The Edwardsville-Glen Carbon Chamber of Commerce recently named Scott Credit Union as its Business of the Month. Scott Credit Union’s president and CEO is Frank Padak. Scott Credit Union has a volunteer board of directors chaired by Betty L. Renth. Its headquarters are at 101 Credit Union Way in Edwardsville. The company was founded in 1943 and now employs 222 people. Scott Credit Union was founded by a group at Scott Field who created a local credit union where the average person could save and borrow money. Membership was limited to any civil service employee of the Technical School and the Army Air Force Technical Training Command at Scott Field, now Scott AFB. The credit union, led by board president Lawrence Donna, consisted of 27 charter members and $145.60 in share deposits. Today, Scott Credit Union membership is open to anyone living or working in Monroe, Madison, St. Clair, Randolph, Perry, Franklin, Jefferson, Washington, Clinton, Marion, Bond, Macoupin, Montgomery, Fayette, Effingham, Williamson, or Jackson counties in Illinois or St. Louis County. The credit union is a member-owned, member-operated, not-for-profit cooperative. Today, it features 15 branches, more than 130,000 members and more than $1 billion in assets.
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