When it comes to choosing a bank or credit union, there are a lot of factors to consider. But if you're looking for an institution that puts its members first, offers great rates, and has a commitment to the communities it serves, Mountain River Credit Union is definitely worth your consideration. Here are five reasons why you should consider banking with MRCU. 1. Member-owned and operated: MRC...
United Labor Credit Union (ULCU) is a full-service financial institution that has been serving the St. Louis metropolitan area for over 50 years. ULCU was founded in 1966 by a group of local unions that saw the need for a financial institution that would serve the needs of working families. Today, ULCU is still owned and operated by its member-owners, and is committed to providing affordable banking products and services to its members.
How ULCU Started
The idea for ULCU came about in 1965, when a group of union leaders from St. Louis met to discuss the need for a credit union that would serve the needs of area union members. They decided to form a credit union that would be owned and operated by its members, and that would offer competitive rates on loans and savings products. ULCU received its charter in 1966 and opened its doors for business in 1967.
The early years of ULCU were marked by growth and expansion. In its first year of operation, ULCU had over 1,000 members and $1 million in assets. Today, ULCU has over 10,000 members and $100 million in assets. ULCU has always been committed to providing affordable banking products and services to its members, and this commitment has helped it weather economic downturns and emerge as a stronger institution.
What Sets ULCU Apart?
There are many things that set ULCU apart from other financial institutions. First and foremost, ULCU is owned by its member-owners, which means that profits are reinvested back into the credit union to benefit its members. Secondly, ULCU offers competitive rates on loans and savings products. Lastly, ULCU is committed to providing personal service to its members; every member is assigned a personal banker who they can contact with any questions or concerns they may have about their account.
If you’re looking for an affordable, full-service financial institution that is committed to providing personal service, then United Labor Credit Union is the right choice for you. ULCU has been serving the St. Louis metropolitan area for over 50 years, and is proud to be owned and operated by its member-owners. Visit ULCU today to open an account or apply for a loan!