Strategic Partnerships that Pay Community Dividends June 7, 2013 Presented by Paul Woodruff

St. Louis Community Credit Union Community Development Financial Institution (CDFI) –Designated by United States Treasury Department Low-Income Designated (LID) Credit Union –Designated by National Credit Union Administration Community Development Credit Union (CDCU)

St. Louis Community Credit Union 51,000 members $240 million in assets 11 St. Louis area locations –6 in St. Louis County –5 in St. Louis City Higher than average risk tolerance Specialized to serve Low- and Moderate-Income (LMI) populations

Strategic Partnerships St. Louis Community CU Foundation and CU Excel Center YWCA Small Dollar IDA Program Micro-Branches CRA Bank Partnerships

St. Louis Community CU Foundation The Foundation –Established in 2010 and 501c(3) designated –The Foundation exists to strengthen the St. Louis region through economic empowerment by providing financial literacy education, resources, and support to low-to- moderate income residents in an effort to improve their standard of living and better their lifestyle.

CU Excel Center The Center –Launched in June 2012 to serve as a ‘destination point’ for consumer financial and life skills education –Free group and one-on-one seminars are offered during the day, evening, and weekend to meet the education needs of SLCCU members and the broader community –Volunteer instructors and SLCCU’s Financial Literacy Specialist teach all classes

Program goal is to assist low-income women in overcoming barriers to permanent housing –i.e. Utility debt, outstanding rent payments, collection items, etc. YWCA leveraged a $7,500 grant from the United Way to provide a 1-to-2 savings match up to $500 per participant SLCCU created a non-custodial IDA account for clients, provides free money orders to pay off debts, and teaches free financial education classes Outcome: $1,400 saved and $1,800 in debt paid off YWCA Small Dollar IDA Program

Micro-Branches Three micro-branches have been launched since 2011 –MET Center –Grace Hill Settlement House –Kingdom House Range in size from 300sq feet to 800sq feet SLCCU staff members are integrated into daily activities and services offered at each facility Member activity – lower balances, bill pay services, and regularly scheduled financial education classes

Micro-Branches Activity levels for branches from opening to April 2013 New AcctsTotal Loan DollarsLoans BookedTransactions MET Center Est. June ,126$803, ,765 Grace Hill Est. October $743, ,936 Kingdom House Est. December $82, ,607 2,147$1,628, ,308

Micro-Branches

CRA Bank Partnerships SLCCU and its Foundation work with banks to provide free and affordable financial services Current partnerships sponsor: –Kingdom House micro-branch operations –$500,000 Alternative payday loan fund –$300,000 commitment for operations at new branch –Marketing – ‘The Community’ radio show –CU Excel Center® –Financial education instructors –College scholarship program

CRA Bank Partnerships

St. Louis Community Credit Union is more than a financial institution

For more information, please contact: Paul Woodruff Community Development Manager