A monetary establishment situated in Jennings, Missouri, gives banking companies to members throughout the St. Louis metropolitan space. This institution operates as a not-for-profit cooperative, the place members are additionally house owners. Its companies embody financial savings accounts, loans, and different monetary merchandise tailor-made to the group it serves. Examples of companies supplied at this location embody private checking accounts, auto loans, and mortgage choices.
The significance of this group stems from its concentrate on group improvement and member service slightly than maximizing earnings. Advantages to members embody doubtlessly decrease rates of interest on loans, increased rates of interest on financial savings accounts, and a personalised banking expertise. Traditionally, such establishments have performed an important function in offering monetary entry to underserved populations and selling native financial development.
