Scott Credit Union to open another Missouri location

Members of Scott Credit Union will have a fifth Missouri location later this year when they need to visit a branch. The local credit union is finalizing plans to open a location at 9100 Gravois Road in Affton, MO.

The newest SCU location, which was a former bank building, is 8,300 square feet and features a traditional teller line in the lobby and two drive-up teller windows. The location also will have a drive-up ATM.

“We are excited to be growing again with another Missouri location to serve people who live or work on the Missouri side of the river,” said Scott Credit Union President and CEO Frank Padak. “This is another step in our growth and commitment to serving the region. We are pleased to be adding our 20th branch.”

The new Affton Branch is part of Scott Credit Union’s strategic growth plan, which includes adding branches to better serve members in Missouri and Illinois, Padak added.

“We want to be convenient so our 145,000 members can take advantage of the value we offer,” he said. “We welcome the residents in Affton and the surrounding area to see why we are a great money-saving alternative.”

Scott Credit Union is a not-for-profit financial cooperative. When people open accounts at the credit union, they become a member and an owner. Because of its not-for-profit structure, Scott Credit Union has given $12 million back to members through a bonus dividend and loan interest rebate over the past 12 years. In November, the local credit union gave over $1 million back to its members.

“Our cooperative structure is really the best for consumers,” Padak added. “We don’t answer to a small group of stockholders. We answer to our members. Because of that structure, we pay more on our members’ savings, charge less when they need to borrow and keep fees low.”

Scott Credit Union currently has 19 area locations: Scott Air Force Base; East Belleville; Fairview Heights; Collinsville; O’Fallon; Edwardsville; Waterloo; Highland; West Belleville; Mascoutah; Troy; Wood River; Lebanon; Columbia; Ladue, Mo.; Crestwood, Mo.; Ferguson, Mo.; at Ballpark Village in St. Louis; and its Home Office in Edwardsville.

 

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