We're here for you—every step of the way.
We're a not-for-profit financial cooperative, looking out for our members' financial well-being and futures. We embrace our "not-normal-ness" and strive to offer the best products and services for our members, without the price tag you'd find at a big bank. Being member-owned also means we pass all the savings along to you, not stockholders, in the form of competitive rates, higher returns and lower fees. At Electro, you're not just a number — you're family!
Are you ready to join a credit union? We'd love to have you!
Membership is open to individuals who live or work, or related to anyone who lives or works in St. Louis City and County, St. Charles, Franklin and Jefferson counties in Missouri, and Jersey, Madison, St. Clair and Monroe counties in Illinois.
Volunteer on our Board. Help improve our community and our members’ financial lives.
Board of Directors
Credit unions are all about people helping people. We strive to provide quality, affordable products and services to fit the needs of our members. Directors and other volunteers focus on the best interests of the membership as a whole. You’ll ensure the credit union's affairs are carried out fairly and impartially for the benefit of the entire membership, not a particular member or group of members.
Electro’s Board is comprised of nine voting Directors, each holding a three-year term, with three terms expiring each year. Want to help us make Electro even better? Volunteer your time as a member of our Board of Directors. As a not-for-profit financial cooperative, members just like you help establish our strategic decisions and policies. Our Board volunteers their time and talents to be the voice of our membership and help the credit union flourish.
Is it your time to lead? We accept applications from individual members interested in serving on the Board of Directors from October 1 through December 31 each year. Contact Pat Larson at 314.434.6470 x1502 or email [email protected] for a Director application or more information.
Not sure if being a director is right for you? In addition to the nine voting directors, we have a non-voting associate committee. Like a director, an associate committee member attends board and strategic planning meetings and participates in all discussions but does not vote on board motions. The Board Chair appoints associate Committee members for a one-year term.
Are you interested in learning more about being on Electro's Associate Committee? Contact Pat Larson at 314.434.6470 x1502 or email [email protected] for an Associate Committee application or more information.
Meetings & Commitment
The Board of Directors and Associate Committee meet monthly with the credit union's Senior Management Team on the second to last Tuesday of the month. Monthly board meeting materials are provided a week in advance to review in preparation for the meeting. Monthly meetings start at 6:00 PM and typically run approximately 60 to 90 minutes but can vary. At this time, meetings are virtual, but meetings will return to in-person as soon as it is safe and comfortable to do so. The location of in-person meetings is Spazio's Westport, located at 12031 Lackland Road in Maryland Heights, Missouri.
In addition to monthly meetings, a Strategic Planning meeting is held annually. Typically this meeting is held on the third Saturday of September. It is a full day starting at 9:00 AM through 5:00 PM. The location varies, but always in the St Louis area.
All information provided and discussed in meetings is confidential, only shared or discussed with directors, volunteers and, credit union management. Directors and associate committee members should make every effort to attend all meetings.
New volunteers are provided a series of twelve monthly training modules to complete on their own time within their first year. Other educational opportunities are encouraged and provided at no cost to our volunteers.
Board of Directors & Other Volunteers
|Jim Mullineaux, Chair||Anthony French, Volunteer|
|Wilbon Cooper, Vice Chair||James Holmes, Volunteer|
|Dave Meglio, Secretary||Jeffrey Lyes, Volunteer|
|Thomas Glenn, Director|
|Mike Knott, Director||Robert Bailey, Director Emeritus|
|Alan Raymond, Director||Howard Hoemann, Director Emeritus|
|Ken Takaidza, Director||Jessica Young, Director Emeritus|
|Jim Telthorst, Director|
Contact Your Board of Directors
If you have any questions or comments regarding the credit union or need help with an unresolved issue, please address your letter to the following:
c/o Electro Savings Credit Union
1805 Craigshire Road
St. Louis, MO 63146
Thomas Glenn, Supervisory Comittee Chair
State of the (Credit) Union
A Message from Jim Struble, Our President and CEO
In times of crisis and uncertainty, never is it more evident that finances are incredibly personal. Sadly, many experience financial institutions that base their decisions, even in times of great need, solely on the bottom line. At Electro, we take the statement, “It’s About More Than Money” to heart. When the pandemic hit, we committed ourselves to doing everything we could to become a rock for our members, employees and community, even when it was scary to do so. We didn’t want to look back and wish we could have done more, and I’m proud of all the actions we took to live up to that statement.
With the pandemic affecting so many industries and jobs, Electro stepped up to help members make it through. We wasted no time providing our Comm(unity) Relief Package, which offered personal loans with no payments for 12 full months, something I‘ve never seen offered before. We let our members know we were willing to be flexible—to help out anyone in need —and many were able to take advantage of loan deferment options, putting millions of dollars of debt for nearly 1,000 local families on hold. These solutions helped our members put food on the table, cover rent, access basic needs, and keep their vehicles to continue working or to search for employment. We also stepped up for our fellow local businesses by participating in the Small Business Administration Paycheck Protection Program (PPP) loan, helping secure funding for businesses that employ hundreds of local St. Louisans.
Similarly, it was crucial we take care of our family of employees. Staff received time off for their mental health, a surprise bonus and additional emergency paid time off to care for their families or recover—before the government mandated companies do so. We knew these measures might impact our bottom line but never questioned providing much-needed support to our employees.
Offering such options to members and employees may have been considered risky, but reacting to the crisis as humans, not as “just another financial institution,” was the right thing to do. In the end, being there for our employees and members came full circle, resulting in a record year. In 2020, we outpaced our peers in member growth more than fivefold. We had a record year for loan growth and broke $1 million in net income for the first time. Our 2020 success wasn’t thanks to karma; it was because we bet on St. Louis, this proud city we call home.
While we confronted new challenges in 2020, we also maintained a focus on our ongoing goals. We continued to strive to be one of the best places to work in St. Louis—earning our place on the St. Louis Post-Dispatch’s 2020 Top Workplaces list. Keeping our place on that list will be an ongoing goal for Electro every year. Showing up and caring for our employees, personally and professionally, is owed to them for all the work they do for our members and community. Our mission is to change and evolve as a company through the lens of our culture. In past years, we launched our Power of You and Power of Comm(unity) programs, challenging our employees and community to share their ideas and gain access to resources to bring those ideas to life. In 2021, we’re launching the Power of Us. With culture at the forefront of this program, our staff will have the chance to change aspects of the credit union that may not align with what we stand for and represent. We talk the talk, and this program will ensure we walk the walk. Our employees will make changes to the credit union, big and small, and I’m so excited to see how our team makes everything we do align with our culture. As you can probably sense, I’m overcome with pride for the credit union and optimistic about what we’ll accomplish in 2021. I know many continue to deal with challenges caused by the pandemic and want to remind everyone we’re still here and still creating solutions. We’ve had our finger on the pulse of this situation since December 2019, and I know our team will continue to evaluate the environment and adapt for our members, employees and community. Electro’s Pandemic Task Force, which formed early in 2020, continues to meet weekly to listen to members’ and employees’ concerns.
I’ll conclude by expressing my deepest gratitude to our staff and Board. All we have achieved would not be possible without the entire Electro team and volunteers. 2020 was nothing short of a rollercoaster, but we stuck together and built great momentum. I look forward to keeping that momentum going through 2021 and for many years to come.
President and CEO