Saint Louis Community Credit Union Info and Reviews

Saint Louis Community Credit Union is the CU we’ll be focusing on here. This article will cover important details on this Missouri CU like their products, rates, and more. At the end of this, you can also contribute your own review if you have personal experience working with them.

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Let’s dive in.

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*Routing #: 281082423

*Phone #: (314-534-7610)

A Little History of Saint Louis Community Credit Union

There isn’t a ton of history on this CU other than that they’ve been around for 80 years. They pride themselves on being a voice for social justice in the financial services world.

According to their on the NCUA website, they started at the beginning of 1942. Current assets are about $400 million.

Since they are part of the CO-OP ATM network, there are 30,000 ATMs for you to access nationwide.

Do They Give Back At All?

Saint Louis Community Credit Union has had a long history of giving back. Their main areas of focus for that are in the financial wellness, community development, and financial services areas.

The first one covers financial education and coaching through their relationship with the Prosperity Connection, a St. Louis non-profit.

Community development covers things like basic needs (food, diapers), Healthcare assistance, and other efforts like workforce development.

Their last area of financial services is mainly just what they do in general, so technically most credit unions out there do that.

Membership Requirements at Saint Louis Community Credit Union

If you want to become a member here, then you will need to meet a few requirements. You will need to live or work in St. Louis City, Franklin, St. Louis, and St. Charles counties of Missouri.

Illinois residents can also qualify if they live in St. Clair, Madison, Monroe or Jersey Counties. Like most credit unions, connections through relatives can also get you in at Saint Louis Community Credit Union.

To start your membership at this CU, you need to set up a regular savings account with a minimum deposit of $1.

Their Products

Saint Louis Community Credit Union offers a handful of personal products and none for business from what it looks like.

You can find auto loans, refinancing, personal loans, home loan products, loan alternatives, and recreational vehicle loans.

Their personal loans come in a few different varieties. Those include their “Works for Me Personal Loan, Ready Cash Line of Credit, Share Certificate & Share-Secured Loan, and Credit Cards.

Home loan products at Saint Louis Community Credit Union include first mortgages, home equity lines of credit, and fixed-rate home equity loans.

A very unique product you can get here is a loan to consolidate payday loans and help you escape them. If you aren’t familiar with what those are, it’s essentially a loan with an outrageously high interest rate and due-date that’s close to your next paycheck.

It’s basically a legal form of loan sharking since it traps people in a cycle of needing more loans and never being able to completely pay anything back. Saint Louis Community Credit Union will allow you to consolidate up to $1,000 of payday loans at a much more reasonable interest rate by comparison to what your payday loan’s is.

Checking, Savings, and Other Services

Their checking account offerings look pretty good, there’s the Interest Checking Account, Preferred Checking Account, Value Checking Account, and Second Chance Checking Account.

Savings account options are their Regular Savings, Holiday & Vacation Club Savings, Prize-Linked Savings, Share Certificate Savings, IRAs, Money Market Accounts, and Youth Accounts at Saint Louis Community Credit Union.

In addition to their checking and savings accounts, there are also various insurance products like auto/home owners insurance, life, accidental death & dismemberment, and other insurance related resources.

Rates

REGULAR, SMARTY, AND JOURNEY SAVINGS

DividendAPY*
Up to $10,000.990.05%0.05%
10,001.00 to $25,000.990.10%0.10%
$25,001.00 and over0.15%0.15%
Minimum deposit of $1 is required to open an account. Fees or other conditions associated with the account may reduce earnings. Pays dividends on all funds in the account. Dividends are compounded and credited monthly.

SAVE TO PROSPER SAVINGS ACCOUNT at Saint Louis Community Credit Union

DividendAPY*
Up to $10,000.990.05%0.05%
$10,001.00 to $25,000.990.10%0.10%
$25,001.00 and over0.15%0.15%
Minimum deposit of $5 is required to open an account. Penalties imposed for early withdrawal; penalties not applicable during the month of January. Fees or other conditions associated with the account may reduce earnings. Pays dividends on all funds in the account. Dividends are compounded and credited monthly.

HOLIDAY, VACATION AND SPRING BREAK CLUB SAVINGS ACCOUNTS

DividendAPY*
any Balance0.05%0.05%
Minimum deposit of $5 is required to open an account. Early withdrawal fee ($25 per withdrawal); not applicable during first six days account is open. Pays dividends on all funds in the account. Dividends are compounded and credited quarterly.

FREEDOM SAVINGS ACCOUNT

DividendAPY*
Up to to $10,000.990.05%0.05%
$10,001.00 to $25,000.990.10%0.10%
$25,001.00 and over0.15% 0.15%
Account Restrictions: Money deposited into this restricted access savings account may not be withdrawn until your Freedom Line of Credit loan has a zero balance. Fees or other conditions associated with the account may reduce earnings. No minimum balance requirement. Dividends are compounded and credited monthly.

GOLD CHECKING at Saint Louis Community Credit Union

DividendAPY*
$500.00 and over0.05%0.05%
Minimum balance $500.Minimum of $500 to open. Dividends compounded daily and credited monthly. If balance falls below $500 you will still earn interest, but a $5 maintenance fee is charged to the account.

ASCEND CHECKING

« Swipe for More »

DividendAPY*
Any balance0.05%0.05%
No minimum balance.
No minimum deposit to open. Pays dividends on all funds in the account. Dividends are compounded daily and credited monthly.

INDIVIDUAL RETIREMENT ACCUMULATION

DividendAPY*
Up to $10,000.990.05%0.05%
$10,001.00 to $25,000.990.10%0.10%
$25,001.00 and over0.15%0.15%
Pays dividends on all funds in the account. Dividends are compounded and credited monthly. No minimum balance requirement.

DAILY INTEREST INVESTMENT ACCOUNT

DividendAPY*
$1,000.01 to $9,999.990.10%0.10%
$10,000.00 to $24,999.990.15%0.15%
$25,000.00 to $49,999.990.20%0.20%
$50,000.00 and over0.25%0.25%
Rate can change daily.
Minimum deposit of $1,000.00 is required to open and $1000 minimum must be kept to earn dividends.
Dividends compounded daily and credited monthly.

SHARE CERTIFICATES at Saint Louis Community Credit Union

DividendAPY*
3 months0.10%0.10%
6 months0.20%0.20%
9 months0.25%0.25%
12 months0.30%0.30%
24 months0.45%0.45%
36 months0.55%0.55%
48 months0.65%0.65%
60 months0.75%0.75%
Dividend Rates change on a regular basis.
Minimum required deposit is $300.00.
Penalties will be imposed for early withdrawal.
Terms of 3, 6, 9, 12, 24, 36, 48 and 60 months available.
Dividends are compounded and credited monthly.
All dividends and rates are subject to change.
Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
*The dividends listed are those declared as of the last dividend declaration date. APY = Annual Percentage Yield.

Auto Loan Rates

Effective August 15, 2021

Newer Auto (2019-2022)APR* as low as
Up to 63 months3.29%
64-72 months3.59%
73-84 months5.29%
Used Auto (2014-2018)APR* as low as
Up to 63 months3.49%
64-72 months3.79% 
Older Used Auto (2009-2013)APR* as low as
Up to 48 months5.29%
Recreational Vehicles (2013-2022)APR* as low as
Boat, Trailer, Camper, RV5.69%
Up to 96 Months
Power Sports (2018-2022)APR* as low as
Motorcycle, ATV, Personal Watercraft4.69%
Up to 72 Months
Power Sports (2013-2017)APR* as low as
Motorcycle, ATV, Personal Watercraft4.99%
Up to 63 Months
Works For Me Signature LoansAPR* as low as
Maximum $15,000 – Up to 60 months9.95%
First MortgageClick here for current rates/terms(Opens in a new Window)
Home Equity Line of Credit**APR* as low as
24 months, thereafter adjustable2.99%
Home Equity LoanAPR* as low as
Up to 120 months4.19%

Line of Credit APR* as low as
18.00%

CD or Shared-Secured**APR* as low as
3.00% over dividend rate

You will need to call Saint Louis Community Credit Union about the payday loan consolidation rate.

** All rates stated as annual percentage rates (APR). Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral condition. All loans subject to approval.
*** Adjustable rate.

Saint Louis Community Credit Union – Final Thoughts

SLCCU looks like a solid local credit union for people in Missouri and some parts of Illinois. If you are a business owner, you will need to look elsewhere for your financial needs.

They do a great job of giving back to the community in terms of everyday resources and financial education services. Plus, unique products like their payday loan consolidation can potentially help you get out of one or many and start rebuilding your credit if it’s been damaged.

Do you have a review that you would like to add from personal experience with Saint Louis Community Credit Union? Leave it below! We need your email in case the SLCCU management teams wants to contact you to resolve any issues.

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*All information in this article was current at the time of this writing, however, it could change without notice. We do our best to keep these updated, however, there is no guarantee you will find the same information on the CU’s website or at the time of opening an account with them.

*This site is not affiliated with the Credit Union mentioned in this article.

Bob Buckley

Bob Buckley writes about food and business.