Maryland Heights

1805 Craigshire Road
Maryland Heights, MO 63146

Wildwood

16500 Manchester Road
Wildwood, MO 63040

Manchester (Lafayette Center)

407 Lafayette Center Road
Manchester, MO 63011

South County (Tesson Ferry)

12400 Tesson Ferry Road
St. Louis, MO 63128

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Electro Savings Credit Union Posts

Step 6 of Investing: Determine Your Risk Tolerence

Author: Justin McCain

Now that’ you’ve taken a piece of your investment and placed it into retirement, it’s time to look at the next step of investing!  You know that deciding to invest some of your money in the market automatically means you’re setting yourself up for possible loss.  But how much losing can you take? Does the thought of your stocks plunging make you sick to your stomach? Or are you a genuine thrill-seeker who loves the rush of adrenaline you get when you think about putting your money somewhere shaky? Determining your risk tolerance is an important step to take for

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First-Time Homeowner Mistakes to Avoid

Author: Justin McCain

Q: My husband and I have been renting an apartment since we got married. We recently decided to buy our first home. Some friends of ours had lots of trouble with the process, and wound up buying a house they can’t really afford. We don’t want to go through what they did. What can we do to buy our dream home without all that grief?   A: Buying a house is one of the biggest decisions you will ever make. It’s great that you and your husband are planning ahead for this important milestone. These are common mistakes that first-time homeowners make–and

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6 Ways To Turn Your Dream Vacation Into Reality

Author: Justin McCain

Everyone has their own version of a dream vacation. But, for most of us, it never becomes a reality. But what if it could for you?  Read on for six ways to make that dream vacation come true!   1.) Start saving  Give your getaway a jumpstart by planning for it all year long.  Set up a “Trip jar.” Whenever you’ve got loose change, plunk it in a jar earmarked for your vacation. Use the money you’ve saved to fund one part of your vacation. Brown-bag it. The average American buys lunch twice a week. By brown-bagging it just one more day

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The Importance of Your Credit Union Annual Meeting

Author: Justin McCain

As a not-for-profit that is a cooperative owned by our members, the entire credit union benefits when our members engage and participate in their ownership. That’s why we invite our members to attend our annual meeting each year. It’s an opportunity for you to meet our management and elected board and other volunteers as well as many of the other employees who serve the membership. It’s also an occasion that we use to report on the performance of our mutually owned credit union and look ahead to the future. This year was no exception as we held our 2018 annual

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2018 Edward G. Halliburton Scholarship Recipients

Author: Justin McCain

We recently recognized our 2018 Edward G. Halliburton scholarship recipients at the credit union’s annual meeting on May 22nd 2018. The scholarship honors long-time credit union volunteer and Director Emeritus Edward G. Halliburton, who served on the credit union’s board of directors for 47 years. Edward Halliburton sadly passed away September 2015 at the age of 88. The credit union was honored to have Edward’s son Jim at the annual meeting to make the scholarship presentation. Each year this scholarship program recognizes three Electro Savings members that are high school seniors for their outstanding academic achievements and community involvement. Each

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Step 4 and Step 5 of Investing

Author: Justin McCain

Happy May all! It’s time to jump back into our lessons about investing!  Now that you have an awesome understanding on why it is so important to get your finances in order,  how to start saving, and best practices on educating yourself with the many resources around investing, we can move forward to Step 4 and 5! STEP 4: INVEST A PORTION OF YOUR HOUSEHOLD INCOME INTO RETIREMENT Since we spent Step 3 going over basic investing terms, your first actual investment is going to be one in your future. Experts recommend first allocating 15% of your monthly income toward retirement.

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Meet Tara McGee, One Of Our Lead Tellers

Author: Justin McCain

Employee Spotlight It’s no secret that here at Elecro Savings, we love our members, and we love the employees that get to see those members everyday.  One of those employees, Tara McGee, the lead teller for Electro Savings Credit Union’s Tesson Ferry office, came to the credit union almost three years ago looking for a change. After working in retail management for 15 years, she wanted something more stable. Coincidentally, Tara has been a stable force for the credit union and our members during her time here.   While Tara’s job at Electro Savings Credit Union gives her more time

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Step 3 of Investing: Educate Yourself

Author: Justin McCain

Happy Spring!  As the warm days come back to us, we hope the next post in our 12 Steps of Investing Series brightens up your financial view!  Are you ready for Step 3?  Today is all about educating yourself and preparing for the road of investing ahead.  Now that you’ve completed Steps 1 and 2, and are free from debt and are steadily building up your savings, it’s time to get a lay of the land.  There are hundreds of investment terms tossed around on Wall Street, and it’s important to understand the language and important terms of Investing, and what they

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6 Common Tax Mistakes To Avoid

Author: Justin McCain

It’s that time of year again! Tax Time!  Get ready to break out the calculator and pencils; dig out the enormous pile of receipts, tax forms and pay stubs, and get to work. Drowning in paper and getting numb from all those numbers? Take heart! As soon as you’ve got it all organized and filed, you don’t need to think about your taxes again until next year.  Don’t be too hasty, though. You don’t want to wind up making a mistake that’ll delay your refund, make you accountable for a fee or, even worse, force you to do that dreaded

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Step 2 Of Investing : Start Saving

Author: Justin McCain

It’s February already!  And that means it’s time for our next Step of Investing this year!  If you didn’t get a chance to catch Step 1 to begin the new year, you can read it HERE.  Now onto Step 2! After you’ve gotten your finances in order, and knocked down any outstanding debt or loans, then it’s time to SAVE.   Don’t Invest a Penny Before You Build a Substantial Savings Account. This might sound counterintuitive to a wannabe investor, but it’s important to have a solid cushion of savings before you start putting your money into the market. Life is

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