Scott Credit Union hosts virtual 80th annual meeting for members
Contact information:
Amy Stiteler
Director of Member Communications and Social Media
618-381-7309
[email protected]
www.scu.org
FOR IMMEDIATE RELEASE
Scott Credit Union hosts virtual 80th annual meeting for members
EDWARDSVILLE, IL – Scott Credit Union held its eightieth annual meeting for members on Thursday, March 16, 2023. The local credit union continues to provide value to members because of its non-profit, cooperative structure.
The organization experienced growth in 2022 with the addition of branches in Breese and Trenton, IL, through the acquisition of Tempo Bank. The SCU footprint now includes 25 branches in the Metro East, St. Louis, and Chicago markets with 152,000 members.
In 2022, the credit union also had the honor of being named one of Forbes Best-in-State Credit Unions for the third time in four years. Members rated SCU highly based on their overall satisfaction. The survey also measured trust, terms and conditions, branch services, digital services, and financial advice.
“We shared our success by providing active members a Bonus Dividend on shares and a loan interest rebate to our borrowers, paying out approximately $1,000,000 into share accounts,” said Lawrence Haffner, Chairman of the Board of Scott Credit Union. “Over the past 15 years, the bonus dividends and loan interest rebates we’ve provided to members have totaled more than $15 million—a clear demonstration of how Scott Credit Union is committed to being With You.”
In addition, SCU contributed financial donations of over $153,000 and 860 volunteer hours to a variety of civic efforts and charitable causes, including hands-on rebuild projects, the KMOV Surprise Squad events, community parades, and more.
Also at the meeting, Scott Credit Union’s volunteer Board of Directors was elected for 2023. The Board includes Lawrence Haffner as Chairman, Jacob Curtis as Vice Chairman, Frank Padak as Treasurer, Michele Gehlbach as Secretary, Deborah Lane, Jessica Haugen, Joy Howard, LaJuan Miller and Christopher Sobrino.
CMSgt William “Pete” Hostetter (Ret.) was recognized at the meeting as an Emeritus Director and thanked for his service. Hostetter served on the SCU Board for 40 years until his retirement in 2021.
Scott Credit Union’s Associate Directors were introduced, including Seth Anato, Lucrecia Cordon-Springer, Nathan Richard, and Angela Stewart.
“2022 was a year of expanding our footprint, increasing our charitable giving, sharing our profits with our members, and continuing to serve our members to better their financial futures,” said Frank Padak, President and CEO of Scott Credit Union.
Scott Credit Union is a full-service financial cooperative. When someone opens an account at the credit union, they become a member and an owner. Because of its structure, Scott Credit Union has given back over $15 million to members through a bonus dividend and loan interest rebate over the past 14 years.
Scott Credit Union currently has 25 locations; 22 locations in metro St. Louis including Affton, MO; Ballpark Village in St. Louis, MO; Belleville, IL (two branches); Breese, IL; Collinsville, IL; Columbia, IL; Crestwood, MO; Edwardsville, IL (two branches); Fairview Heights, IL; Ferguson, MO; Highland, IL; Ladue, MO; Lebanon, IL; Mascoutah, IL; O’Fallon, IL; Trenton, IL; Troy, IL; Scott Air Force Base in Illinois; Waterloo, IL; and Wood River, IL; and three branches in the Chicago area in Evergreen Park, IL; Midlothian, IL; and at the Jesse Brown VA Medical Center.
For details on opening accounts at Scott Credit Union, visit www.scu.org.
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