Category: Scott Credit Union News

Stimulus payments expected to arrive soon

Stimulus payments expected to arrive soon

This week, President Donald Trump signed the coronavirus relief package into law, which includes $600 stimulus checks for eligible tax filers. Much like the stimulus payment from earlier this year, the payments are based on 2019 tax return information and will be delivered using the same method. The U.S. Treasury Department has stated that the roll-out for direct deposits has begun, and payments will arrive in accounts this week or next. Paper checks began mailing out on Wednesday, Dec. 30 and are expected to arrive in mailboxes within 1-2 weeks.


Scott Credit Union Gives Back $700,000 to Its Members

November Bonus Dividend, Loan Interest Rebate Are Benefits of Membership with Local Financial Institution

A decades-long tradition continues: Just in time for the holidays, Scott Credit Union’s active members have once again received the gift of extra money in their accounts.

The credit union’s board of directors approved a bonus dividend and loan interest rebate in November, giving back approximately $700,000 to members. The money was directly deposited recently into Scott Credit Union members’ accounts.


Scott Credit Union Opens Branch in Affton, MO

Location is Local Credit Union’s Fifth in St. Louis Market

In December, the credit union officially opened the drive-up for its new branch at 9100 Gravois Road in Affton, MO.

The newest SCU location features two drive-up teller windows and a drive-up ATM, perfect for socially distanced banking.


Eight Ways to Spot a Counterfeit Bill

8 Ways to Spot a Counterfeit Bill

The COVID-19 pandemic has brought with it a wave of scams, with no signs of slowing down. These scams are also producing a surge of counterfeit bills into circulation. Using cutting-edge technology, scammers create bills that look just like the real thing to the untrained eye. Unfortunately, once counterfeit bills are passed, their new owner can become liable for passing them on to someone else.

In an effort to combat the reach of counterfeit bills, the Secret Service and the U.S. Treasury have added several identifying features to legitimate dollar bills to help citizens and business owners determine whether they are authentic. Here are some signs that can tell you if a bill is the real thing.


Scott Credit Union Donates $2,500 to Nurses for Newborns

Local Non-Profit Provides Services For At-Risk Families

Nurses for Newborns donation by Scott Credit Union
Scott Credit Union President & CEO Frank Padak donates $2,500 to Nurses For Newborns CEO Melinda Monroe.

Scott Credit Union has donated $2,500 to help Nurses For Newborns in its mission to provide services to at-risk families to prevent infant mortality, child abuse and neglect with in-home nurses.

Nurses For Newborns provides nursing services to promote healthcare, education, and positive parent skills to St. Louis area families who need it most.

“Scott Credit Union believes in making an impact in our communities,” said SCU President & CEO Frank Padak. “We believe in supporting families in a variety of ways and Nurses For Newborns is a perfect way for us to help in providing services to those in need.”

The families aided by Nurses For Newborns receive the healthcare, education and support they need so that every baby will be healthy, safe and nurtured in their home and able to fulfill their full potential, according to the organization’s website.