Today’s economy has created the need to understand and research the best banking methods for our personal finances. The member’s lawsuit was filed quickly so that the credit union could avoid what would have been a costly and embarrassing lawsuit and the possibly payment of fines for violating the Privacy Act. The new and personalized look is more representative of the character and culture of a credit union’s value, and the logo has been received positively by the community. St. Cloud Federal Credit Union Member, Pastor Carol Jean, responded that Place of Hope Ministries had a need.
Despite the new look, St. Cloud Federal Credit Union will continue to be a premier financial institution of choice by making a meaningful difference in people’s lives. On October 12th, St. Cloud Federal Credit Union participated in the first annual Community Day, a day in which St. Cloud Federal Credit Union employees volunteered their time to make a substantial and meaningful difference in the lives of the St. Cloud area community. Looking for a project to make an impact, we reached out to St. Cloud Federal Credit Union members on how we could leverage over 50 employees’ volunteer time.
When we heard that Place of Hope needed to update their second floor wing for women and children, we knew it would be a great match for our Community Day,” stated Jed A. Meyer, President and CEO of St. Cloud Federal Credit Union. Donning shirts emblazoned with the message of, Bank on a Meaningful Difference,” St. Cloud Federal Credit Union volunteers were able to redesign and refresh the second wing at Place of Hope, a space designated for women and children in need.
In addition to volunteering time and energy, the St. Cloud Federal Credit Union also donated $500 and provided lunch for the community at Place of Hope. St. Cloud, Minnesota: St. Cloud Federal Credit Union and St. Cloud City and County Employees Credit Union are proud to announce the intention of merging their two organizations. The merger process was pre-approved by regulators and affirmed by a vote of St. Cloud City and County Employees Credit Union members at a special meeting on September 16th, 2015. Upon merger completion, Mr. Tody will assume the position of Chief Financial Officer (CFO) of St. Cloud Federal Credit Union.
We gain more products, services, and delivery channels with a strong strategic partner to better position our member service for years to come,” stated Mel Tody, President and CEO of City and County Employees Credit Union. The merged credit unions will become one organization under the St. Cloud Federal Credit Union name, with assets exceeding $140 million serving over 18,000 members with three branches. Jed A. Meyer, President and CEO of St. Cloud Federal Credit Union submitted the grant and committed to the matching funds.