What's Happening At Your Credit Union
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 daugther 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.
For the past 21 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 October 2017 issue of our Quarterly Newsletter was the last newsletter offered by Electro Savings Credit Union. Since its inception, the newsletter has served to inform our members of the happenings of their credit union. However, since all the information contained within the Newsletter is now available on applicable pages of this website, as well as our Social Media pages (Facebook, Twitter, LinkedIn), our Blog, and member email communications - a separate newsletter no longer serves its original purpose and only adds unnecessary expense to our members through the overall expenses of the credit union. This change is a part of our ongoing effort to pass along savings to our members by transitioning from paper to electronic communications whenever possible.
We welcome your feedback on this change. Please direct any comments regarding the discontinuation of a separate newsletter, to our Marketing Department.