Choices Federal Credit Union

4471 Arco Avenue
St. Louis MO, 63110-1601


Choices Federal Credit Union is a start-up CDFI that received its charter in February 2005 to help fight predatory lending by serving the financial services needs of Low-Income families in St. Louis, MO. The Awardee serves the employees, volunteers, and Low-Income clients of eight social service organizations: Better Family Life, Inc., Beyond Housing / Neighborhood Housing Services, Catholic Commission on Housing, Community Action Agency of St. Louis County, Good Samaritan Service Center, Habitat for Humanity of St. Louis, Justine Peterson Housing and Reinvestment Corporation, and the Urban League of Metropolitan St. Louis.

CDFI Awards for Choices Federal Credit Union


FA (2008) - $111,324

Choices Federal Credit Union (Choices FCU) is a nonprofit, federally insured Community Development Credit Union in operation since 2005. Choices FCU is a certified CDFI serving employees, volunteers, clients and family members of social service organizations in the St. Louis, MO-IL Metropolitan area. It will use its FY08 Financial Assistance award of $25,000 to strengthen its capital reserves and its FY08 Technical Assistance grant of $86,324 to support staff costs, upgrade loan servicing software and pay for travel to remote branch locations to better serve its Target Market.



TA (2005) - $49,500

The 2005 TA award of $49,500 will help the credit union strengthen its operations by engaging a consultant to develop loan policies and procedures, acquire additional technology enabling it to open a remote traveling branch, and send its staff and board to training in credit union operations.



Other Community Development Financial Institutions in Missouri

USBCDE, LLC
St. Louis





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