The St. Thomas Employee Federal Credit Union held its annual meeting on May 13. At the meeting, President Joe Schwebel announced that Adrienne Sturm had retired as the credit union manager on April 1 after nearly 30 years of service.
When Sturm took over, the credit union had no official office and was run using paper account ledgers with all share deposits, loan payments, loan rates and quarterly interest calculated and posted manually into each member's ledger page. The first permanent office of the credit union was at 32 Finn in what was formerly a small staff break room. Under Sturm’s management, the credit union became fully computerized, with increased hours and services added throughout her tenure.
It also was announced that Tony Erickson had been appointed the new credit union manager as of April 1. Erickson retired as the bookstores director in May 2014 after nearly 30 years of service at UST. Sturm was honored for her many years of service with fellow credit union members at a reception following the annual meeting.
The credit union is now located on the second floor of Loras Hall and offers new and used car loans, as well signature loans and savings accounts, including the popular Christmas Club account. Automatic payroll deduction is very popular with its members as a way of saving or making loan payments. For more information and office hours, visit the credit union’s website.