The St. Jude Credit Union is a not-for-profit, member owned operated organization. We strive to provide the best possible financial services within our capabilities to our members in a timely manner. Our goal is to offer reasonable rates and maintain the credit union’s financial stability.
2020 Board of Directors:
The Beauty of Being Small
Small credit unions tend to have a closeness and familiarity with their
members. This personal touch can be an advantage. They can also be flexible
and make needed changes more quickly. There are also challenges in areas
of loan and membership growth, asset quality and earnings. Navigating
increasingly complex regulations can also be difficult. Sometimes it is possible
for a small credit union to partner with a larger credit union to offer services
or solve a problem. There are no silver bullets; each credit union’s solution is
as unique as the credit union itself. They may involve new strategic alliances,
collaboration efforts, focused niche strategies, and regulatory relief efforts.
Although they are not always obvious in statistical reports, there are success
stories that are inspirational.
- Excerpted from Credit Union Magazine