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Missouri CU Links Up with State's Deposit Program

West Community Credit Union has partnered with the Missouri Linked Deposit Program, a state plan that aims to provide low-interest loans for job creation and retention.

By Michelle A. Samaad | Updated on November 28, 2010

West Community Credit Union has partnered with the Missouri Linked Deposit Program, a state plan that aims to provide low-interest loans for job creation and retention.

Through this program, qualified lenders are able to reduce the interest rate on certain loans that borrowers can use to improve their businesses by between 2% to 3%. The $126 million West Community in O’Fallon, Mo. was approved as a qualified lender earlier this year and is the first credit union in St. Louis to qualify as designated lender, according to the CU.

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