What's Happening At Your Credit Union
Power of You Ignites Electro Savings Employees
We are harnessing the power of our employees through the Power of You, a new program designed to enhance employee engagement and promote a culture of collaboration and innovation. Just as the program’s name indicates, the Power of You is rewarding the credit union team for positively impacting the credit union with their powerful ideas and insights.
Since the program’s August kick-off meeting, when the credit union launched the Power of You with a fun video, the Electro Savings team has been ignited to share their ideas.
“The Power of You gives staff a formal program to submit process improvement ideas that they believe will have a positive impact to the credit union,” explains Vice President of Human Resources Ashley Keegan. “Employees individually or as a group complete an entry form outlining details of their process improvement idea. The process idea must project a cost reduction, save time or generate income; but in no way can it adversely affect the credit union’s membership.” If implemented, the individual employee receives or employee group shares a $250 bonus. After six months if the projected cost savings or income generation proves true, the employee(s) receives 10% of the projected first 12 months’ cost savings or income.
“I am very proud and excited about what we have accomplished as a team with this program,” says CEO Jim Struble. “We know our employees are our biggest asset. This program proves to them how much we believe in them and know how important it is that we listen to them.” Since launching the program in August, the credit union has received 19 Power of You entries, with two of the entries moving into implementation.
CEO Jim Struble presents Tesson Ferry Branch Manager Ashlie Colbert and Loan Counseling Supervisor Barry Jones their $250 bonuses for their Power of You ideas. Ashlie’s Power of You idea included researching a new vendor to reduce costs at her branch. Barry’s Power of You idea is a process change that will save credit union staff time and reduce the cost to process certain payments.
A Letter from Jim Struble, our New President and CEO
To the members of Electro Savings Credit Union,
Today marks my first chance to serve you, our communities, and Electro Savings staff members. I am humbled and excited at this opportunity and thank our Volunteer Board and Supervisory Committee for choosing me to help lead your credit union team. I’d also like to thank my predecessor Stan Moeckli for his 19 years of service to Electro Savings and wish him well in his retirement. Joining a credit union which makes such a positive difference for its members and communities is a dream come true.
The credit union industry was born from innovation. When those rejected from traditional banks said, ‘There has to be a better way’ credit unions began! As someone who believes everyone, regardless of socioeconomic standing, should have access to financial services and education, being part of the credit union movement is a natural fit. That innovative drive is still alive and well at Electro Savings, as is the not-for-profit spirit that puts the needs of the members first.
Credit unions are where people come together with a shared purpose as members. They are a place of safety and trust, existing with a deep belief in doing what is right. Where the outcome and future of each member and family who sit in our offices becomes the priority…not maximizing profit to a select few shareholders.
For over 77 years, local families have trusted and relied on Electro Savings for financial services and education. During that time, our services have grown and evolved to rival any other financial institution! Whether you come to us with a dream of home ownership or to understand how to take the stress out of managing your checking account, remember that doing your financial business with Electro Savings benefits the entire cooperative, which in turn as a member-owner benefits you. I encourage you to share your Electro Savings experience with your friends and family. Everyone should plant their money where it will help their local communities grow and thrive!
As a native Midwesterner, I am excited to be returning from the East Coast to discover St. Louis with my family and to meet our members (you)! We will have opportunities to meet one another in the branches to share a cup of coffee or an ice cream treat before long. Watch our website, Facebook page and branches for those dates and times. I am looking forward to hearing the feedback and thoughts from you, our member-owners!
Thank you for your support and for choosing Electro Savings Credit Union!
President and CEO
2018 Edward G. Halliburton Scholarships
Electro Savings recognized its Edward G. Halliburton scholarship recipients at the credit union’s annual meeting on May 22nd. 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 in September 2015 at the age of 88. We were honored to have Edward's son Jim attend 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 $79,000 to further the higher education of 76 credit union members. Past Edward G. Halliburton Scholarship recipient Emily McDowell volunteers her time and talents serving on the credit union’s Supervisory and Scholarship Committees.
The 2018 Edward G. Halliburton Scholarship recipients are,
- Nicholas Bahr, a graduate from Columbia High School who plans to study mechanical engineering the fall. Nicholas lives in Columbia, IL and is the son of David and Tammy Bahr.
- Sarah Boll, a graduate of Cor Jesu Academy who plans to study at the University Of Arkansas. Sarah lives in St. Louis, MO and is the daughter of David and Elizabeth Boll. Sarah is the third recipient in her family of this scholarship. Her sister Ellen was a 2013 recipient and her brother David was a 2011 recipient.
- Kathryn Craddock, a graduate of Lafayette High School who plans to study Political Science in the fall at the University of Missouri. Kathryn lives in Wildwood, MO and is the daughter of Alden and Karen Craddock.
Edward Halliburton's son Jim Halliburton congratulates Sarah Boll (left) and Nicholas Bahr (right), recipients of the 2018 Electro Savings Credit Union Edward G. Halliburton Scholarship. Scholarship recipient Kathryn Craddock not shown in the photo.
Fifth Consecutive CUNA Award for Adult Financial Education
Electro Savings President & CEO Stan Moeckli (far right) accepts the credit union's fourth Credit Union National Association (CUNA) Desjardins Financial Education Award at CUNA's Governmental Affairs Conference. 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. Also pictured from left to right are credit union Directors Howard Hoemann and Shelby Edwards, and Vice President of Marketing Lisa Farnen.
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.