1st Financial Federal Credit Union and STL Youth Jobs Program Celebrate 2nd Year of Summer Partnership

August 31st, 2015-1st Financial Federal Credit Union completes the second year of its partnership with the City of St. Louis and Treasurer Tishaura Jones as the financial literacy advocate for the Summer Youth Employment and Financial Capability Program.

According to the FDIC’s Economic Inclusion Survey, in 2013 29.3% of all Missouri households were considered either unbanked or underbanked while the national average was 27.7%.  High unbanked and underbanked percentages often have a direct influence on the poverty level of a region.   In order to combat this trend, 1st Financial Federal Credit Union partnered with STL Youth Jobs for their Summer Youth Employment and Financial Capabilities Program to serve the underbanked population of St. Louis.

The Summer Youth Employment and Financial Capability Program employs eligible youth between the ages of 16 and 24 from the middle of May through August.  Participants earn a competitive wage while building confidence, responsibility, references, soft skills, and financial literacySince May of 2014, 1st Financial has taught financial empowerment courses during orientation while covering topics including building credit, how payday lenders work, and the importance of having a savings.  Additionally, 1st Financial developed no fee checking and savings accounts specifically for STL Youth Jobs.

The accounts are linked to debit cards to promote ease of use and encourage saving behavior by offering direct deposit and automatic allocations to savings accounts.  To date, STL Youth Jobs participants have saved over $40,516.06 into 1199 accounts.

“The Summer Youth Jobs program has increased financial literacy among young employees,” said City of St. Louis Treasurer Tishaura O. Jones.  “Our partnership has provided free checking and saving accounts to every program participant.  We are giving youth the financial education needed to ensure that they have access to safe financial services and a solid foundation to save their money which will produce long-term residual effects.”

Lisa Potts of the St. Louis Unbanked Taskforce described her experience with STL Youth Jobs members where the youth created a Youth Financial magazine: On the Money STL.  “We were grateful to be able to participate in the Summer Jobs Program.  Starting from the ground up, our dream of creating a financially focused magazine for young adults came true in part because of the hard work of students from the program.”

She continued, saying “Our employees were highly capable, motivated and acted as leaders within our group.  They helped us promote our mission of financial literacy to their peers– helping to educate younger members of our community in order to build future generations of financially capable individuals. “

For more information about the Summer Youth Employment Program, please visit http://stlyouthjobs.org/.

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

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Pictured: Tracy Verner (left), Community Development Manager at 1st Financial Federal Credit Union and Carol Minges (right), Chief Executive Officer of 1st Financial Federal Credit Union with a STL Youth Jobs participant during orientation.

About 1st Financial Federal Credit Union

Like many credit unions, 1st Financial is a member-owned, not-for-profit financial cooperative committed to providing quality services to the membership while demonstrating safe and sound business practices. 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. 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 reasonable rates on loans and higher savings yields.

Today, with over 30,000 members and $204 million in assets, 1st Financial is able to serve anyone who lives, works (regularly does business in), worships or attends school in the City of St. Louis, St. Louis County or St. Charles County. Deposits are federally insured by the National Credit Union Administration (NCUA), an agency of the U.S. Government.

Not a credit union member? Visit www.TheBetterWayToBank.org for more information.


1st Financial Federal Credit Union Supports Housing Programs in St. Charles County with Habitat for Humanity

August 25th, 2015- 1st Financial Federal Credit Union served Habitat for Humanity of St. Charles County in July as a part of its Helping People 1st Grant Program.

1st Financial created the Helping People 1st Grant to assist non-profit organizations that are focused on housing, financial literacy, job training, or education efforts in the St. Louis area. In July, the St. Charles Branch continued this support by working with Habitat for Humanity of St. Charles County.

To support Habitat for Humanity help fund low cost housing projects in the area, the St. Charles branch hosted multiple food days during July to promote Habitat while also collecting donations. Additionally, on Wednesday July 29th, a group of 1st Financial employees volunteered to work on a Habitat for Humanity build located in Wentzville. On Friday, August 7th, St. Charles Branch Manager Chuck Holmes presented a check totaling $818.66 to Habitat for Humanity of St. Charles County.

“We are thankful for the partnership we have established with 1st Financial Federal Credit Union,” said Lauren Grotegeers, Resource Development Coordinator for Habitat for Humanity of St. Charles County. “They are excellent and very hardworking volunteers on our construction sites and their donation will go to continue building simple, decent and affordable homes for our families in St. Charles County.”

Habitat for Humanity of St. Charles County is a non-profit, independent affiliate of Habitat for Humanity International. Their employees are dedicated to building affordable housing for low income families. Habitat accomplishes this by constructing energy-efficient homes with the help of a volunteer workforce and supplementing their materials budget through donations and profits from their Re-Store.

For more information on Habitat for Humanity of St. Charles County, please visit http://habitatstcharles.org/

For more information on 1st Financial Federal Credit Union and the credit union difference, please visit www.1stfinancialfcu.org or call (636) 916-8300.

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Pictured from Left to Right: Shelitta Hairlson, Contact Center Manager at 1st Financial Federal Credit Union; Chuck Holmes, St. Charles Branch Manager for 1st Financial Federal Credit Union; and Lauren Grotegeers, Resource Development Coordinator for Habitat for Humanity of St. Charles County.

About 1st Financial Federal Credit Union

Like many credit unions, 1st Financial is a member-owned, not-for-profit financial cooperative committed to providing quality services to the membership while demonstrating safe and sound business practices. 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. For more than 45 years, 1st Financial has provided members with a full line of dependable financial products and services which return profits to members in the form of reasonable rates on loans and higher savings yields.

Today, with over 30,000 members and $204 million in assets, 1st Financial is able to serve anyone who lives, works (regularly does business in), worships or attends school in the City of St. Louis, St. Louis County or St. Charles County. Deposits are federally insured by the National Credit Union Administration (NCUA), an agency of the U.S. Government.

Not a credit union member? Visit www.TheBetterWayToBank.org for more information.


1st Financial Federal Credit Union Serves St. Louis Area Women and Children

July 28th, 2015- 1st Financial Federal Credit Union supports Redevelopment Opportunities for Women in June as a part of its Helping People 1st Grant Program.

1st Financial created the Helping People 1st Grant to support non-profit organizations who are focused on housing, financial literacy, job training, or education efforts in the St. Louis area. In June, the Downtown Branch on Washington Avenue continued this support by working with Redevelopment Opportunities for Women.

Redevelopment Opportunities for Women (ROW) is a St. Louis based non-profit that empowers low income women and their families to build economic security and hope for the future. Their employees are dedicated to creating a foundation where women are able to develop the necessary skills and abilities to begin to take control of their lives. On July 1, 2015, ROW officially merged with the Family Resource Center in order to serve a larger portion of the St. Louis area.

To support ROW and raise donations for their programs, the Downtown branch hosted a month long bake sale and held a barbecue grill raffle. On Thursday, July 23rd, Downtown Branch Manager Karen Neel presented a check totaling $1079.20 to Redevelopment Opportunities for Women.

“Redevelopment Opportunities for Women is grateful to 1st Financial Federal Credit Union’s Helping People 1st Grant,” said Angela Schultz, Program Director for Redevelopment Opportunities for Women. “The check for $1079.20, raised by the credit union’s members and staff will go a long way in helping us provide supportive, innovative services to women and their children in the St. Louis community. Thank you very sincerely for your support.”

For more information on Redevelopment Opportunities for Women, please visit http://www.row-stl.org/

For more information on 1st Financial Federal Credit Union and the credit union difference, please visit www.1stfinancialfcu.org or call (636) 916-8300.

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Pictured from Left to Right: John Heithaus, Chief Development Officer at the Family Resource Center; Kathy Riggs, Teller for 1st Financial Federal Credit Union; Angela Schultz, Program Director for Redevelopment Opportunities for Women; Yolanda Fisher, Capacity Building Coordinator for Redevelopment Opportunities for Women; Sue Brush, Lead Teller for 1st Financial Federal Credit Union; and Karen Neel, Downtown Branch Manager for 1st Financial Federal Credit Union.

About 1st Financial Federal Credit Union

Like many credit unions, 1st Financial is a member-owned, not-for-profit financial cooperative committed to providing quality services to the membership while demonstrating safe and sound business practices. 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. For more than 45 years, 1st Financial has provided members with a full line of dependable financial products and services which return profits to members in the form of reasonable rates on loans and higher savings yields.

Today, with over 30,000 members and $204 million in assets, 1st Financial is able to serve anyone who lives, works (regularly does business in), worships or attends school in the City of St. Louis, St. Louis County or St. Charles County. Deposits are federally insured by the National Credit Union Administration (NCUA), an agency of the U.S. Government.

Not a credit union member? Visit www.TheBetterWayToBank.org for more information.

 


1st Financial Federal Credit Union Awards New Community Grant to Help Rebuild Homes in St. Louis

July 24, 2015- 1st Financial Federal Credit Union’s Your Community 1st Grant program has selected Vernon Mansfield and Blessings to Others to receive a $500 grant which will be used to support the creation of affordable housing for St. Louis area residents.

Because of the Helping People 1st Grant program, 1st Financial Federal Credit Union was able to help a large number of non-profits serve the St. Louis area in 2014, but many smaller scale operations still exist. In 2015, the 1st Financial Leadership team decided to expand their giving program and created the Your Community 1st Grant which focuses on individuals who are working for their community. Quarterly, 1st Financial will present a $500 donation to be used for an existing community need or certified 501(c)3 charitable organization or not for profit agency.

The latest recipient of the Your Community 1st Grant was chosen based on the severity of the need and willingness to work towards helping members of their community achieve personal or financial growth. (For example: Education, Housing, Financial Literacy, etc.) 1st Financial was excited to award the Your Community 1st Grant to Vernon Mansfield and Blessings to Others (BTO).

In his application, Mr. Mansfield spoke about using the grant to help provide a pipeline of rehabbed, quality, and affordable single family residences across the St. Louis region. By offering “Common Sense Rent” that is cost appropriate to each family and not based on generating profits while also providing ongoing life skills education and mentoring, Blessings to Others enhances the opportunity for real financial stability and strong family values which strengthen the St. Louis Community.

Funds from the grant will go directly to rehabilitation costs for a property at 5839 Ridge Avenue, St. Louis MO 63112. The staff at Blessings to Others estimates that a total of $7000 will be needed to complete repairs on the property.

“1st Financial’s philosophy of “people helping people”, their work in our community, and the help provided to people in need is sorely needed in today’s world,” said Mr. Mansfield. “BTO’s mission is to provide quality intermediate and affordable housing to individual families and strategic partners. We bridge the gap between transitional and permanent housing needs for individuals experiencing transformational change in their lives.”

He continued, saying “At BTO, we are so thankful and appreciative of 1st Financial’s community giving program. Their donation of $500 will enhance a community member’s ability to become financially stable.”

Branch Manager Tanya Forsythe presented the $500 Grant to Vernon Mansfield, Tim Grimmett, and Nancy Grimmett of Blessings to Others on Monday, July 20th 2015 at the 1st Financial Federal Credit Union Hazelwood Branch at 5916 N. Lindbergh.

For more information about Blessings to Others, please visit http://www.homebto.org/

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

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Pictured from Left to Right: Tanya Forsythe, Hazelwood Branch Manager for 1st Financial Federal Credit Union; Vernon Mansfield, Tim Grimmett, and Nancy Grimmett, of Blessings to Others.

About 1st Financial Federal Credit Union

Like many credit unions, 1st Financial is a member-owned, not-for-profit financial cooperative committed to providing quality services to the membership while demonstrating safe and sound business practices. 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. 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 reasonable rates on loans and higher savings yields.

Today, with over 30,000 members and $204 million in assets, 1st Financial is able to serve anyone who lives, works (regularly does business in), worships or attends school in the City of St. Louis, St. Louis County or St. Charles County. Deposits are federally insured by the National Credit Union Administration (NCUA), an agency of the U.S. Government.

Not a credit union member? Visit www.TheBetterWayToBank.org for more information.

 


1st Financial Earns 2015 Top Workplaces Award

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Wentzville, MO. – July 8th, 2015 1st Financial Federal Credit Union is pleased to announce that it has been selected as one of Top Workplaces in St. Louis for 2015.

The Top Workplaces are determined based solely on employee feedback. The employee survey is conducted by WorkplaceDynamics, LLC, a leading research firm on organizational health and employee engagement. WorkplaceDynamics conducts regional Top Workplaces programs with 45 major publishing partners across the United States. Over the past year, more than 6,000 organizations and 1 in every 88 employees in the U.S. have turned to WorkplaceDynamics to better understand what’s on the minds of their employees. Through its workplace improvement offerings, WorkplaceDynamics provides solutions, training and tools to help clients improve their workplace.

1st Financial employees praised the organization’s volunteer opportunities, positive working environment, and employee benefits program as reasons why 1st Financial was a Top Workplace.  1st Financial continued to build upon the success of its Helping People 1st Grant program as well as initiatives focusing on enhancing employee and member experience in 2015.

“I am honored to work beside such a great group of talented employees and I am delighted they agree that 1st Financial really is a great place to work,” said Carol Minges, Chief Executive Officer for 1st Financial Federal Credit Union.

She continued saying, “It takes all of us working together to make a positive difference and our current team of employees is one of the best I have had the privilege of working with.”

The St. Louis Post-Dispatch published the complete list of Top Workplaces on June 28th. For more information about the Top Workplaces lists and WorkplaceDynamics, please visit http://www.topworkplaces.com/frontend.php/regional-list/about/stltoday.

For more information on 1st Financial Federal Credit Union and the credit union difference, please visit www.1stfinancialfcu.org or call (636) 916-8300.

About 1st Financial Federal Credit Union

Like many credit unions, 1st Financial is a member-owned, not-for-profit financial cooperative committed to providing quality services to the membership while demonstrating safe and sound business practices. 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. 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 reasonable rates on loans and higher savings yields.

Today, with over 30,000 members and $204 million in assets, 1st Financial is able to serve anyone who lives, works (regularly does business in*), worships or attends school in the City of St. Louis, St. Louis County or St. Charles County. Deposits are federally insured by the National Credit Union Administration (NCUA), an agency of the U.S. Government.

Not a credit union member? Visit www.TheBetterWayToBank.org for more information.

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1st Financial Federal Credit Union Excited To Be Latest St. Louis Area Credit Union To Offer Apple Pay

July 6th, 2015- 1st Financial Federal Credit Union is now offering Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay.

1st Financial Federal Credit Union is excited to announce Apple Pay is now available for its members to use with their 1st Financial debit cards. Apple Pay is transforming how payments are made around the country, and will now offer 1st Financial Federal Credit Union members a new, secure way to make purchases.

Security and privacy is at the core of Apple Pay. When a user adds a debit card to Apple Pay, the actual card number is not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on the device. Each transaction is authorized with a one-time unique dynamic security code, instead of using the security code from the back of the card. Credit or debit card numbers are never shared by Apple with merchants or transmitted with payments.

“We are so pleased to offer this convenient service,” said Carol Minges, CEO of 1st Financial Federal Credit Union. “Apple Pay is a groundbreaking innovation that we are proud to share with our members.”

Apple Pay is easy to set up and users will continue to receive all of the rewards and benefits offered by their debit cards. In stores, Apple Pay works with iPhone 6, iPhone 6 Plus and Apple Watch.

Online shopping within apps accepting Apple Pay is as simple as the touch of a finger with Touch ID, so there’s no need to manually fill out lengthy account forms or repeatedly type in shipping and billing information. When paying for goods and services within apps, Apple Pay is compatible with iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3.

In addition to supporting secure payment options such as Apple Pay, 1st Financial is also in the process of replacing every active debit card with more secure EMV-Chip cards. EMV cards work by creating an encrypted connection between the cardholder and financial institution. By adding these new payment options, 1st Financial is proactively working to protect its members’ financial information.

For more information on Apple Pay, visit http://www.apple.com/apple-pay/

For more information about 1st Financial Federal Credit Union and using Apple Pay with a 1st Financial debit card, visit www.1stfinancialfcu.org/apple-pay

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 nearly $200 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.

Not a credit union member? If you live, work, worship, attend school, or regularly conduct business in St. Louis City, St. Louis County, and St. Charles County, Missouri, you can open an account today with 1st Financial Federal Credit Union. Visit www.TheBetterWayToBank.org for more information.

 


1st Financial Federal Credit Union Serves Residents of St. Charles by Volunteering with Habitat for Humanity of St. Charles County

June 18th, 2015- 1st Financial Federal Credit Union served Habitat for Humanity of St. Charles County in May as a part of its Helping People 1st Grant Program.  

1st Financial created the Helping People 1st Grant to support non-profit organizations who are focused on housing, financial literacy, job training, or education efforts in the St. Louis area. In May, the Wentzville Branch continued this support by working with Habitat for Humanity of St. Charles County.

Habitat for Humanity of St. Charles County is a non-profit, independent affiliate of Habitat for Humanity International.  Their employees are dedicated to building affordable housing for low income families.  Habitat accomplishes this by constructing energy-efficient homes with the help of a volunteer workforce and supplementing their materials budget through donations and profits from their Re-Store located in St. Peters.

Since 1996, Habitat volunteers have built 63 homes and helped over 250 family members begin a new life as homeowners and members of our community, rooted in their neighborhoods.

To support Habitat and raise donations for their programs, the Wentzville branch hosted a summer themed basket raffle throughout the month.  On Wednesday, May 13th, 1st Financial volunteered at a build site in St. Charles County and helped paint doors, aerated a backyard, and added trim to windows.  On Wednesday, June 3th Wentzville Branch Manager Pat Johnson presented a check totaling $719.19 to Habitat for Humanity of St. Charles County.

“The volunteers from 1st Financial Federal Credit Union were terrific! From painting to helping in the yard, they were up for anything and were great at it,” said Lauren Grotegeers, Resource Development Coordinator at Habitat for Humanity of St. Charles County.  “We are so thankful for their partnership and look forward to more builds together”.

For more information on Habitat for Humanity of St. Charles County, please visit http://habitatstcharles.org/

For more information on 1st Financial Federal Credit Union and the credit union difference, please visit www.1stfinancialfcu.org or call (636) 916-8300.

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Pictured from Left to Right: Janie Richardson, teller for 1st Financial Federal Credit Union; Kacie Alexander, Executive Assistant at 1st Financial Federal Credit Union; Pat Johnson, Wentzville Branch Manager for 1st Financial Federal Credit Union; Lauren Grotegeers, Resource Development Coordinator at Habitat for Humanity of St. Charles County; and Michelle Woods, Homeowner Support Manager at Habitat for Humanity of St. Charles County.

About 1st Financial Federal Credit Union

Like many credit unions, 1st Financial is a member-owned, not-for-profit financial cooperative committed to providing quality services to the membership while demonstrating safe and sound business practices. 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. 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 reasonable rates on loans and higher savings yields.

Today, with over 30,000 members and $204 million in assets, 1st Financial is able to serve anyone who lives, works (regularly does business in*), worships or attends school in the City of St. Louis, St. Louis County or St. Charles County. Deposits are federally insured by the National Credit Union Administration (NCUA), an agency of the U.S. Government.

Not a credit union member? Visit www.TheBetterWayToBank.org for more information.

 

 


1st Financial Federal Credit Union Members Re-Elect Board Members

June 1st, 2015 –1st Financial Federal Credit Union members elected three volunteers to the 1st Financial Board of Directors at the Annual Meeting.

The Annual Meeting gives 1st Financial members the opportunity to directly affect the credit union’s direction by electing volunteers to the Board of Directors.  On Tuesday, April 28th, Jim Combs, Robert Rutkowski, and Paul Sikorski were elected to champion the interests of their fellow members.

“The annual meeting is an important part of what makes credit union cooperatives so unique, said Carol Minges, Chief Executive Officer for 1st Financial Federal Credit Union.  ”Members get an opportunity to come and vote for the individuals that they would like to represent them in decisions that determine the direction of the credit union.”

She continued, saying “I was pleased to see so many talented candidates that were interested in volunteering their time to help provide governance and oversight to our credit union.”

Jim Combs has been a 1st Financial member for twelve years.  He is currently retired.  Mr. Combs has been a member of the 1st Financial Board of Directors for the past six years and served as Board Chairman since 2011.  Mr. Combs has a Bachelor’s Degree in Business and a Masters Degree in Human Resources.  He also serves on the Veterans Commission in O’Fallon and the Transportation Commission in St. Charles County.

Robert Rutkowski has been a 1st Financial member for four years.  He is currently retired.  Mr. Rutkowski worked at Boeing where he was an Aeronautical Engineer for 41 years.  Mr. Rutkowski also served in the US Air Force and the Air National Guard for 30 years.  He holds a Bachelor’s degree in Aeronautical Engineering and has been a pilot for 52 years.  Mr. Rutkowski has been an active member of the 1st Financial Board of Directors for the past four years.

Paul Sikorski has been a 1st Financial member for thirty three years.  Mr. Sikorski is retired from Boeing where he was an Aeronautical Engineer for thirty seven years and served as a Lieutenant/Colonel in the Missouri Air National Guard for twenty years.  Mr. Sikorski holds a Bachelors degree in Aeronautical Engineering and holds a Masters degree in Business Administration.  Mr. Sikorski has been on the 1st Financial Board of Directors for the past twelve years and has served as Board Secretary for the past three years.

For more information on 1st Financial Federal Credit Union and the credit union difference, please visit www.TheBetterWayToBank.org or call (636) 916-8300.

About 1st Financial Federal Credit Union

Like many credit unions, 1st Financial is a member-owned, not-for-profit financial cooperative committed to providing quality services to the membership while demonstrating safe and sound business practices. 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. 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 reasonable rates on loans and higher savings yields.

Today, with over 30,000 members and nearly $200 million in assets, 1st Financial is able to serve anyone who lives, works (regularly does business in*), worships or attends school in the City of St. Louis, St. Louis County or St. Charles County. Deposits are federally insured by the National Credit Union Administration (NCUA), an agency of the U.S. Government.

Not a credit union member? Visit www.TheBetterWayToBank.org for more information.

 

 

 

 


1st Financial Federal Credit Union Partners with STL Youth Jobs to Provide Financial Products and Education to Underserved Youth in St. Louis

May 29th, 2015- 1st Financial Federal Credit Union presents a $10,000 donation to STL Youth Jobs to hire a Financial Empowerment Specialist for the 2015 program.

On Friday, May 23rd, representatives from 1st Financial Federal Credit Union continued their partnership with STL Youth Jobs by participating in a Job Fair and presenting a $10,000 grant to help the program hire a Financial Empowerment Specialist. The Financial Empowerment Specialist will work with STL Youth Jobs participants during the summer to develop savings habits and help the youth work towards achieving their financial dreams.

“On behalf of everyone at 1st Financial Credit Union, we are proud to be a part of STL Youth Jobs, and we are happy to lend our expertise to the program’s success, said Carol Minges, Chief Executive Officer at 1st Financial Federal Credit Union. “1st Financial actively promotes financial empowerment. We want to see the youth we serve build healthy financial habits that will help them for the rest of their lives.”

She continued, saying “Helping our St. Louis young adults save their hard-earned money and to fully fund their goals are at the very core of our existence as a credit union. STL Youth Jobs is an outstanding program that will help us reach out to and engage the next generation.”

STL Youth Jobs was created to train St. Louis youth to be ready for the future workforce by providing financial literacy programs, job readiness training, and individualized career assessment. Formed in 2012 by a group of St. Louisans including the City of St. Louis Mayor’s office, the Greater St. Louis Community Foundation, MERS Goodwill, the Incarnate Word Foundation, and the St. Louis Youth Violence Prevention Taskforce, STL Youth Jobs provides employment opportunities for young people aged 16-24 while working to ensure future economic growth for the region.

Since 2014, 1st Financial has partnered with St. Louis Youth Employment Programs to offer financial literacy education and open 196 savings and checking accounts for program participants. These accounts have special limits built into them so that the youth do not experience fees when using their debit card. Additionally, these accounts are set up with automatic paycheck withdrawals which are transferred into a primary savings account to help form positive savings habits.

With an average savings allocation of $48 per paycheck and total savings of about $2,000 bi-weekly, these young adults were able to save a total of $24,000 over the course of the 2014 program. Since the start of 2015, 1st Financial has opened approximately 500 new accounts for youth, and estimates that this total will reach 2,500 by the end of the year.

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For more information on the STL Youth Jobs Program, please visit http://stlyouthjobs.org/

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

About 1st Financial Federal Credit Union

Like many credit unions, 1st Financial is a member-owned, not-for-profit financial cooperative committed to providing quality services to the membership while demonstrating safe and sound business practices. 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. 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 reasonable rates on loans and higher savings yields.

Today, with over 30,000 members and nearly $200 million in assets, 1st Financial is able to serve anyone who lives, works (regularly does business in*), worships or attends school in the City of St. Louis, St. Louis County or St. Charles County. Deposits are federally insured by the National Credit Union Administration (NCUA), an agency of the U.S. Government.

Not a credit union member? Visit www.TheBetterWayToBank.org for more information.


1st Financial Federal Credit Union Awards Scholarships to St. Louis Area Students

May 21th, 2015- 1st Financial Federal Credit Union presented two $1000 college scholarships to St. Louis area students at the 2015 Annual Meeting on Tuesday, April 28th.

“One of the best parts of our annual meeting is to get the opportunity to announce the scholarship winners and hear them read their essays,” said Carol Minges, Chief Executive Officer at 1st Financial Federal Credit Union.  “It is interesting to hear about the important difference between credit unions and banks from that generation.  We are honored to be able to give them a small scholarship to get them started with their education.”

The 1st Financial Right Stuff Scholarship is awarded to an attending college student and 1st Financial member between the ages of 19 and 24. In addition to presenting a recent report card and showcasing their athletic and community involvement achievements, applicants were asked to write an essay on how a credit union can impact its community.

This year the Right Stuff Scholarship was awarded to Alexandria Stuart, a current Freshman studying Occupational Therapy at Maryville University. Alexandria plans to graduate in May of 2019.

Since 1996, 1st Financial has awarded the Horizon scholarship to a student with an extraordinary academic history and evidence of a strong presence in their community. This year the Horizon Scholarship was awarded to Stacey Doggett, a senior from Wentzville Holt High School. Stacey plans to attend Truman State University in the fall with an anticipated focus in Business Management.

“I am so thankful for everything 1st Financial Federal Credit Union does for me and the community,” said Stacey Doggett. “I am delighted to be able to extend my education for the next four years at Truman State University thanks to the Horizon Scholarship offered by my credit union.”

Horizon Scholarship applicants are asked to write an essay about the differences between credit unions and banks and discuss how that difference benefits the writer. In her essay, Stacey wrote:

“Credit Unions are different from banks because they are smaller, community owned, and typically more personable and easier to work with.  They care about their local community and the people who are work hard to make it a better place.  There is usually less red tape and they can do more things for their members because of this.  Also, since credit unions are usually non-profit, instead of taking money for themselves, they give the money back to their members in the form of lower interest rates on loans.  For example, after doing some quick research, 1st Financial Federal Credit Union’s current auto loan rate is 2.49%, significantly lower than the 2.99% of US Bank.  Credit Unions care about their members and offer low interest rates on loans and high interest rates on savings.”

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Pictured from Right to Left-Stacey Doggett, 2015 Horizon Scholarship Winner and Carol Minges, CEO of 1st Financial Federal Credit Union.

For more information about 1st Financial Federal Credit Union and the credit union difference, please visit www.1stfinancialfcu.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 nearly $200 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.

Not a credit union member? If you live, work, worship, attend school, or regularly conduct business in St. Louis City, St. Louis County, and St. Charles County, Missouri, you can open an account today with 1st Financial Federal Credit Union. Visit www.TheBetterWayToBank.org for more information.