1st Financial Federal Credit Union Hires Financial Empowerment Specialist

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October 7, 20151st Financial Federal Credit Union, a community development not for profit banking institution in St. Louis, MO, has hired a dedicated Financial Empowerment Specialist to work one on one with newly employed youth.

Created as a joint venture with the St. Louis Agency on Training and Education (SLATE), 1st Financial Federal Credit Union has hired Ted Thornton as a full time educator and one on one counselor for thousands of youth, served through the ongoing Summer Youth Jobs program.

Over the last two years, 1st Financial has provided free financial education, checking accounts and debit cards to thousands of youth throughout St. Louis, working together closely to meet the needs of the underserved through various Summer Youth Jobs programs. Since 2014, in partnership with Ms. Tishaura Jones, the St. Louis City Treasurer, the credit union was able to assist with the delivery of financial literacy and products for programs that served youth learning construction trades, creating financial magazines and entering the workforce after recently being released from the prison system. As the program has grown, so has the need for a dedicated Financial Empowerment Specialist to provide more thorough and comprehensive financial literacy training.

While participants have opened 1199 accounts and saved over $40,516.06, there are many more area youth that have not been able to take advantage of these programs.

Michael Holmes, Executive Director of SLATE recently said, “Financial Literacy is an integral part of saving the lives of our young people. When we talk about job stability, pathways to prosperity, and supporting our youth into adulthood; financial literacy is vital!” Holmes went on to say, “Young people deserve an opportunity to open a checking and savings account. Young people deserve an opportunity to build good credit, create banking relationships, and prosper financially. I am happy to partner with an institution that understands the importance and able to provide products and services to meet the needs of this population.”

Ted Thornton, who holds a Bachelor’s Degree in Special Education from Southern Illinois-Edwardsville, has seven years of teaching experience, most recently at Roosevelt High School as a TV and Radio teacher. Before he was hired at 1st Financial, Mr. Thornton worked as a Job Coach for the Urban League of Greater St. Louis.

Mentoring young adults at the Urban League helped Mr. Thornton develop a passion for serving the youth population of St. Louis. “Dealing with young people and speaking to them about financial empowerment is what drew me to this position,” said Mr. Thornton. “I know that young people don’t learn enough of this subject in their regular education and I feel that it is very important for their future success. The more we enlighten our children now, the easier it will be for them to create a better life for themselves.”

“Ted’s extensive background in Education and Community service makes him the perfect addition to our team,” said Tracy Verner, Community Development Manager at 1st Financial Federal Credit Union. “I have had the pleasure of watching Ted educate our Youth Build participants at MERS Goodwill as well as our youth at The Urban League through STL Youth Jobs. On both occasions he demonstrated the ability to successfully engage, educate, and build trust with the youth in our community.”

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

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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 Partners with KidSmart to Support St. Louis Students and Teachers

September 30th, 20151st Financial Federal Credit Union served KidSmart-Tools for Learning in August as part of the Helping People 1st Grant program by collecting schools supplies and raising donations.

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 August, the Hazelwood Branch continued this program by serving KidSmart- Tools for Learning.

KidSmart empowers kids in need to succeed in school by providing free, essential tools for learning and is the only free educational supply store in Missouri that invites certified classroom teachers to “shop” and individualize the needs for every child in their classroom. KidSmart has relationships with several national chain stores and is able to use monetary donations to purchase seven times more schools supplies for needy students. Since opening in 2002, KidSmart has distributed more than $27 million in school supplies to more than 102,100 economically disadvantaged children in the area.

“1st Financial Federal Credit Union enjoys supporting KidSmart because they are helping our youth receive the tools that are necessary for a positive educational experience,” said Tanya Forsythe, Hazelwood Branch Manager.   “We know that all donations we are able to collect will be a valuable resource to helping children in need be more confident in the classroom.”

The North County Branch of 1st Financial spent August promoting KidSmart to members within the branch and while also holding fundraising events. To raise donations, the branch held a bake sale, a plant sale, a gift card raffle, and a Cardinals ticket raffle sponsored by Liberty Mutual. Additionally, 1st Financial employees held a month long school supply drive where they collected 446 items. On Thursday, September 10th, Hazelwood Branch Manager Tanya Forsythe presented KidSmart with a check for $1712.72.

“KidSmart- Tools for Learning, is a not-for-profit that provides free school supplies to St. Louis children in need,” said Linda Kilwin, Programs Manager with KidSmart- Tools for Learning. “Last year, KidSmart collected nearly 500,000 individual school supplies for area children. As the demand for school supplies this year increases, this donation from 1st Financial Federal Credit Union will make a difference in the lives of many local children. This is a community issue and a community effort is needed to help each child succeed. Thank you for your generosity and for your continued support. ”

For more information about KidSmart- Tools for Learning, please visit http://www.kidsmartstl.org/.

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

Pictured from left to right: Tanya Forsythe, Branch Manager for 1st Financial Federal Credit Union; Linda Kilwin, Programs Manager with KidSmart- Tools for Learning; Matthew Deane, Lead Financial Service Representative for 1st Financial Federal Credit Union; and Pat Fennewald, Teller for 1st Financial Federal Credit Union.

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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 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 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.

 


1st Financial Federal Credit Union Partners with the Urban League of Metropolitan St. Louis to Serve Residents of North St. Louis County

May 19th, 2015- 1st Financial Federal Credit Union Continued its Helping People 1st Grant program  by volunteering with The Urban League of Metropolitan St. Louis in April.

As part of the vision of “helping our members achieve their financial dreams”, 1st Financial created the Helping People 1st Grant to support organizations who are serving the St. Louis community in the areas of housing, financial literacy, job training, or education. In April, the Hazelwood Branch sponsored the Urban League of Metropolitan St. Louis.

The Urban League of Metropolitan St. Louis exists to empower individuals throughout the region using community programs in three St. Louis area counties.  The Urban League works to get its clients out of poverty by helping them discover economic opportunity while also providing educational programs and boost community empowerment.

The Urban League’s most recent initiative, the “Save Our Sons” Program, will train up to 500 men in North St. Louis County for the next two years.  This program, which is located in Ferguson, will focus on team building, financial literacy, and job coaching.

To support the Urban League and raise donations for their programs, the Hazelwood branch hosted a special lunch and basket raffle during April.  On Saturday, April 25th, 1st Financial employees had a paid volunteer day working with members of the Urban League at the City of St. Louis Treasurer’s Office 2nd Annual Financial Empowerment and Job Fair at St. Louis Community College-Forest Park campus.  On May 4th, 1st Financial employees presented a check totaling $744.26 to Michael P. McMillan, President and CEO of the Urban League of Metropolitan St. Louis.

“The Urban League is very grateful for the contributions and new partnership with 1st Financial Federal Credit Union on our Save Our Sons program in St. Louis County, said Michael P. McMillan, president and CEO of the Urban League of Metropolitan St. Louis.  “We look forward to making a difference in our community together.”

For more information on the Urban League of Greater St. Louis, please visit https://www.ulstl.com/

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: Tracy Verner, Brand Ambassador for 1st Financial Federal Credit Union; Michael P. McMillan, President and CEO of the Urban League of Metropolitan St. Louis; Shelitta Hairlson, Contact Center Manager for 1st Financial Federal Credit Union; and Nancy Lane, Lead Financial Service Representative for 1st Financial Federal Credit Union.

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.

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1st Financial Federal Credit Union works to provide St. Louis youth with access to a college education

May 4th, 2015- 1st Financial Federal Credit Union announces partnership with the City of St. Louis Treasury Office to create accounts for their College Kids Savings Account Program while promoting the service during GiveSTL Day on May 5th, a 24-hour giving event focused on making a St. Louis impact by funding local non-profit organizations.

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The City of St. Louis Treasurer’s Office has developed an innovative program to promote college savings and financial literacy for the city’s youth through the “College Kids” Children’s Savings Account Program.

College Kids’ purpose is to provide all kindergarteners enrolling in St. Louis Public Schools and St. Louis City charter schools with a savings account for postsecondary education, which will help make postsecondary education an option for everyone in St. Louis.  A $50 deposit funded by the Treasurer’s Office for each student will get the program started.   College Kids will launch in the fall for the 2015-2016 school year with approximately 3,500 incoming kindergartners receiving accounts.

To get the College Kids program additional resources and funding, the City of St. Louis is working with the 1:1 Fund for GiveSTL Day on May 5th.  Since launching in 2012, the 1:1 Fund has helped local child savings programs raise over $845K in matching funds, attracting 500+ donors and 24,000+ web visitors.

Through digital and offline fundraising efforts with the 1:1 Fund, College Kids will raise critical matching incentives to get families emotionally invested in this wonderful program.  These incentives include:

  • Weekly Perfect Attendance: Students can earn $1/week during the school year for attending school and arriving on time for each day of school in session that week.
  • Smart Saver: Deposits of at least $10 monthly will receive a $10 monthly match. The maximum for this incentive will be $100.
  • Financial Education: Parents and guardians are able to earn an additional $50 in contributions by completing financial education courses in-person, online through Wells Fargo Hands on Banking® and through the College Kids smartphone app.

1st Financial Federal Credit Union was chosen by the City of St. Louis Treasurer’s Office to open accounts and provide ongoing banking engagement for the program.  1st Financial will promote this partnership in branches and on social media during GiveSTL Day.

“We are determined to do whatever we can to help the children of St. Louis have access to post-secondary education,” said Tishaura Jones, Treasurer of the City of St. Louis.  “This is available to any family, no matter their socio-economic background.  “We created this college savings program because it is the government’s responsibility to invest in its citizens, and that includes our children.  Children want an opportunity to have a future and we are determined to help give them a future.”

She continued, saying “1st Financial has been a wonderful partner in our financial empowerment initiatives since shortly after I started in 2013. The ability to house the accounts at a credit union allows children and families to deposit additional funds at any branch that participates in the shared branch network, giving us a strong regional footprint.  Additionally, the staff at 1st Financial stand ready to volunteer with us to make sure the program reaches as many as possible.”

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Pictured: Tishaura Jones, Treasurer of the City of St. Louis 

For more information on the College Kids Savings Program, please visit www.stlofe.org/collegekids

For more information on GiveSTL Day, please visit https://givestlday.org/#home

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.


1st Financial Federal Credit Union Awards New Community Grant to Help At-Risk Children in Ferguson

April 10, 2015- 1st Financial Federal Credit Union’s Your Community 1st Grant program has selected  J. Toni Burrow of Ferguson to receive a $500 grant which will be used to support  educational, multi-cultural, recreational, and artistically enriched activities for the youth population in the Ferguson area of North St. Louis County .

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 first 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 J. Toni Burrow, Executive Director of PAKT Community Center in Ferguson.

In her application, Mrs. Burrow spoke about using the grant to serve the most vulnerable families in the Ferguson-Florissant area and work to strengthen her community.  Mrs. Burrow plans use the grant to purchase 50 copies of the book Paintings by Carol Klein.

Paintings will be used as a component of the ImPAKT Summer Day Camp Leadership and Development Program run by Mrs. Burrow and PAKT Community Center at Walnut Grove Elementary for 4th, 5th, and 6th graders of the Ferguson-Florissant School District this summer.

“Thank you to 1st Financial Credit Union for helping us fill the needs of those who are in crisis,” said Mrs. Burrow.  “With your financial support, children’s lives are being transformed through their participation in our PAKT Youth ImPAKT Program this summer.”

Brand Ambassador Tracy Verner presented the $500 Grant to Mrs. Burrow and Mrs. Martha Panetti, an ImPAKT volunteer on Tuesday, April 7th 2015 inside Walnut Grove Elementary located at 1248 North Florissant Road.

PAKT Community Center, located at 500 Airport Road in Ferguson, Missouri is a non-profit organization dedicated to the enrichment of people’s lives by providing services to those in need.  PAKT provides emergency rent assistance, health screenings for the elderly, drug abuse prevention, and educational summer camp programs for children from the Ferguson-Florissant School District.

For more information about PAKT Community Center, please visit http://www.paktcenter.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 right to left: Tracy Verner, Brand Ambassador for 1st Financial Federal Credit Union; J. Toni Burrow, Executive Director of PAKT Community Center; and Martha Panetti of Walnut Grove Elementary School.

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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 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 Hosting Document Shredding and Bike Donation Event

April 10, 2015- 1st Financial Federal Credit Union is offering a Free Community Document Shred Day on Saturday, May 2nd.

Shredding important documents is a great way to help prevent identity theft.  But these documents-like bank statements, medical records, and credit card bills-can accumulate quickly because the information they contain can be targeted after it has been thrown away in the trash.  A secure solution to ensuring financial security is to use bulk document destruction for important papers.

1st Financial Federal Credit Union is hosting its annual Shred Day on Saturday, May 2nd at three area branches from 9 a.m. until noon.  Participants can bring up to five containers of documents to the event.    The locations for Shred Day include:

  • St. Charles Branch at 1550 Country Club Plaza Drive, St. Charles, MO 63303
  • Hazelwood Branch at 5916 North Lindbergh, Hazelwood, MO 63042
  • Wentzville Branch at 1232 Wentzville Parkway, Wentzville MO 63385

1st Financial has contracted Shred-It to provide document destruction services at each of the branches.  Shred-it is a certified document shredding company with 25 years of experience in the St. Louis area.  Shred-It provides their customers peace of mind by delivering unparalleled security and service for the information they value.

1st Financial is also partnering with St. Louis Bicycle Works to hold a bicycle drive this year.  Members and non-members can donate used bicycles from 9 a.m. to 11 a.m. at all three locations.  St. Louis Bicycle Works will take the donations back to their bike shop for rehabilitation.  Once they are refurbished, St. Louis area children receive the bike after they complete the Earn-a-Bike safety and maintenance program which promotes responsibility and a strong desire to serve and improve their community.  St. Louis Bicycle Works has provided over 10,000 bikes to inner-city kids since 1988.

“Our number one priority is making sure our member’s financial information is secure,” said Carol Minges, Chief Executive Officer of 1st Financial Federal Credit Union.  “While we offer electronic services like eStatements and Online Banking to help prevent identity theft, we still have a lot of members who choose to receive financial information via regular mail.  We host our Shred Day to give members peace of mind when it comes to safely disposing of their financial documents.”

For more information on St. Louis Bicycle Works, please visit http://www.bworks.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 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.