The P.A.

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

Time to Refocus

On July 3rd, 2017, posted in: Industry, Uncategorized by

locked hornsWho you’ve been mad at over the years seems to be misguided. That’s the message I would convey to those in the local banking community. For years (as many as I can remember), the bank lobby has stood up to, lobbied against, written droves of letters, and generally solicited the support of legislators and the general public against credit unions. After all, credit unions and their exemption to paying federal taxes are killing them. (more…)

Attitude is Everything

On June 19th, 2017, posted in: Industry, Uncategorized by

“Woe is me.” A popular phrase uttered by way too many. “Suck it up Buttercup.” A popular phrase often used to remind those stating the former, “Woe is me” statement. Failure is easy to accept.  Fighting back is hard.  I lean toward fighting back.  (more…)

Debit Card Regulations and the “Poor Tax”

On June 5th, 2017, posted in: Industry, Uncategorized by

hand inserting debit cardYears ago, I ended up in a debate that progressed to a heated discussion, then to a war of words to a good old-fashioned “throw-down.” This other guy and I were not going to find a common bond. It happens that mediation sometimes can’t be reached. That was the case here, but to our credit, never did we call names. It was civil but heated. (more…)

We Stand in the Gap

On May 1st, 2017, posted in: Community, Industry, Uncategorized by

man standing in darkened roomIt is all about giveback. That’s what CDFIs do. In a metropolitan area rife with the trials and tribulations of everyday living, isn’t it good to know that somebody has your back? (more…)

Invest in the Community

On April 24th, 2017, posted in: Community, Industry, Uncategorized by

classic cars in black & whiteHow’d you enjoy last week’s comments? Well, here is question #2. Remember, I had the privilege to sit on a panel to discuss what our communities need to be successful. On behalf of SLCCU, I was able to share the story of what a Community Development Financial Institution (CDFI) does in the market.  (more…)

Access Is Important

On April 17th, 2017, posted in: Community, Industry, Uncategorized by

sunset on city streetOn Wednesday of last week, I was asked to speak on a panel to discuss “What Makes Communities Great.” Our business partner Grace Hill asked me to be a part of their Solutions Breakfast and it was truly my honor. Grace Hill is such a positive force in our North St. Louis community as they provide hope for so many. We are honored to work with them.    (more…)

What Makes Us Great

On April 10th, 2017, posted in: Industry, Service, Uncategorized by

bedrockGreat companies focus on who they serve. That’s what makes them great. Our focus, as an example, is always on our members, staff and community. As leaders of our institution, we regularly check our focus; it does not waver. (more…)

What’s in a Name?

On March 20th, 2017, posted in: Industry, Uncategorized by

boot tracksI don’t know what I was expecting when I walked into Chuck’s Boots, but as I entered, I stopped inside the door for a second and had to gather myself. My face must have had that sort of look that a young farm boy might have when he first travels to New York City. Those corn fields all the way to the horizon at home, suddenly replaced by concrete stacked to the clouds, will have a halting effect. (more…)

We’re a Movement, Not an Industry

On March 13th, 2017, posted in: Industry, Uncategorized by

hands with sunset similar to CUNA logoLike that crazy uncle whose antics are suspect at best, we try not to talk about our credit union movement’s crazy side very often. You know, if you talk about it, suddenly there it is — on your doorstep. The fact is that we have a collective credit union mission and a power that we don’t leverage near as well as we could. Folks, it’s time to talk about it.    (more…)

Creative Tension: Urgency + Honesty + Accountability

On March 6th, 2017, posted in: Industry, Uncategorized by

paper light bulbIf I used the phrase “creative tension,” would you recognize where I might be going with the discussion? I’ll come clean with you — the first time I heard it, I was drawing a mental picture of what exactly this action is, but honestly, I was guessing as to the answer. In a business setting, what is “creative tension?”    (more…)