Employee credit union celebrates International Credit Union Week and 60th anniversary

The St. Thomas Employee Federal Credit Union celebrates its 60th anniversary as well as International Credit Union Week next week on St. Paul and Minneapolis campuses.  All CU members and potential members (that is, all UST employees and family members of those employees) are invited and encouraged to drop by one of two events.  There will be a $60 raffle and fall refreshments at each:

  • On the St. Paul campus, an open house will be held from noon to 3 p.m. (regular CU hours) on Monday, Oct. 12, in the hallway outside the CU office, Room 209, Loras Hall (south campus).
  • On the Minneapolis campus, you can visit with CU staff from 11:30 a.m. to 1 p.m. Wednesday, Oct. 14, at a table in the second-floor atrium of Terrence Murphy Hall.

The credit union, founded in January 1949 with a total of $150 from seven employees at what was then the College of St. Thomas, is now owned by more than 1,100 members and has $2,896,133 in assets. It offers shares (savings accounts) and loans to its members, and operates with the philosophy of “Not for Profit, Not for Charity, But for Service.” 

Funds are insured up to $250,000 per account holder by the National Credit Union Administration, a U. S. government agency, but this credit union board has imposed a $100,000 cap on funds that can be deposited by any one member.  For St. Thomas employees, automatic payroll deduction is available for convenient savings and loan payments.  Competitive dividend and loan rates are available, too.

Questions?  Contact  the St. Thomas Employee Federal Credit Union, (651) 962-6660, or come to one of the events next week.