The P.A.

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

That’s a Lot of Bran Flakes, My Friend

On November 24th, 2014, posted in: Uncategorized by 1 Comment

losing centsIt’s been six years since the Federal Reserve placed the federal-funds rate at near zero. To you, me and our neighbors, that “near zero” thing has equated to really low rates on our savings and certificate of deposits. How low? I joke regularly that my CD is earning “a couple of paper clips, a rubber band, two jacks and a piece of chewing gum.” In other words, those of us who save are making almost nothing.  (more…)

Anybody Got Some Alka-Seltzer?

On November 17th, 2014, posted in: Uncategorized by

man with headacheFinally, a reason to celebrate being old. According to a couple of folks down at the St. Louis Federal Reserve who spend their days sifting through data, numbers and countless footnotes (one would presume), those of us who are middle-aged and older have nearly fully recovered our wealth to pre-crisis levels. Party on, Garth. (more…)

Are Adults the Worst Thing That Happens to Kids?

On November 10th, 2014, posted in: Uncategorized by

boxing gloves

Are adults the worst thing that happens to kids? An obviously rhetorical question—bombastic and full of the showmanship that lures the audience in to read more than just the first few lines.

Aside from the P.T. Barnum overtone, where do the bad habits, biases, prejudices, and general bad behaviors come from? We’re not born that way, are we? No, we learn them. (more…)

What We Do Is Special

On November 3rd, 2014, posted in: Uncategorized by

empowering notesI love talking to people about what the Credit Union does. Especially to those who have never heard of us before. It is an eye-opening experience for those first-timers. What we do is special. I love the looks on their faces when they hear about the love and effort put forth for the good of mankind. They quickly come to realize that SLCCU is key to an individual’s socioeconomic progress in areas that are historically ignored when it comes to financial services. Strong people strengthen the neighborhoods.    (more…)