Brooklyn Cooperative Federal Credit Union is a community credit union serving Central and Eastern Brooklyn founded in 2001.  We are a certified CDFI (community development financial institution) and a Minority Depositary Institution.

As a community credit union, Bk Coop serves a well-defined set of neighborhoods called our Field of Membership. These are:

Brooklyn Community District 3 (Bushwick), District 4 (Bed-Stuy), District 5 (East NY), Districts 8 and 9 (Crown Heights), and District 16 (Brownsville).  We also serve Queens Community District 5 (Ridgewood). 

These are among New York City’s most economically challenged communities. And, like residents in low-income areas across the country, they have long histories of neglect and abuse at the hands of mainstream financial institutions. Our members have few options when it comes to accessible and affordable savings accounts, checking accounts, personal or mortgage loans, or working capital to start or expand their small businesses.

In response to these needs, the credit union has evolved a sophisticated range of products and services, operates six days a week, and has emerged as a model community development credit union nationwide. Our fair and affordable financial services empower these households, individuals, and small businesses towards the goal of building their assets and securing their economic footing.

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From less than $300,000 in our first year, Brooklyn Coop now holds $50 million in assets and we are comprised of about 7,000 members.