Question 1

What is CO - LIB Credit Union?

Accepted Answer

CO - LIB Credit Union is a small, specialized federal credit union serving employees of the St. Louis County Library system in Missouri. With approximately 233 members and $1.25 million in total assets as of Q3 2025, this credit union provides traditional financial services tailored to library staff and their families. The institution operates from the St. Louis County Library headquarters location in St. Louis, Missouri.

Question 2

When was CO - LIB Credit Union founded?

Accepted Answer

[Information not publicly available]

The specific founding date of CO - LIB Credit Union has not been documented in publicly accessible sources. However, federal credit unions serving specific employee groups were commonly established during the mid-to-late 20th century as workplace-based financial cooperatives to provide accessible banking services to employees.

Question 3

Where is CO - LIB Credit Union headquartered?

Accepted Answer

CO - LIB Credit Union is headquartered at 1640 S Lindbergh Blvd in St. Louis, Missouri. This address is shared with the St. Louis County Library headquarters facility, reflecting the credit union's close connection to the library system. The location is in the Frontenac/Ladue area of St. Louis County, easily accessible via major roadways.

Question 4

Where does CO - LIB Credit Union operate?

Accepted Answer

CO - LIB Credit Union operates primarily at its single location in St. Louis, Missouri. As a federal credit union with a restricted field of membership, it serves employees of the St. Louis County Library system. The St. Louis County Library operates 20 branches throughout St. Louis County's 523 square miles, and eligible employees from across this network can access the credit union's services.

Membership is limited to individuals employed by or affiliated with the St. Louis County Library system and their immediate family members.

Question 5

What services does CO - LIB Credit Union offer?

Accepted Answer

CO - LIB Credit Union offers core financial services to its members, including:

Savings and Share Accounts: Traditional share savings accounts that form the foundation of credit union membership.

Loans: Consumer lending services with $897,825 in total loans outstanding as of Q3 2025, representing a strong loan-to-share ratio of 84.4%. The credit union has demonstrated significant loan growth of 20.5% over the previous four quarters.

Deposits: Checking and deposit accounts totaling approximately $1.06 million, providing members with transaction and savings capabilities.

The credit union maintains a healthy net worth ratio of 14.74% and a return on average assets of 1.29%, indicating sound financial management despite its small size.

Question 6

What makes CO - LIB Credit Union unique?

Accepted Answer

CO - LIB Credit Union stands out as an ultra-specialized financial institution dedicated exclusively to St. Louis County Library employees. Its intimate size of 233 members allows for personalized service and a deep understanding of the financial needs specific to library professionals.

The credit union has demonstrated impressive growth despite its small scale, with loan growth exceeding 20% year-over-year. This performance reflects strong member engagement and trust in the institution's services.

Operating without a public-facing website, CO - LIB Credit Union focuses on direct, personal relationships with its members. This traditional approach emphasizes face-to-face interactions and community within the library employee network.

The credit union's location within the library headquarters building provides convenient access for employees during work hours.

Question 7

What type of financial institution is CO - LIB Credit Union?

Accepted Answer

CO - LIB Credit Union operates as a federal credit union (Charter #64723) under the supervision of the National Credit Union Administration (NCUA). Federal credit unions are cooperative financial institutions owned and controlled by their members, operating on a not-for-profit basis.

The credit union's charter restricts membership to employees of the St. Louis County Library system and their immediate family members. This single-sponsor employee group (SEG) structure creates a tight-knit membership base with common employment bonds.

As a member-owned cooperative, each member has one vote regardless of their account balance, and any profits are returned to members through competitive rates, lower fees, and improved services. Member deposits are federally insured up to $250,000 by the NCUA.

CO - LIB Credit Union

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About CO - LIB Credit Union in the United States