May 22, 2012
The Senior Management Team of Equitable Savings and Loan Association is shown here (left to right) D.M. “Skip” Koenig, Jr., President/CEO, Stephen L. May, Senior Vice President/COO, Linda L. Blacker, Vice President, Melanie M. Buckler, Vice President, Jennifer K. Sator, Vice President/Sterling Branch Manager, Austin M. Samber, Assistant Vice President, Richard W. Robirds, Vice President/CFO/Treasurer. Not Pictured are Clifton K. MacDonald, Senior Vice President and Christine M. Pedersen, Assistant Vice President/Compliance Officer. (Courtesy Photo)
By Susie Schaefer & Melanie Buckler
Equitable Savings & Loan has joined a number of local businesses in supporting the Northeastern Junior College Foundation’s Club 1941 with their $2,500 black and gold level donation.
Equitable Savings & Loan Association has been locally owned and operated under the same ownership and same name since they first opened for business in 1954. Alonzo Petteys, a Brush Banker, opened the first three branches on August 12, 1954, with the home office located in Brush. The original Sterling branch was located in a small office on the west corner of the Production Credit Association. Equitable quickly outgrew the office and moved to a new building at Third and Chestnut Streets. By the early 1970’s, Equitable was running out of space again and built their present building at 221 North 3rd Street. In 1985, the home office was moved from Brush to Sterling to better serve their ever-increasing customer base.
The company now has 10 full-service branches located in Brush (est. 1954, current manager Kim Dykes), Sterling (est. 1954, current manager Jennifer Sator), Wray (est. 1844, current manager Julia Siegrist), Fort Morgan (est. 1956, current manager Connie Canfield), Burlington (est. 1960, current manager Jane Winslow), Julesburg (est. 1960, current manager Nancy Rademacher), Yuma (est. 1961, current manager Ann Blomstrom), Akron (est. 1962, current manager Marcia Bowland), Limon (est. 1978, current manager Leta Tarver), and Fort Collins (est. 1986, current manager Pamela James).
Equitable Savings & Loan was established to provide financing for buyers of residential real estate in northeastern Colorado. Although they make a variety of loans today, including construction loans, their primary lending function is still in residential real estate. In addition to mortgage loans, Equitable also offers auto, boat, RV and home improvement loans. Decisions are made locally and loans are serviced locally, which ensures that customers are given the best possible service because they are literally Equitable’s friends and neighbors.
Equitable also offers competitive deposit products, including checking accounts. Where other banks may offer “free” checking, Equitable’s checking accounts are truly free. In addition, Equitable offers CD’s, IRA’s, savings accounts, and business checking. Mobile Banking and Online Bill Pay are available for deposit customers. Equitable stands by their commitment to better/more competitive than the larger banks, by making Equitable the “best deal in town.”
When asked why Equitable supports NJC and the HOPE Scholarship, D.M. “Skip” Koenig, President and CEO of Equitable said, “we support local education and have supported NJC for over 54 years.” He went on to note that Equitable supports a variety of local scholarships and donates to support the community.
The employees of Equitable are amongst good company. Not only is Skip an NJC graduate, he is originally from Sterling, graduated from the University of Colorado and eventually made his way back to Sterling. Skip also serves on the NJC Foundation Board of Trustees. There are ten NJC graduates within the ranks of Equitable, and the lack of turnover at the local bank is proof that Equitable not only runs a smart business, but takes care of their people and inspires others to “shop local.”
And, the staff members are something to brag about, too. Nearly all of the employees at Equitable, from bank tellers to the president, are involved in some kind of civic organization, volunteering their personal time at a variety of organizations, such as the Logan County Chamber of Commerce, the Board of Realtors, Logan County United Way, Kiwanis, Northeast Colorado Cancer Resource Association, Sterling Area Young Professionals, Colorado Business Women of Sterling, the Sterling Lions Club, Rotary, and the NJC Foundation Board of Trustees.
Equitable is a good example of “giving back” to the community, students and education. Their motto is “Since 1954, the same local ownership, the same commitment to our communities.” It’s proof that what they’re doing works, both for the business and for the local people. Equitable Savings & Loan believes banking “should be more than just a business, it should be personal.”