Why You Should Be Banking With Alliance Credit Union

A local LICU and CDFI serving the Greater St. Louis community

St. Louis, Missouri is a city that was built for a lot more people than it currently holds, at least in its metro area, and has a notorious reputation for its wealth of abandoned buildings. The inner city of St. Louis struggles with high poverty rates, and the local government continues to invest in suburban development rather than rejuvenating old neighborhoods. For this reason and others, providing banking and lending services in St. Louis can present some specific challenges that the average bank just isn’t up to.

Alliance Credit Union started as an employee credit union in 1948 for the local electric company and now serves all of Greater St. Louis. They were specifically chartered with the mission to provide exceptional banking service and products without prioritizing shareholders and profits like a bank would.

Alliance CU is designated as both an LICU and a CDFI, and while they could have more branches in low-income neighborhoods, this indicates they do significant low- and moderate-income lending. They’re a truly local institution, with all of their branches being in or around St. Louis, but they have six total branches in the area.

Why Choose Alliance Credit Union?

Alliance CU is a truly local institution, with all of its branches located in and around St. Louis. The credit union offers both online and mobile banking, making it accessible for members throughout the metro area while still maintaining a local focus.

We discovered Alliance Credit Union while testing our Better Banking Options search engine, where it ranked as one of the strongest CDFI-related institutions in the St. Louis area. Its combination of community development designations, local branch presence, and member-focused service makes it a compelling alternative to large national banks.

👉 Check out their website here.