 180’s Emily Elking in November.

St. Louis, MO (November 22, 2017) – 1st Financial Federal Credit Union recently awarded $783.69 to local St. Louis nonprofit Gateway 180. This donation was made possible through 1st Financial’s monthly Helping People 1st grant.

The Helping People 1st grant was created by 1st Financial to support local non-profit organizations who focus on job training, financial literacy, or sustainable housing in the metro St. Louis area. Those core values also align with 1st Financial’s overall purpose to “help people achieve their financial dreams.”

Anne Ramsey, Marketing & Event Manager for Gateway 180 expressed her gratitude, “Thank you 1st Financial Federal Credit Union! Your support is invaluable to Gateway 180”.

1st Financial Federal Credit Union is a Community Development Financial Institution (CDFI) and was honored with the 2016 Community Credit Union of the Year award by the Credit Union National Association (CUNA).

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

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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 30,000 members4 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 TheBetterWayToBank.org.

 About Gateway 180:

Gateway 180, a non-profit organization based in St. Louis, MO is a member of the St. Louis Continuum of care for Ending Homelessness. Gateway 180 is the largest 24-hour emergency housing organization in Missouri. They provide safe, clean emergency shelter and supportive housing services designed to empower adults and families to become independent and permanently housed.


1st Financial Federal Credit Union Celebrates Ribbon Cutting in St. Charles

Posed Ribbon Cutting Pictures with all in attendance in front of new St. Charles branch.

Pictured above cutting the ribbon (in the middle, from left to right) are: St. Charles Mayor, Sally Faith; 1st Financial CEO, Carol Minges; St. Charles Branch Manager, Chuck Holmes; and 1st Financial Chairman of the Board, Jim Combs. They are surrounded by: 1st Financial Board Members, Paul Sikorski, Victoria Reed, Bo Setzekorn, and Gina Hakenewerth; as well as many 1st Financial staff members and friends.

St. Charles, MO (October 23, 2017) – 1st Financial Federal Credit Union, recently held a ribbon cutting ceremony celebrating the completion of their new branch located at 1721 Zumbehl Road in St. Charles.

The new full-service branch has been assisting members with their daily banking transactions as well as loans, investment services, and commercial accounts. There is also a 24-hour ATM, convenient drive-thru service and a night depository at the branch.

1st Financial has four locations in the St. Louis area, but is also connected to a nationwide network of credit unions, extending our members access to 30,000 surcharge-free ATMs and 5,000 Shared Branch locations.

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

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Pictured below raising the American flag: 1st Financial observed the completion of the new Zumbehl Road branch with a flag-raising ceremony at the ribbon cutting event. Members of the American Legion Guard of Honor Post 313 joined the 1st Financial staff as they raised the flag.

Members of the American Legion Guard raise the flag.
Members of the American Legion Guard of Honor Post 313 joined the 1st Financial staff as they raised the flag.

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 members4 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 TheBetterWayToBank.org.