Lawrence “Larry” Skube Promoted After Six Years of Service as VP & Controller
ST. LOUIS, MO – Together Credit Union is thrilled to announce the promotion and appointment of Lawrence “Larry” Skube to Chief Financial Officer. As a key executive management team member, Skube will represent the strategic financial perspective in enterprise planning and decision-making and provide strategic leadership to the finance and accounting functions.
“Larry Skube has taken on additional responsibilities across the credit union’s finance and accounting departments, including leading project initiatives that have led to Together Credit Union’s strong financial position today,” said Bob McKay, President and CEO. “His drive for innovation and experience within the financial services industry will help lead the credit union going forward.”
Skube began his professional career at Price Waterhouse Coopers as an auditor, primarily in the insurance industry, before moving into an accounting and reporting role with Household International, his first position in the financial services industry. Skube then advanced his knowledge and career through various accounting and finance positions for notable organizations like HSBC, ABN AMRO Bank N.V., and Busey Bank, where he developed a passion for mortgage banking and serving the needs of both wholesale and retail clients.
“You have to find the sweet spot given our desire to grow our balance sheet and earnings while at the same time ensuring we are laser-focused on the needs of our members. This is often a delicate balance,” said Skube. “Helping members realize their goals and aspirations through our products and services is very rewarding.”
Skube joined Together Credit Union in 2018 as Vice President and Controller, helping shape organizational growth by evaluating financial performance, forecasting market trends to mitigate risk, addressing ways to improve cost efficiencies, and pursuing opportunities that increase revenue. Since then, the credit union has grown from $1.7 billion to $2.4 billion in assets.
Larry Skube holds a Bachelor of Science in Accountancy from Illinois State University and a Master of Business Administration in Finance from the University of Chicago Booth School of Business. He also holds a Certified Public Accountant (CPA) certification from the American Institute of Certified Public Accountants (AICPA).
For more information regarding this announcement, please contact Julie Linder, Brand Connections Manager, by calling (573) 268-0639.
About: As a member-owned, community-focused, not-for-profit financial institution, Together Credit Union is chartered by the State of Missouri and federally insured by the National Credit Union Administration (NCUA). Learn more at https://www.togethercu.org/. Together Credit Union is not a subsidiary of Anheuser-Busch Companies, Inc., or its affiliates. Learn more at https://www.togethercu.org/.
FAQs
The Credit Union is not a subsidiary of Anheuser-Busch Companies, Inc., or any of its affiliates.
Is there a downside to joining a credit union? ›
Credit unions tend to have fewer branches than traditional banks. A credit union may not be close to where you live or work, which could be a problem unless your credit union is part of a shared branch network and/or a large ATM network such as Allpoint or MoneyPass. May offer fewer products and services.
Is Together Credit Union FDIC insured? ›
At the Credit Union, your deposits are federally insured up to $250,000 per individual and up to $250,000 for IRA accounts by the National Credit Union Administration (NCUA), a United States government agency. This insurance is similar to that offered by the Federal Deposit Insurance Corporation (FDIC).
Is together credit union and American Eagle Credit Union the same? ›
About Together Credit Union | Together Credit Union, formerly known as Anheuser-Busch Employees' Credit Union, American Eagle Credit Union, and Purina Credit Union, strives to be a trusted financial partner, providing experiences that empowers members to live their best lives.
Who is Anheuser-Busch owned by now? ›
Since 2008, it has been wholly owned by Anheuser-Busch InBev SA/NV (AB InBev), now the world's largest brewing company, which owns multiple global brands, notably Budweiser, Michelob, Stella Artois, and Beck's.
Who merged with Anheuser-Busch? ›
Anheuser-Busch InBev (AB InBev) is an international brewing company created by the 2008 merger of Anheuser-Busch and InBev. When the merger was completed, AB InBev became the largest brewer in the world. The headquarters are in Leuven, Belgium.
Why do banks not like credit unions? ›
First, bankers believe it is unfair that credit unions are exempt from federal taxation while the taxes that banks pay represent a significant fraction of their earnings—33 percent last year. Second, bankers believe that credit unions have been allowed to expand far beyond their original purpose.
How risky are credit unions? ›
Just like banks, credit unions are federally insured; however, credit unions are not insured by the Federal Deposit Insurance Corporation (FDIC). Instead, the National Credit Union Administration (NCUA) is the federal insurer of credit unions, making them just as safe as traditional banks.
Is it better to join a bank or a credit union? ›
Credit unions can be ideal for a low-interest loan, lower mortgage closing costs, or reduced fees, but you'll need to qualify for membership. Larger banks may offer you more choices regarding products, apps, and international or commercial products and services, and anyone can join.
Which is safer, FDIC or NCUA? ›
The NCUA insures credit union accounts, while the FDIC provides insurance for bank accounts. They both come with the same limits on insurance coverage. A decision about whether to store money in a credit union or bank shouldn't be affected by which federal agency insures the institution.
When a credit union fails, a postmortem or material loss review (MLR) may be performed to: Determine and analyze the causes of credit union failures which result in losses to the National Credit Union Share Insurance Fund (Share Insurance Fund);
Are CDs at credit unions insured? ›
The short answer is yes. Like other bank accounts, CDs are federally insured at financial institutions that are members of a federal deposit insurance agency. If a member bank or credit union fails, you're guaranteed to receive your money back, up to $250,000, by the full faith and credit of the U.S. government.
Who owns the Together Credit Union? ›
Together Credit Union – your credit union – is a member-owned cooperative. Our 130,000+ member owners together are comprised of diverse gender, ethnicity, race, and creed.
What's the best credit union to belong to? ›
Here are some of the country's top credit unions:
- Alliant Credit Union. Alliant offers an above-average interest rate for savings. ...
- Consumers Credit Union. ...
- Navy Federal Credit Union. ...
- Connexus Credit Union. ...
- First Tech Federal Credit Union.
I have two at my credit union and one at a large bank. I have credit card account with two other institutions, both banks, as well. They are not traditional deposit accounts but accounts nonetheless. People are free to open accounts at as many institutions as they wish provided they meet the requirements for doing so.
What union represents Anheuser-Busch? ›
Teamsters Overwhelmingly Ratify 5-Year Contract at Anheuser-Busch - International Brotherhood of Teamsters.
What happened to Anheuser-Busch credit union? ›
St. Louis-based Anheuser-Busch Employees' Credit Union and its divisions American Eagle Credit Union and Purina Credit Union have rebranded to become Together Credit Union. The credit unions will begin operating under the new name on November 12, according to a press release.
Who did Access Credit Union merge with? ›
Access Credit Union was incorporated in 2009. In 2021, Access Credit Union merged with Crosstown Civic Credit Union and later in 2022, merged with Noventis and Sunova Credit Unions to become the largest credit union in Manitoba. Today, Access Credit Union remains a financial institution that puts its members first.
