A monetary establishment situated in Jennings, Missouri, gives banking companies to members inside 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 neighborhood it serves. Examples of companies offered at this location embody private checking accounts, auto loans, and mortgage choices.
The significance of this group stems from its concentrate on neighborhood growth and member service somewhat than maximizing income. Advantages to members embody probably decrease rates of interest on loans, larger rates of interest on financial savings accounts, and a customized banking expertise. Traditionally, such establishments have performed a significant function in offering monetary entry to underserved populations and selling native financial development.
