A monetary establishment positioned in Jennings, Missouri, offers banking companies to members throughout the St. Louis metropolitan space. This institution operates as a not-for-profit cooperative, the place members are additionally homeowners. Its companies embody financial savings accounts, loans, and different monetary merchandise tailor-made to the group it serves. Examples of companies offered at this location embrace private checking accounts, auto loans, and mortgage choices.
The significance of this group stems from its give attention to group improvement and member service moderately than maximizing earnings. Advantages to members embrace probably decrease rates of interest on loans, greater 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.
