What's Happening At Your Credit Union
Member Appreciation Rebate Paid to Most Active Members
Electro Savings members who actively use the credit union’s products received a ‘Thank You’ from the credit union in the form of a Member Appreciation Rebate on January 19. This is the fourth consecutive year we have returned a rebate to our most active members.
“As a local not-for-profit financial cooperative, we share the credit union’s profit with all our members through better rates, and lower and fewer fees,” explains credit union President & CEO Stan Moeckli. “Our Member Appreciation Rebate is additional recognition to the credit union’s most active members who use Electro Savings as their primary financial institution by actively using our products.”
In our fourth consecutive year of paying our most active members a rebate, we have successfully increased the number of members receiving a rebate by 3% over last year, and 149% since 2013.
Members who qualify for the Member Appreciation Rebate Program are also eligible for the new Member Owner Relationship (MORe) Rewards Program from February 1, 2017 through January 31, 2018. Our MORe Rewards Program acknowledges these members with additional savings opportunities because of their active use of the credit union in the previous year.
Honoring Our Military
In honor of Veterans Day on November 11, the credit union pledged $5 to the USO of Missouri for each new member, new loan or new checking account opened at the credit union during November.
We are very proud to support our military with this donation. Our active duty, veterans, and their families sacrifice so much for us through their service. Supporting the USO is one way that we can give back and express our gratitude. In our five years of making this pledge we have donated $5,840 to the USO of Missouri.
The USO at Lambert Airport provides a full spectrum of services to all military personnel and their dependents. All services offered are free. On a typical day in the airport facility, you might find a young Marine recruit in route to boot camp in California; military families relaxing while waiting on a delayed flight or perhaps a Mother saying ‘goodbye’ to her daughter who is headed off to points unknown. The USO of Missouri’s Lambert facility is also a meeting point for up to 1,000 new recruits each week on their way to Ft. Leonard Wood for basic training. Many brave young men and women travel through the facility on their way overseas to protect our freedom. More than 700 dedicated volunteers work to keep the doors of the USO open. The USO of Missouri is a non-profit 501(c)(3), receiving no government, military, or United Way funding and are not part of the Department of Defense. All funding comes from individual and corporate donors. Donate directly at www.usomissouri.org.
Annie Malone Center Toy Drive
Credit union employees and Board volunteers made the holidays a little brighter for area families and children of the Annie Malone Center by bringing unwrapped toy donations to the credit union’s holiday celebration.
Helping St. Louis families for more than a century, Annie Malone is a multi-service center that addresses social and education needs of children and families in crisis and at-risk throughout St. Louis. The toy collection resulted in over 100 toys that will brighten the holidays for area children this year. For more information on Annie Malone Children and Family Center visit: www.anniemalone.com.
Life Changing Experience
With this member's permission, we want to share with you a recent email we received from her.
First, we would like to tell you what an awesome, life changing experience the relationship Electro Savings Credit Union and MoKan has been for us. We’ve seen tough times during our 7 year marriage - lay-offs, broken legs, car troubles, and more…you name it! My husband decided to make a bold move and reinvent himself though the Pre-Apprentice program at MoKan. We were a one-car family all the while, which can make it difficult to be mobile when needed. So when he heard about the MoKan program, it was a breath of fresh air!
You know, it is hard for some folks to allow themselves to be helped. So much distrust in the business world has made people nervous, not to mention good old-fashioned pride. We were in a tough situation and while it would have been nice to continue to have one parent stay home, it is near impossible these days. So, my husband made a bold move that a lot of men at his age wouldn’t make – totally flipped the script and learn a brand new trade! He had my full support and I am so very proud of him.
Second, your Member Service Representative Lisa Corley was, to say the least, amazing! She was caring and thorough, knowledgeable and encouraging. She was clear and concise about the add-on programs, which allowed us to make educated decisions about the disability, life insurance and the extended warranty. She showed us the added value without being pushy – a balance you just don’t regularly find! She was concerned that we were happy with the vehicle we chose – that it was a good fit and mechanically sound, and wanted to make sure we were protected in an unexpected life change or event. To top it off, she made sure the process was seamless and smooth. We can’t say enough about what a gem you have in her!
For the past 19 years, the employees of Electro Savings Credit Union have bundled up in their winter coats to collect donations for Old Newsboys Day in front of the credit union’s Maryland Heights location. This year on November 17, Electro Savings employees will once again join with thousands of volunteers across the St. Louis area that put on aprons and stand on street corners, selling special edition newspapers to raise money for St. Louis children's charities through Old Newsboys Day. Please stop by our Maryland Heights location to donate or donate to any Old Newsboy Day volunteer you pass on your way to work, school, gym, or wherever you may go that morning.
The Salvation Army and Electro Savings Credit Union Partner On Tree of Lights Campaign
The Salvation Army Midland Division is partnering with Electro Savings Credit Union during the 2016 Tree of Lights campaign. Red counter kettles will be at four St. Louis metro locations from November 1 to December 23. Every member or employee making a contribution to the Tree of Lights red counter kettles will receive a paper red shield.
“We thank Electro Savings Credit Union for working with The Salvation Army during our Tree of Lights campaign,” said Lt. Colonel Dan Jennings, The Salvation Army Midland Divisional Commander. “Every generous donation by members and employees of Electro Savings Credit Union will help fund programs and services that bring hope to those in need in our communities.”
All monies raised during the Tree of Lights campaign stays in the community and 86 cents of every dollar goes directly into local programs and services. After funding holiday meals, gifts and programs for those in need, Tree of Lights donations help provide food, shelter, child care, job training and many other services throughout the year. The Tree of Lights campaign represents a substantial portion of the year-round operating budget of The Salvation Army.
The financial goal of this year’s campaign, which runs November 1 through January 31, will be announced at the Tree of Lights Kickoff Luncheon on noon, Thursday, November 3 at NEO on Locust.
Each year The Salvation Army assists thousands of families in Missouri and Southern Illinois. For more information about the Tree of Lights Campaign visit their website.
Tesson Ferry Branch Remodel
The South County Chamber of Commerce held a ribbon cutting ceremony at our newly remodeled Tesson Ferry Branch on Thursday, October 20, 2016.
Electro Savings Earns Sixth Consecutive 1st Place Missouri Award for Adult Financial Education
Electro Savings President & CEO Stan Moeckli (fourth from left) accepts the credit union's the sixth consecutive state recognition with a first place Desjardins Financial Education Award from the Heartland Credit Union Association (HCUA). The credit union received this award for its effort to educate adults on how to better manage their finances. The Desjardins Award is named for Alphonse Desjardins, the founder of the North American credit union movement. This award honors credit unions, chapters and leagues for their commitment to youth and adult financial literacy.
Electro Savings strives to be a leader in providing relevant financial education that helps people navigate through a challenging world of financial products and a growing number of non-traditional financial service providers. Through its collaboration with community groups that offer job training and workforce development, such as Better Family Life and MoKan, Electro Savings leverages the goodwill these organizations have in the community to reach more people with its financial education programs.
Electro Savings also earned Honorable Mentions in the Dora Maxwell Social Responsibility and Desjardins Youth Financial Education categories.
School Supply Drive Benefits Member-Teachers
Electro Savings Credit Union held a school-supply drive August 1 – 13 to help 10 of its member-teachers stock their classrooms this upcoming school year. In addition to receiving the school supplies collected, each teacher also received a $100 Visa Gift Card to help purchase additional classroom supplies. Congratulations to the following member-teachers chosen at random from the 31 entries.
- Kathleen A. (Shown left in photo with Tori Lovier, Electro Savings Branch Manager) teaches English as a Second Language Kindergarten and 1st grade at Buder Elementary School
"Thank you so much!! I cannot thank the members of Electro Savings Credit Union enough for your generous donations. Some of my students are unable to purchase their own supplies. Your donations will give these students the tools they need to focus on learning. Thanks Electro Savings Credit Union!"
- Christine P. teaches Kindergarten – 2nd grade at Forder Elementary School
- Mary Ann P. teaches 1st grade at New Bloomfield Elementary School
- Cathy S. teaches English for Speakers of Other Languages 9 – 12 grades at Marquette High School
"I think any teacher will agree that no matter what grade you work with or number of students you teach, you can never have too many supplies. I appreciate the generosity of the members and Electro Savings Credit Union for helping me outfit my classroom this year. Thank you, thank you!! My gratitude runs deep!
- Jill G. teaches at Becky-David Elementary School
"Thank you so much Electro Savings Credit Union and all of your members! My students and I appreciate all that you have done for us! Let the learning begin!"
- Jessica G. teaches at Normandy Middle School
"I was just sitting in my classroom making a list of supplies still needed. I have students without basic materials and I usually pay out of pocket to make sure no one is without. This is a wonderful surprise. Again, thank you so much."
- Lili T. (Shown in photo) teaches Kindergarten at St. Louis Language Immersion School
- Josephine Z. teaches 1st grade at Sacred Heart Catholic School
- Bonnie S. teaches 3rd grade at Athena Elementary School
- Beverly M. teaches Family and Consumer Science 6th – 8th grades at Rogers Middle School
"I am so excited to be able to supplement my students' supplies in the classroom. Many students come to school without all of the needed supplies and this will be extremely helpful. Thanks again Electro Savings Credit Union for supporting teachers."
Edward G. Halliburton Scholarships
Electro Savings recognized its Edward G. Halliburton scholarship recipients at the credit union’s annual meeting on May 24. 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 27, 2015 at the age of 88. We were honored to have Edward's wife Sharon, their son Jim and daughter-in-law Joann at the annual meeting.
Each year this scholarship program recognizes three Electro Savings members that are high school seniors for their outstanding academic achievements and community involvement. Each student receives a $1,000 scholarship award applied directly to their fall tuition at their school of higher education.
Since the scholarship program started in 1993, the credit union has awarded $73,000 to further the higher education of 73 credit union members. Past Edward G. Halliburton Scholarship recipients Emily McDowell and William Difani, both volunteer their time and talents serving on the credit union’s Supervisory and Associate Committees respectively.
The 2016 Edward G. Halliburton Scholarship recipients are,
- Allison Moser, a graduate of Notre Dame High School who plans to study Political Science and Pre-Law at DePaul University. Rebecca lives in South St. Louis County and is the daughter of Pam and Ken Moser.
- Bianca Yu, a graduate of Ladue Horton Watkins High School who plans to study Bioengineering at Stanford University. Bianca lives in West St. Louis County and is the daughter of Wilma and Feliciano Yu.
- Maria Zak, a graduate of Cor Jesu Academy who plans to study Communications and Spanish at Truman University. Maria lives in Kirkwood and is the daughter of Karen and Thomas Zak.
Sharon Halliburton, wife of Edward Halliburton and their son Jim congratulate Maria Zak (left), Allison Moser (left-center) and Bianca You (right), recipients of the 2016 Electro Savings Credit Union Edward G. Halliburton Scholarship.
Youth Month Donation to Annie Malone Children and Family Center
Electro Savings’ participation in April Youth Month included raising funds for the Annie Malone Children and Family Center, while highlighting the importance of creating smart spending and savings habits with its young members. The credit union ran account specials with a $5 donation to the Annie Malone Center for each new youth account opened, or each deposit over $50 made into an existing youth account during April.
“Credit Union Youth Month allows us to pair our youth financial education efforts with fundraising for local organizations that work to make the lives of children better” said Lisa Farnen, Electro Savings Vice President of Marketing. “This year we donated $980 to the Annie Malone Center. Over the past six years of doing this, we’ve donated $6,350 to local children’s organizations in April alone.”
To learn more about the Annie Malone Children’s and Family Center, visit their website at www.anniemalone.com.
75th Anniversary Celebrated With Community Shred Event and Youth Safety Fair
Giving back to the community and its members was the theme of Electro Savings Credit Union’s 75th Anniversary Celebration when it hosted a Community Shred Day and Youth Safety Fair at its Maryland Heights branch on April 23rd, which is the actual date the credit union was chartered in 1941.
Special visitors were invited to talk to children about safety, including Ameren’s Louie the Lightening Bug, the Maryland Heights Police Department and the Creve Coeur Fire Protection District. It also hosted a shred truck for members and the community to shred documents that they no longer need.
Guests were treated to ice cream while they visited the various tables to learn about safety topics. The fire department brought out two of their emergency vehicles for families to tour and gave away fire safety information. The police department brought their D.A.R.E. car and handed out child ID kits and Louis the Lightening Bug promoted safety while around electricity. “This was our first year offering this event and we could not be happier with the turnout. We would like to thank the volunteers from the Maryland Heights Police Department, the Creve Coeur Fire Protection District and Ameren for helping us make this event so successful,” said Laura Mugge, Community Development Specialist with Electro Savings Credit Union.
Electro Savings Receives 2nd Consecutive America Saves Designation of Savings Excellence Award
For the second consecutive year, Electro Savings received the America Saves Designation of Savings Excellence for Credit Unions from the American Savings Education Council (ASEC), a national coalition of public- and private-sector institutions committed to making saving and retirement planning a priority for all Americans. America Saves Week, held this year February 22 – 27, is a national endeavor comprised of over 1,000 government, non-profit, and corporate organizations to encourage individuals and families to set savings goals and develop savings plans.
“If you find it hard to begin saving, know that creating the habit of saving, is more important than the amount you save,” is the message that resonated from LaTonya Jackson as she spoke on the importance of developing a savings plan. To help make the commitment, LaTonya shared a 52-week savings challenge during Electro Savings’ week of planned activities that included presentations, financial literacy sessions, and a social media campaign.
During the week, Electro Savings collaborated with the St. Louis Regional Unbanked Task Force to promote savings to children in St. Louis Public Schools. Youth were encouraged to discuss and establish savings plans with their families. At Sigel Elementary School, students signed and recited a call and response Savings pledge, led by Ms. Jackson.
I don’t know what you’ve been told (students repeat)
But saving money is the way to go (students repeat)
I like ice cream; I like Cake (students repeat)
But I’m saving money for goodness sake (students repeat)
So what we gonna do?
Save, save (all)
Break it on down
We’re gonna save, save, save, save, save, save (all)
I like shoes and real fly clothes (students repeat)
But I’m saving money for college goals (students repeat)
So what we gonna do?
Save, save (all)
Break it on down
We’re gonna save save, save, save, save, save (all)
Additionally, Electro Savings participated in Gateway EITC’s Voluntary Income Tax Assistance (VITA) program to establish on-site banking at free tax preparation sites, opening both savings and checking accounts to underbanked and unbanked individuals. Other credit union collaborations included Urban Scouts in the Jennings School District, and the Near Southside Employment Coalition.
The credit union confirmed their commitment with a weeklong social media campaign focused on savings. Posts on the credit union’s Twitter and Facebook page included suggestions to develop a savings plan today, not someday.