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CU System
Community Trust outlines 75 years of the CU difference
GURNEE, Ill. (5/19/08)--A lot has changed at Community Trust CU in the past 75 years; yet, much remains the same, especially the philosophy, according to an article in The News Sun (April 29). The newspaper interviewed President/CEO Madeline Lipka, who outlined the credit union difference throughout the history of the credit union, which was founded as Warren Township CU. Today it has more than $161 million assets. Lipka told the newspaper the credit union was formed to create a comfortable environment where people could find an alterative to the high-interest loans and low-yield savings offered by local banks. "That's still our biggest draw three-quarters of a century later," she said. Many people don't realize credit unions offer high-tech, secured financial services, she said. The biggest difference (from banks) is that we treat our members like they own the place, because they do." She noted the member-owned, not-for-profit financial cooperative structure and pointed out the credit union and its employees are heavily involved with community service groups. "Everything we do, and each of the products and services that we offer, begins with the realizations that our members want to enjoy a comfortable lifestyle, followed by a prosperous retirement. The communities and families we serve are the reason for our continued success, so we make them our top priority."
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