Brooklyn Cooperative and Lower East Side People's Federal Credit Union each receive $1.5 million in grants from the the Department of the Treasury's CDFI Fund:
Credit unions are not-for-profit financial institutions that exist to serve their members' needs. Credit unions are cooperatively owned by all of their members, who are people just like you. Like banks, credit unions are insured by the federal government up to $250,000.
Why should I join a credit union?
The main goal of the credit unions featured on this site is to strengthen their communities. Members of these credit unions are also owners of the credit union and benefit from great financial services that help them reach their financial goals.
In a time of tightening access to credit, our credit unions continue to make responsible loans.