The St. Thomas Employee Federal Credit Union invites all UST employees to stop by the credit union office from noon to 3 p.m. today, Monday, Oct. 18, at Room 209, Loras Hall, St. Paul campus, to share in the celebration of International Credit Union Week. (The Minneapolis campus will host a Credit Union Week table on Wednesday in Terrence Murphy Hall – watch for details in Wednesday’s Bulletin Today.)
The St. Thomas credit union will join other credit unions worldwide in celebrating this week with the theme of “Local, Trusted, Serving You.” Featured will be fall refreshments and a raffle for a $25 deposit to a share account. Not a member? Don't worry, if you win the raffle an account will be opened for you with your $25 prize.
The St. Thomas credit union, founded in 1949 with a total of $150 in deposits from seven employees, has grown to more than $3 million dollars in assets and over 1,100 members. 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 in the credit union are insured for up to $250,000 per account holder by the National Credit Union Administration, a U.S. governmental agency; however, to control liquidity, the credit union board at St. Thomas 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.
For more information, call the credit union, (651) 962-6660, or view its website.