The P.A.

A weekly address from Patrick Adams,
President of St. Louis Community Credit Union

The Economy should not be a game of Jeopardy

On February 25th, 2013, posted in: Uncategorized by

“Alex, I’ll take “Recent Economic History” for $1,000.”

“The answer is: ‘Federal Reserve Chairman Greenspan’s 1996 famous warning.’”

“What was that ‘irrational exuberance’ could cause a serious crash in asset values and cause profound damage to the economy.”

“That is correct – still your turn.”

Interestingly, as a result, we have an economy in Double Jeopardy.


2% Loss in Wages Makes No Sense for Economy

On February 19th, 2013, posted in: Uncategorized by

Some thoughts on the economy have prompted this week’s setting of the pen to paper.

I don’t purport to know all the inner workings of the economy – it’s a thousand-piece jigsaw puzzle. My concern is that those in charge of this nebulous, yet ubiquitous thing called the economy don’t appear to have the benefit of a picture on the box. After all, without the picture, it’s tough to get all the puzzle pieces in the right place. The other thing that concerns me is that nonsense has appeared to supplant common sense. What is real has been clouded.


Introspection Can Make Your Relationships A Little Better

On February 11th, 2013, posted in: Uncategorized by

I’m not sure what Mr.Thesaurus and his gang of synonymous-minded folks call it, but the word “introspection” should have a reference to “priceless gift.”  Introspection is the “ability to look within” and, quite frankly, is way up there on my list of things for which I am, personally, most thankful.


State Of The Credit Union Address

On February 4th, 2013, posted in: Uncategorized by

It gives me great pleasure to talk about St. Louis Community Credit Union. Among the 130-plus employees that I have the distinct privilege of working with on a daily basis, it is evidenced that our collective passion to serve and the compassion we extend our members makes our daily rigors a most rewarding experience. Truly, we have experienced the transformation from a vocation to an avocation.