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Avoid a budget crunch next year!

Our 2020 Holiday Account starts November and you should check it out. This flexible account allows you to save small amounts throughout the year so you can be ready for the 2020 holiday season. You can set up the deposit amount and the frequency that works best for you. The maximum amount to earn dividends is $10,000 and they are paid October 31st of each year. If you need the funds before the maturity date, you can access them with no penalties. Read More

Testimony Before the New York City Council Regarding IDNYC Program

On October 2nd, Lower East Side People’s Federal Credit Union testified, along with other organizations, in front of the City Council against the implementation of a smart-chip on the IDNYC card. We were represented by our Director of Communication and Community, Engagement Alicia Portada, who stated in her testimony: “Our communities don’t need more reloadable cards, we need to ensure that people can build assets and support the development of their communities.” Click to read testimony

Learn about the Community Equity Agenda

This month, we are focusing on our work with the state-wide coalition known as the Community Equity Agenda. This coalition consists of advocacy organizations, legal services organizations, labor unions, and other CDFIs (Community Development Financial Institutions) across New York State.  The top priority for this year is the funding of the New York State CDFI Fund. This fund was established in 2007, modeled on the US Treasury’s CDFI Fund – yet it has never been funded! Read More